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Fortune
Fortune
Margie Zable Fisher

Who is eligible for Medicare?

(Credit: Getty Images)

Medicare is federal health insurance for people 65 and older, as well as some individuals under 65 with disabilities or specific conditions.

Medicare has several parts that provide different types of coverage. Part A covers hospitals, skilled nursing facilities, and hospice; Part B covers doctor visits, lab tests, and medical equipment; and Part D covers prescription drugs. Medicare Part C, also known as Medicare Advantage, is actually an alternative insurance to Medicare offered by private insurers.

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