Navigating the Different Parts of Medicare: Understanding the Coverage and Costs of Part A, B, C, and D
Medicare is a federal health insurance program for people who are 65 or older, people with certain disabilities, and people with end-stage renal disease (ESRD). It is divided into four parts: Part A, Part B, Part C, and Part D.
Part A (Hospital Insurance) covers inpatient hospital care, hospice care, skilled nursing facility care, and some home health care. It is generally considered to be the "core" coverage of Medicare, as it covers the costs associated with hospitalization. Part A is often referred to as "Original Medicare" and is provided at no additional cost to those who have worked and paid into the Medicare system for at least 10 years.
Part B (Medical Insurance) covers preventive care, such as flu shots and screenings, as well as doctor services, diagnostic tests, and some medical equipment and supplies. It also covers some home health care and outpatient care. Part B is optional and comes at an additional cost, usually deducted from the recipient's social security benefits.
Part C (Medicare Advantage) is an alternative way to receive your Medicare benefits. It is offered by private insurance companies that contract with Medicare. Medicare Advantage plans typically include all the benefits of Original Medicare (Part A and Part B) and may also include additional benefits such as vision, hearing, and dental coverage. Medicare Advantage plans are available for an additional premium, and the cost and coverage vary depending on the plan.
Part D (Prescription Drug Coverage) is a separate benefit that helps cover the cost of prescription drugs. It is also offered by private insurance companies that contract with Medicare and is available for an additional premium.
In summary, Part A covers inpatient hospital care and other related services, Part B covers more outpatient doctor services and medical services, Part C is a private insurance plan that covers all of Part A and B and may offer additional benefits. And Part D is the prescription drug coverage.
Dr. Adam Kerr, PT, DPT, CNC.
Kerr Performance Inc.
Instagram: @Kerrperformance1