Every year, Medicare evolves in one way or another. While the nuts and bolts of your insurance might change year over year, the overall structure of Medicare remains largely the same unless a sweeping change is made to the entire system. Let’s explore the basic parts of Medicare and how they interact with one another!

Medicare Part A – Hospital Insurance

Medicare Part A covers anything related to inpatient care. This includes hospital stays, skilled nursing facility care, hospice care, and home health care. Medicare Part A is included in Original Medicare, meaning that if you are enrolled on time you receive coverage for inpatient care!

Medicare Part B – Medical Insurance

Medicare Part B covers medical expenses such as doctor’s visits, durable medical equipment, preventive services, and outpatient care. If you are going somewhere to receive a service and you aren’t staying there, chances are it’s outpatient care! Medicare Part B is also under Original Medicare.

Medicare Part C – Medicare Advantage

Sometimes referred to as Part C, Medicare Advantage plans are insurance provided by private companies. Medicare Advantage provides additional coverage that may not be provided by Original Medicare, depending on your area and available plans.

Medicare Part D –  Drug Coverage

Medicare Part D provides coverage for prescription drugs. Upon joining Original Medicare you also receive coverage for Part D, but you can also get different coverage by joining a Medicare Advantage plan from a private healthcare company (such as United Healthcare or Humana).

Medicare Supplemental Insurance (Medigap)

Medigap is extra insurance you can purchase from a private company that helps you pay the premiums of Original Medicare. These policies are often denoted by letters such as Plan G or Plan K, and vary in amount of coverage from plan to plan.

To learn more about the parts of Medicare and how they each affect your coverage, feel free to give us a call. We are happy to help!

Source: https://www.medicare.gov/basics/get-started-with-medicare/medicare-basics/parts-of-medicare

A non-government entity. Not affiliated with or endorsed by any government agency. We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options.

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