Medicare is

• A. A private health plan administered by employers
• B. A state-run program for low-income residents
• C. A federal health insurance program for individuals over the age of 65 or permanently disabled
• D. An employer-provided retirement plan

Answer: (C)

Medicare is a federal health insurance program for people aged 65 or older, or those who are permanently disabled. It’s run by the federal government and provides coverage nationwide, funded through payroll taxes, premiums, and general revenues. It’s not a private plan run by employers, not a state-run program for low-income residents (that would be Medicaid), and it’s not an employer-provided retirement plan. Medicare includes parts that cover hospital care, medical services, and often prescription drugs (with options for additional plans like Medicare Advantage).