Does Medicare cover all elderly people?
To understand who is eligible for Medicare, you must first understand that Medicare has two parts to it: hospital insurance and medical insurance.
The hospitalization coverage is given automatically to all who come under Social Security or the Railroad Retirement Act. The medical insurance is a voluntary plan, open to anyone 65 or over. The government pays half-and-half with those who buy the plan so that the cost is one of the lowest for medical insurance.