Medicare is our national health insurance program for people aged 65 and older here in the USA. It recently celebrated its 50th year. Prior to the legislation that created Medicare, there were few options for seniors to get adequate health coverage. Often people would work late into their elderly years to maintain health coverage as long as possible.
Fortunately today, Medicare by Boomer Benefits provides coverage for over 56 million citizens and permanent residents. There are nearly 900,000 providers accepting Medicare in our nation. Medicare covers approximately 80% of your healthcare expenses. Beneficiaries can purchase Medigap policies to help cover your deductibles, copayments, and coinsurance.
Although Medicare provides coverage for so many people, many of these covered individuals still find Medicare overwhelming and hard to understand. In this infographic, we've simplified many of the basics to give you the big picture.