Understanding Medicare Parts A to D
Read on for answers to your Medicare questions and help understanding Medicare options!
Parts of Medicare
|COVERS||THE BASICS||YOU SHOULD KNOW|
|Hospital care costs.||Part of Traditional Medicare run by the U.S. government.||It's free at 65 if you or your spouse have worked (and paid taxes) for 10 years.*|
|Outpatient & doctor visits||Part of Traditional Medicare run by the U.S. government.||It's not free. Monthly premiums are set annually. You also might have a co-pay.|
|Hospital & physician costs.||Also known as Medicare Advantage offered by private insurance companies.||Most plans have an out-of-pocket max. They also may cover dental, hearing, and vision costs.|
|Prescription costs.||Can be added to Traditional Medicare (A+B) or Medicare Advantage (C).||Costs will vary depending on the plan you choose and prescriptions you need.|
|Out-of-pocket costs, such as co-pays and deductibles.||Can be added to Traditional Medicare (A+B) but not Medicare Advantage (C).||You can get Medigap later, but you might pay more for services.|
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What to consider …
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*In certain circumstances, you may qualify for Medicare at a younger age than 65.