HR Glossary

What is Medicare?

The US federal health insurance program primarily serving people aged 65 and older, funded through payroll taxes (FICA) that employers must withhold and match for all employees regardless of age.

Why it matters in hiring

Medicare comes up whenever teams compare candidates, set policy or report on people data. Getting the definition right keeps decisions consistent, which is the same reason springhire scores every applicant against the same criteria rather than on impression.

Related terms starting with M

• Market Rate
• Maternity Benefit Act
• Meal Vouchers
• Medicare (Australia)
• Medicare Tax
• MediShield Life (Singapore)
• Mentoring
• Merit Increase

Part of the springhire HR glossary, 1,150+ HR, payroll and recruiting terms defined. Free, no signup.