Medicare Part A: Hospital Insurance
This part covers hospital stays, skilled nursing, hospice, and some home health services. Many qualify for premium-free Part A, but deductibles and co-payments may apply.
Medicare Part B: Medical Insurance
It covers doctor visits, outpatient care, preventive services, lab tests, physical therapy, ambulance services, and medical equipment. Part B requires a monthly premium, plus deductibles and coinsurance based on income.
Medicare Part C: Medicare Advantage
Medicare Advantage plans provide an all-in-one alternative to Original Medicare (Parts A and B), often including extra benefits like vision, dental, hearing, and prescription drugs. Costs vary by plan, including premiums, co-pays, and out-of-pocket expenses.
Medicare Part D: Prescription Drug Coverage
It helps cover prescription drug costs and is offered by Medicare-approved private insurers. Part D requires a separate premium unless bundled with a Medicare Advantage plan, plus deductibles and co-pays.
