What are the different parts of Medicare?
There are 4 parts of Medicare: Part A: Hospital Insurance Every American who qualifies for Medicare or is over 65 years old is eligible for Part A. Part A provides coverage for among other things, inpatient hospital and skilled nursing facility care. Once you are enrolled, your benefits are automatic – usually for no monthly plan premium. However, many of these benefits carry a deductible and coinsurance that the government sets annually. Part B: Medical Insurance Part B is optional and primarily covers provider services, outpatient hospital care and more, for a low monthly premium that changes from year to year. However, these programs nearly always carry a deductible and coinsurance. The standard monthly Part B premium is $96.40. Part C: Medicare Advantage Plans Part C, usually referred to as Medicare Advantage Plans, are health plan options (like HMOs and PPOs) approved by Medicare and run by private companies. These plans cover ALL Medicare Part A and Part B benefits. These plans m
There are 4 parts of Medicare: Part A: Hospital Insurance Every American who qualifies for Medicare or is over 65 years old is eligible for Part A. Part A Medicare provides coverage for inpatient hospital, skilled nursing facility care and more. Once you are enrolled, your benefits are automatic – usually for no monthly plan premium. However, many of these benefits carry a deductible and coinsurance that are set annually by the government. Part B: Medical Insurance Part B is optional and primarily covers provider services, outpatient hospital care and more, for a low monthly premium that changes from year to year. However, these programs nearly always carry a deductible and coinsurance. Most people will pay the standard monthly Part B premium. However, effective January 1, 2007 some people will have to pay a higher premium because of their yearly income ($82,000 for singles, $164,000 for married couples). For more information on Part B premiums based on income, call Social Security at
Part A Hospital Insurance – Most people do not pay a premium for Part A because they or a spouse already paid for it through their payroll taxes while working. Medicare Part A (Hospital Insurance) helps cover inpatient care in hospitals, including critical access hospitals, and skilled nursing facilities (not custodial or long-term care). It also helps cover hospice care and some home health care. Beneficiaries must meet certain conditions to get these benefits. Part B Medical Insurance – Most people pay a monthly premium for Part B. Medicare Part B (Medical Insurance) helps cover doctors’ services and outpatient care. It also covers some other medical services that Part A does not cover, such as some of the services of physical and occupational therapists, and some home health care. Part B helps pay for these covered services and supplies when they are medically necessary. Prescription Drug Coverage – Most people will pay a monthly premium for this coverage. Starting January 1, 2006,
Related Questions
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- Are there different health care systems Medicare beneficiaries can use to get their Medicare benefits?
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