Business and Personal Finance Unit 4 Chapter 14 © 2007 ... - Quia
Business and Personal Finance Unit 4 Chapter 14 © 2007 ... - Quia
Business and Personal Finance Unit 4 Chapter 14 © 2007 ... - Quia
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Section <strong>14</strong>.2<br />
Private <strong>and</strong> Government Plans<br />
Medicare<br />
a federally funded<br />
health insurance<br />
program available<br />
mainly to people<br />
over 65 <strong>and</strong> to<br />
people with<br />
certain disabilities<br />
Medicare<br />
Perhaps the best-known government program is<br />
Medicare. Medicare has two parts:<br />
• Hospital insurance<br />
• Medical insurance<br />
Hospital insurance is funded by part of the<br />
Social Security payroll tax.<br />
<strong>Business</strong> <strong>and</strong> <strong>Personal</strong> <strong>Finance</strong> <strong>Unit</strong> 4 <strong>Chapter</strong> <strong>14</strong> © <strong>2007</strong> Glencoe/McGraw-Hill<br />
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