Understanding Medicare

The Different Parts of Medicare

​

Part A (Hospital Insurance)

• Covers inpatient hospital stays, care in a skilled nursing facility, hospice care, and some home health care.  

• Most people don't pay a premium for Part A if they or their spouse paid Medicare taxes while working.  ​

• Learn more about Part A here. 

​

Part B (Medical Insurance)

• Covers certain doctors' services, outpatient care, medical supplies, and preventive services.

• Most people pay a monthly premium for Part B.  

• Learn more about Part B here. 

​

Part C (Medicare Advantage)

• An alternative to Original Medicare (Parts A and B) offered by private companies approved by Medicare.

• These plans often include additional benefits like vision, hearing, dental, and prescription drug coverage.

• You usually need to have Part A and Part B to join a Medicare Advantage Plan.

• Learn more about Part C here. 

​

Part D (Prescription Drug Coverage)

• Helps cover the cost of prescription drugs.

• These plans are offered by private companies approved by Medicare.

• You usually need to have Part A and/or Part B to join a Part D plan.

• Learn more about Part D here. 

 

Eligibility for Medicare

• You are generally eligible for Medicare if you are:

  • 65 or older

  • Under 65 with certain disabilities

  • Any age with End-Stage Renal Disease (ESRD)

 

Important Considerations

• Medicare doesn't cover everything. You may need to consider supplemental insurance or Medigap policies to cover gaps in coverage.

• Enrollment periods are important. Missing deadlines can result in penalties or delays in coverage.

• You have choices when it comes to Medicare. Compare plans and consider your individual healthcare needs before making a decision.