Medicare Part A helps to pay expenses for: inpatient care in a hospital, critical access hospital, inpatient rehabilitation facility and long term care hospital, inpatient care in a skilled nursing facility (not custodial or long-term care), hospice care services, home health care services and inpatient care in a religious nonmedical care institution. There is a deductible for inpatient care ($1,068.00 in 2010 for the 1st hospital stay in the year) and coverage for rehabilitation and nursing home expenses are limited.
Medicare Part B helps to pay for medically necessary services such as doctors’ services, outpatient care, home health care services, other medical services and some preventive services. There is a monthly premium for Part B and a yearly deductible (146.00 in 2010). After the deductible you will pay 20% of the approved amount for Part B medical services.
Medicare Part C refers to Medicare Advantage Plans such as, but not limited to, HMOs, PPOs, SNPs and MSAs. If you choose a Medical Advantage Plan, you will need to pay the Part B premium and possibly, a premium to the provider of the Medicare Advantage Plan that you choose. Costs and benefits depend on your choice of provider. Medicare Advantage Plans must follow rules set by Medicare and are subsidized by Medicare.
Medicare Part D covers prescription costs. Benefits are limited and are provided by an insurance company in return for a premium. Does Medicare Pay For Any Portion Of The Cost Of Care for Prescriptions? Yes and no! The government allows insurance providers to offer limited coverage for prescriptions.