A federal health insurance program for individuals 65 and over, disabled individuals under the age of 65, and those needing kidney transplants or renal dialysis. Consumers contribute to the costs of Medicare through premiums, deductibles and co-payments.
More Common Terms
- Coronary Artery Disease (CAD) A form of heart disease that is characterized by narrowing of the arteries that carry blood to the heart muscle preventing an adequate flow of blood and interrupting the supply of oxygen and other nutrients the heart requires.
- Reverse Mortgage A type of loan where an individual borrows against the value of their home and does not have to pay back the principal until the individual sells the home or leaves the home permanently.
- Chronic Obstructive Pulmonary Disease (COPD) A group of chronic disorders that restrict flow of air into and out of the lungs. Disorder examples include asthma, bronchitis, and emphysema.