Did you know that there are a total of 50.7 million medicare beneficiaries, as of 2012? Medicare is a social insurance service available to individuals 64 or older who are eligible for social security payments. The average benefit per enrollee is about $12,000.

The Patient Protection and Affordable Care Act of 2010, among other things, made changes to the Medicare program, which has in many cases resulted in lowered prices. Are you new to Medicare and not sure where your options lie? Here are three basic facts for sorting it all out.

1. What is the Difference Between Medicare and Medicaid?

Although they are similar terms and were both enacted in 1965, these are different things. Medicare is for se Continue reading →