What is the Definition of Medicare?

What is the Definition of Medicare?

Federal program for people 65 or older that pays part of the costs associated with hospitalization, surgery, doctors’ bills, home health care and skilled nursing care.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Annuity?

What is the Definition of Medicare?

What is the Definition of Medicare?

You can find random definition and meaning of insurance terms below:


Meaning of Bond Rating in Insurance Terms

An evaluation of a bond’s financial strength, conducted by such major ratings agencies as Standard & Poor’s and Moody’s Investors Service.


Meaning of Book Of Business in Insurance Terms

Total amount of insurance on an insurer’s books at a particular point in time.


Meaning of Broker in Insurance Terms

An intermediary between a customer and an insurance company. Brokers typically search the market for coverage appropriate to their clients. They work on commission and usually sell commercial, not personal, insurance. In life insurance, agents must be licensed as securities brokers/dealers to sell variable annuities, which are similar to stock  market-based investments.


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