Which government program provides healthcare coverage for individuals aged 65 and older?

The correct answer is Medicare, which is a federal health insurance program specifically designed to provide healthcare coverage to individuals aged 65 and older, as well as certain younger people with disabilities or specific medical conditions. Medicare consists of different parts that cover various healthcare services, including hospital care, outpatient care, and prescription drugs. This program plays a crucial role in ensuring that older adults have access to necessary medical care as they age.

On the other hand, Medicaid is a state and federal program that assists low-income individuals and families with healthcare costs, but it is not specifically tailored to those aged 65 and older. Social Security provides financial assistance and benefits to retirees, people with disabilities, and survivors, but it is not a healthcare program. CHIP, or the Children's Health Insurance Program, offers health coverage to eligible children in low-income families, which does not pertain to the elderly population. These distinctions are essential for understanding the specific roles and target populations of each program.