Medicare Started in 1965
President Lyndon B. Johnson signed the bill that led to Medicare on July 30, 1965.
It was signed into law alongside Medicaid by Johnson as part of the Social Security Amendments of 1965 and was enacted under Title XVIII of the Social Security Act.
At first, Medicare contained only Parts A and B and was for those 65 or older. However, today Medicare contains Part C and D, and more groups are eligible.
Also, while the program began under the Social Security Administration (SSA), it is now administered by the Centers for Medicare and Medicaid Services (CMS).
Citation: CMS’ program history Medicare & Medicaid. CMS.Gov.
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More Facts on Medicare
Since January 1, 2023, Part D plans can’t charge you more than $35 for a one-month supply of Part D-covered insulin. You also don’t have to pay a deductible for your insulin.
Most people are not automatically enrolled in Medicare Part A and Part B and have to sign up during their Initial Enrollment Period. The following are exceptions: If you’re already getting benefits from Social Security or the Railroad Retirement Board (RRB). If you’re under 65 and have a disability. If you have ALS (amyotrophic lateral sclerosis, also called Lou Gehrig’s disease). Meanwhile, Puerto Rico, has special rules for Medicare Enrollment.
Medicare Part A, Part B, and Part D all have late enrollment penalties for not signing up when you first become eligible. However, with Part A, penalties only apply to those who must pay a Part A premium. Please note each late enrollment penalty has its own rules.
Medicare Advantage plans in certain states and counties may include the Medicare Give Back Benefit. When you enroll in a Medicare Advantage plan that offers the Part B Give Back Benefit, the plan’s carrier will reimburse you for a portion of your monthly Part B premium via your Social Security check.