The word "Medicare" may sound like an old cliché to you, but how much do you really know about this program? A lot of people have this misconception that Medicare means general health insurance but that's not true. Medicare is the federally administered health-care program for people who are 65+, under 65 with End-Stage Renal Disease (ESRD), or under 65 and receiving Social Security Disability Insurance (SSDI).

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