In This Chapter
- What is Medicare?
- Who qualifies for the program?
- How you apply for benefits
- What Medicare insurance covers
- How much does coverage cost?
Medicare is a somewhat complicated and often misunderstood federal health-care insurance program funded by two trust funds the U.S. Treasury holds: the Hospital Insurance (HI) Trust Fund and the Supplementary Medical Insurance (SMI) Trust Fund. The money in these funds comes from a variety of sources, including payroll taxes the majority of employers, employees, and the self-employed pay as well as income taxes paid on Social Security benefits, Medicare Part A premiums from ...