Medicare Explained

Medicare is a federal health insurance program that serves as affordable health insurance for seniors 65 and older and those under 65 with qualifying disabilities.

Medicare is composed of multiple parts. It can be confusing to navigate the different parts, supplement plans, and enrollment periods, but that’s why we are here to help. See our overview below to learn more.

Medicare Parts

There are four different parts of Medicare: Parts A, B, C, and D. Each part focuses on different coverage.

Part A: Hospital coverage

Part A is automatically included in Medicare enrollment. This means that people enrolled in Medicare aren’t expected to pay for Part A. Part A only covers costs associated with hospital stays, so while it covers major costs, it does not cover everything.

Part B: Outpatient/Preventive coverage

Part B covers outpatient and preventive services such as doctor’s office visits. Part B does have a monthly premium. The monthly premium depends on your income. People with incomes below a certain limit pay less per month for Part B.

Part C: Medicare Advantage plans

Part C is another way of referring to Medicare Advantage plans. These plans are offered by private insurers. Some people choose these plans as they may offer dental, vision, and hearing coverage. The costs of these plans depend on the insurer.

Part D: Drug coverage

Parts A and B do not come with prescription drug coverage, but you can enroll in a separate Part D plan. Part D covers prescription drug costs.

Medicare Supplement Plans

Medicare Supplement plans help pay for the costs that Medicare does not cover. These are offered for an additional monthly premium.

Have Medicare Questions?
We Can Help!

If all of the above sounds confusing, that’s ok. We’re here to help guide you through Medicare. When you’re unsure of which direction to go, we will be your Medicare GPS, guiding you to the best Medicare coverage possible! Call us today.