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Medicare

Updates to Medicare Part B

Medicare is an area that needs to be kept up on. Potential issues are not likely to go away any time soon. Let’s be honest, no one expects health costs to go down in the near future. So with that said… how does it affect us?

The Cost of Medicare Part B

Medicare started in mid 1965 when President Lyndon B. Johnson signed legislation which introduced healthcare coverage for seniors (age 65 and older). During that first year, 19 million individuals signed up for Medicare. In 2015, 55.5 million people received health coverage through a Medicare program.

Medicare has several subsets that makes up the whole:

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