A federal program that pays for certain health care expenses for people aged 65 or older. Enrolled individuals must pay deductibles and co-payments, but much of their medical costs are covered by the program. Medicare is less comprehensive than some other health care programs, but it is an important source of post-retirement health care. Medicare is divided into four parts. Part A covers hospital bills, Part B covers doctor bills, Part C provides the option to choose from a package of health care plans, and Part D offers prescription drug coverage.

For further explanation, see Medicare vs. Medicaid – How and When Each Can Help You.

Use Medicare in a sentence

You need to know how medicare works and decide how much help you want to offer to all of your workers.


The majority of American doctors and hospitals must have a strong working knowledge of Medicare reimbursement policies as they are vital for their funding.


My grandmother was always concerned about medical expenses when she turned 65, but I always tried to remind her that she had the assistance she needed through MEDICARE.


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Mentioned in these terms

health insurance Medicare hospital insurance