Which program provides health coverage for seniors?

Which program provides health coverage for seniors?

• A. OASDI
• B. FICA
• C. Social Security
• D. Medicare

Answer: (D)

Medicare is the health coverage program for seniors. It’s a federal health insurance program designed for people 65 and older, and it also covers some younger individuals with disabilities or certain medical conditions. Medicare helps pay for hospital stays and many medical services, with parts that cover different aspects: Part A for hospital care, Part B for outpatient medical services, Part C (Medicare Advantage) as an optional managed care plan, and Part D for prescription drugs. It’s funded through a combination of payroll taxes (the FICA tax), premiums, and other revenue. The other options relate to retirement or disability benefits or the taxes that fund those programs, but they aren’t health insurance programs themselves. So the correct program for seniors’ health coverage is Medicare.

Medicare is the health coverage program for seniors. It’s a federal health insurance program designed for people 65 and older, and it also covers some younger individuals with disabilities or certain medical conditions. Medicare helps pay for hospital stays and many medical services, with parts that cover different aspects: Part A for hospital care, Part B for outpatient medical services, Part C (Medicare Advantage) as an optional managed care plan, and Part D for prescription drugs. It’s funded through a combination of payroll taxes (the FICA tax), premiums, and other revenue. The other options relate to retirement or disability benefits or the taxes that fund those programs, but they aren’t health insurance programs themselves. So the correct program for seniors’ health coverage is Medicare.