Medicare is America's health insurance program for those of the age 65+ as well as those with disabilities such as certain diseases or organ failures. The program helps to pay for the cost of health care. However, not all medical expenses are covered with this program.
Medicare is paid for by a piece of the payroll taxes which is paid by employees and their employers and by "monthly premiums deducted from Social Security checks."
Medicare has four parts:
Still not sure what Medicare is? Check out these videos: