Medicare is the federal health insurance program that provides coverage for 65 million Americans aged 65 and older, plus people with certain disabilities and conditions. Understanding how Medicare works is essential for making informed healthcare decisions and avoiding costly mistakes.
This comprehensive guide covers everything you need to know about Medicare in 2025, including enrollment, costs, coverage options, and strategies to maximize your benefits.
The Four Parts of Medicare Explained
Part A: Hospital Insurance
What It Covers:
- Inpatient hospital stays
- Skilled nursing facility care (following a hospital stay)
- Hospice care
- Home health care (limited)
2025 Costs:
- Premium: $0 for most people (if you or spouse paid Medicare taxes for 10+ years)
- Deductible: $1,676 per benefit period
- Hospital coinsurance: Days 61-...