EXPLORE YOUR
MEDICARE OPTIONS

Medicare Part A is a key component of the U.S. federal health insurance program, primarily covering inpatient hospital care, skilled nursing facility care, hospice care, and some home health care. It's often referred to as "hospital insurance" and is typically premium-free for those who have paid Medicare taxes for at least 10 years. Most people are automatically enrolled in Part A at age 65 if they're receiving Social Security benefits. While there's usually no premium, patients may still be responsible for deductibles, coinsurance, or copayments, and there are limits on coverage duration for certain services.

Medicare Part B covers medical services and supplies needed for the diagnosis or treatment of health conditions. This includes outpatient care, preventive services, medical equipment, and some doctor services. Unlike Part A, Part B typically requires a monthly premium. Most beneficiaries enroll in Part B when they become eligible, though some may delay if they have other coverage. Part B also involves cost-sharing, with beneficiaries responsible for a deductible and usually 20% of the Medicare-approved amount for covered services.

Medicare Part C plans combine coverage for hospital care, medical services, and often prescription drugs into one plan. These plans must cover all services that Original Medicare covers, but may offer additional benefits like dental, vision, or hearing care. Part C plans often have network restrictions and different cost structures than Original Medicare. Beneficiaries who choose Part C still pay their Part B premium. These plans can provide more comprehensive coverage, but the specifics vary by plan and location.

Medicare Part D is an optional program that helps cover the cost of prescription medications. It's offered by private insurance companies approved by Medicare, either as a standalone plan or as part of a Medicare Advantage plan. Part D plans vary in terms of covered drugs, costs, and pharmacy networks. Beneficiaries typically pay a monthly premium, annual deductible, and copayments or coinsurance for their medications. Part D can significantly reduce out-of-pocket costs for prescription medications for many Medicare recipients.