What Are The 4 Parts Of Medicare?





Medicare is America’s Health Insurance program that covers people at age 65 or older. Some especial cases on younger people could get them covered with Medicare too. This program is financed by payroll taxes paid by workers and employers, and monthly premiums deducted from Social Security checks.

However, this program is not as complete as you’d wish; they only cover part of medical costs. So, what are the 4 parts of Medicare?

Part A – Hospital Insurance:

Helps you pay hospital bills, nursing assistance, or home health care. You get automatic coverage from Medicare’s Part A when you turn 65 years old, it doesn’t matter if you’re still working. The problem with Part A is that you are responsible for deductibles and copayments.

Part B – Medical Insurance:

The purpose of Part B is to provide you with medical coverage by paying doctor visits, ambulance service, laboratory tests and X-rays, the use of medical equipment and supplies when they’re needed, and some home health care. This part of Medicare is not automatic; you need to sign up for this coverage, and pay a monthly premium as well as a yearly deductible.

Part C – Medicare Advantage:

Advantage Plans will add more benefits than the regular coverage of Medicare Part A and Part B. You can choose from a PPO (Preferred Provider Organization), HMO (Health Maintenance Organization), or PFFS (Private Fee For Service). You can pick up the best option for your health plan. You can save some money with Part C since costs are lower than Medicare alone.

Part D – Prescription Drug Coverage:

The newest addition to Medicare helps you get coverage for prescription drugs. You need to apply for Part D of Medicare, and then choose the plan that best suits you, and then, pay a monthly premium for this service. The best part of the prescription drug coverage is that you can lower your costs, and get protected against higher costs in the future.

So, if you were wondering what are the 4 parts of Medicare? Now that you now the answer to you’re ready to get the best coverage for you and your loved ones.



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