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Social Security and Medicare: Know the Difference

Many believe Social Security and Medicare are one-in-the-same and that could not be farther from the truth.

 

Jack Myers with Social Security says this is a general idea they find in the public often and officials are trying to set things straight. Myers points out Social Security deals with benefits regarding death, disability and retirement while Medicare is the national health insurance program for individuals 65-years-old and older.

 

 

There are several aspects of Medicare. Myers indicates the fundamental components of Medicare are original Medicare and then Medicare Advantage. Original Medicare contains the commonly known Part A, B, C, and D.

 

The enrollment for Medicare Part D will be coming starting October 15. That enrollment period will last until December 7. You can get more information by visiting medicare.gov. 

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