Medicare

noun Medi·care \ ˈme-di-ˌker \
Updated on: 13 Oct 2017

Definition of Medicare

:a government program of medical care especially for the aged

Origin and Etymology of medicare

blend of medical and care


Financial Definition of MEDICARE

Medicare

What It Is

Medicare is the United States federal government health insurance program for Americans who are 65 years of age and older.

How It Works

When a U.S. citizen turns 65 years old, he may be eligible for Medicare benefits if he meets certain criteria. These benefits are intended to cover the costs of healthcare associated with advanced age. Eligible participants can choose from a number of plan options depending on their needs. All Medicare options require that beneficiaries pay an affordable premium as well as co-payments for all covered healthcare services.

Medicare comprises three separate sections that each deal exclusively with different parts of the healthcare system. Part A covers inpatient care and on-going treatments including hospital stays, in-home care, and nursing homes. Part B covers outpatient care and medical equipment needs like office visits, lab tests, x-rays, medications, and wheelchairs. Part C provides eligible participants with a variety of additional services to choose from depending on their needs.

Why It Matters

Medicare provides Americans with affordable healthcare coverage as they get older, often facing both higher healthcare costs and declining incomes.


MEDICARE Defined for English Language Learners

Medicare

noun

Definition of Medicare for English Language Learners

  • : a government program that provides medical care especially for old people


Medical Dictionary

Medicare

noun Medi·care \ ˈmed-i-ˌke(ə)r, -ˌka(ə)r \

medical Definition of Medicare

:a government program of medical care especially for the elderly

Law Dictionary

Medicare

noun Medi·care \ ˈme-di-ˌkar \

legal Definition of Medicare

:a government program of medical care especially for the aged

Learn More about medicare


Seen and Heard

What made you want to look up Medicare? Please tell us where you read or heard it (including the quote, if possible).

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!

WORD OF THE DAY

ditzy

Get Word of the Day daily email!

Test Your Vocabulary

Find the Cousins

  • a-large-tree-with-many-branches
  • Which pair shares a common word ancestor?
Spell It

Can you spell these 10 commonly misspelled words?

TAKE THE QUIZ
Dictionary Devil

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!