What Are The Different Parts Of The Medicare Program?

You might know about the different parts of Medicare, but do you know the difference between them? There are several important facts that you must learn about Medicare plans before you enroll in one to get the benefits associated with it. In this blog, we will talk about all the different types of Medicare and how each of them is different from the other. But first, let’s take a look at some of the basic facts associated with Medicare.

Some facts about Medicare

Medicare can be defined as a federal health insurance program that helps pay the beneficiary for a wide variety of health care expenses. The beneficiaries of Medicare are usually senior citizens that are aged 65 or older. However, adults with certain medical conditions such as the likes of Lou Gehrig’s disease or any qualifying permanent disabilities might also be eligible to avail the benefits of Medicare plans in Macon, Georgia, or anywhere else in the world.

Now that you have an idea about Medicare, let’s take a look at the four different parts of the Medicare program.

Medicare part A:
Medicare part A, also known as hospital insurance, tends to cover inpatient hospital care, limited home health care services, limited time in a nursing care facility, and hospice care. Hospital insurance usually doesn’t cover the entire hospital bill, so you would have to be responsible for some part of the cost. Moreover, you are also expected to pay a deductible before you can begin the benefits of this Medicare plan.

Medicare part B:
Medicare part B, also known as medical insurance, covers certain non-hospital medical expenses such as blood tests, X-rays, doctors’ office visits, diabetic screenings and supplies, and outpatient hospital care. You are required to pay a monthly premium for benefiting from this part of Medicare. Just like Medicare part A beneficiaries, beneficiaries of Medicare Part B are also responsible for part of their total health care fees.

Medicare part C:
Medicare part C, also known as Medicare Advantage, is an insurance plan that tends to include every type of Medicare coverage in a single health plan. Typically, it is offered by private insurance companies in order to provide you with Medicare benefits package as an alternative to the original Medicare. It might be optional to enroll in Medicare part C, but it is mandatory to have Original Medicare, Part A and Part B, in order to obtain this private insurance.

Medicare part D:
Medical part D is considered to be optional prescription drug coverage.  It is a stand-alone prescription drug plan that is available through private insurance companies. The monthly fee to this Medicare part tends to vary from insurer to insurer.

These were the 4 main types of Medicare programs that there are. So, if you are looking for the right Medicare plans for yourself, you must get in touch with a licensed advisor and enroll in the appropriate plan.