Boomer or Bust: Your Financial Guide to Retirement, Health Care, Medicare, and Long-Term Care

Chapter 12. Medicare

	“Thanks to modern medicine we are no longer forced to endure prolonged pain, disease, discomfort and wealth.”
	--Robert Orben

Medicare, which is more formally known as Title XVIII of the Social Security Act (I don’t know about you, but I think that Roman numerals should be reserved for really important things, like Super Bowls), is a national system of health insurance for all recipients of Social Security who are at least 65 years old or disabled. Medicare eligibility is not based upon either your assets or your income.

Alphabet Soup

Medicare is like alphabet soup: A, B, C, and now D. Medicare Part A primarily provides insurance coverage for hospital care. Part B focuses on coverage of doctor’s bills and outpatient services. ...