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Parts of Medicare

Medicare is a federal health insurance program, started in 1966, for United States citizens age 65+ and for people with certain disabilities or end-stage kidney failure. We all pay into this program through our payroll taxes, which makes this a federal benefit that you are entitled to as long as you’ve worked for at least 10 years within the United States. There are 4 parts of Medicare:

Medicare Part A – Hospital Insurance

Medicare Part A is coverage for inpatient hospital coverage. This covers your room and board while you’re an inpatient in the hospital. You can think of an inpatient stay as one where you stay overnight.

For more information, visit this page Medicare Part A.

Medicare Part B – Medical Insurance

Medicare Part B is coverage for outpatient procedures. This covers doctor visits, x-rays, MRIs, preventative check ups, outpatient surgeries, and much more. You can think of outpatient procedures as one where you go in and out in the same day.

For more information, visit this page Medicare Part B.

Medicare Part C – Medicare Advantage

Medicare Part C is an alternative to Original Medicare (Parts A & B) offered by private insurance companies who are required to offer “at least as good of coverage” as you get from Original Medicare. These plans are designed similarly to employer group coverage with deductibles, co-pays, and networks (HMOs vs. PPOs).

For more information, visit this page Medicare Part C

Medicare Part D – Drug Coverage

Medicare Part D is coverage for prescription drugs. These plans are using received as a stand-alone plan alongside a Medicare Supplement or built into a Medicare Advantage plan. Part D plans feature a monthly premium plus co-pays for your medications based on what “Tier” it is.

For more information, visit this page Medicare Part D