Each part of medicare is intended to be used for specific medical needs and purposes. Medicare part A is automatically given to a person at age 65.Medicare Part A is hospitalization coverage. This coverage does have a deductible. The amount of the deductible is $1024 per occurrence. Each time you are hospitalized you are responsible for the deductible. If you are hospitalized 4 times in one year’s period you will have 4 deductibles totaling $4, 096.00.
Medicare Part B is for doctor visits on an outpatient basis. It also covers physical, and occupational therapy as well as home health care services, if needed. This coverage has a yearly deductible of $135.00. You are responsible for 20% of the total bill regardless of how much it is.
Medicare Part C can actually help you save a lot of money. It’s called Medicare advantage plans. This part of Medicare has several different plans and various companies that offer similar plans. This plan doesn’t have any deductibles but they do however have a co-pay amount that you are responsible for. One of the built in benefits is that some coverage have a stipulation that could protect you against unlimited co-pay amounts. This part of Medicare allows you to choose a HMO plan that is right for you.
Medicare Part D is the prescription part of Medicare coverage. These plans are usually offered by private companies and can carry a deductible of up to $275.00. Some of these companies will offer you unlimited coverage. This part of Medicare can be added separately or along with part C.