Medicare is a federal program managed by the Social Security Administration that provides health insurance coverage. Entitled populations include elderly people 65 and older, individuals with permanent kidney failure requiring transplant or dialysis, or disabled younger people who have met eligibility criteria. Medicare is divided into two main parts, Part A, which provides hospital coverage, hospice care, or skilled nursing care, and Part B, used for other expenses related to medical care and is subject to a monthly premium. Part C, offered through subcontracted private companies that administer both Part A and B, is also known as a Medicare Advantage Plan. Medicare has also expanded to include prescription drug coverage through Part D, which like Part C, is also implemented by private companies.
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