Medicare in the United States

GPTKB entity

Statements (85)
Predicate Object
gptkbp:instanceOf Medicaid program
gptkbp:administeredBy gptkb:Centers_for_Medicare_&_Medicaid_Services
gptkbp:age 65
gptkbp:annualSpending over $900 billion (2022)
gptkbp:country gptkb:United_States
gptkbp:enrollment over 65 million people (2023)
gptkbp:established 1965
gptkbp:establishedBy gptkb:Social_Security_Amendments_of_1965
gptkbp:fundedBy premiums
general revenues
payroll taxes
https://www.w3.org/2000/01/rdf-schema#label Medicare in the United States
gptkbp:initialEnrollmentPeriod 7 months around 65th birthday
gptkbp:Medicare_Card proof of Medicare coverage
gptkbp:Medicare_does_not_cover gptkb:physician
gptkb:acupuncture
eye exams for prescription glasses
hearing aids
most dental care
long-term custodial care
routine foot care
gptkbp:Medicare_is_a social insurance
entitlement program
fee-for-service program (Original Medicare)
major component of U.S. federal budget
publicly funded program
single-payer system for eligible individuals
subject of cost control measures
subject of fraud prevention efforts
subject of ongoing policy debate
subject of proposed reforms
gptkbp:Medicare_is_subject_to gptkb:United_States_federal_law
state regulation (for some aspects)
gptkbp:Medicare_Part_A_covers home health care
hospice care
hospital insurance
inpatient hospital care
skilled nursing facility care
gptkbp:Medicare_Part_A_is premium-free for most beneficiaries
financed by payroll taxes
mandatory for eligible individuals
gptkbp:Medicare_Part_B_covers outpatient care
medical supplies
medical insurance
preventive services
doctor services
gptkbp:Medicare_Part_B_is voluntary
financed by premiums and general revenues
requires monthly premium
gptkbp:Medicare_Part_C_covers Medicare Advantage plans
gptkbp:Medicare_Part_C_is voluntary
also called Medicare Advantage
financed by Medicare payments to private plans
offered by private insurers
gptkbp:Medicare_Part_C_may_cover gptkb:DVD
gptkb:judge
prescription drugs
wellness programs
dental
gptkbp:Medicare_Part_D_covers outpatient prescription drugs
prescription drug coverage
gptkbp:Medicare_Part_D_is voluntary
financed by premiums and general revenues
offered by private insurers
requires monthly premium
gptkbp:Medicare_Trust_Funds gptkb:Hospital_Insurance_Trust_Fund
gptkb:Supplementary_Medical_Insurance_Trust_Fund
gptkbp:Medicare_Trustees_Report annual report on program finances
gptkbp:Medigap supplemental insurance to cover out-of-pocket costs
gptkbp:Medigap_is offered by private insurers
gptkbp:openEnrollmentPeriod October 15 to December 7
gptkbp:part_of gptkb:Medicare_Part_C
gptkb:Medicare_Part_B
Medicare Part D
gptkbp:penalty applies to Part B and Part D
gptkbp:relatedTo Social Security
Medicaid in the United States
gptkbp:signedBy gptkb:Lyndon_B._Johnson
gptkbp:targetAudience certain younger people with disabilities
people aged 65 and older
people with End-Stage Renal Disease
people with Amyotrophic Lateral Sclerosis
gptkbp:website https://www.medicare.gov/
gptkbp:bfsParent gptkb:individuals_with_End-Stage_Renal_Disease_(with_some_exceptions)
gptkbp:bfsLayer 8