Here’s a quick a look at the different parts of Medicare and what each offers.
Part A, Hospital Coverage: Anyone aged 65 or older is eligible for Medicare. Most people will qualify for Part A coverage without having to pay any premium.
Part A covers:
- Medically necessary care requiring an overnight hospital stay
- Follow-up nursing care after a hospital stay
- Hospice care
- Some home health care
Part B, Doctor Coverage: You’ll have to actively enroll in Part B and pay a monthly premium to receive coverage for doctors’ services. If you do not enroll when you first become eligible, you may pay a penalty in order to get this coverage at a later point.
Part B covers medically necessary services that don’t require an overnight hospital stay, such as:
- Doctor’s office visits
- Hospital or clinical care
- Lab tests
- Some screenings
Part C, Medicare Advantage Plans: Medicare Advantage plans provide all of the benefits of Original Medicare (Parts A and B) plus additional benefits, which may include eyeglasses, full hospitalization coverage, chiropractic care, hearing and dental services and prescription drug coverage — often for no additional plan premium.
Part D, Medicare Prescription Drug Coverage: Prescription drug coverage is not included in Original Medicare; therefore, you must enroll separately in Part D to receive drug coverage, unless it’s already part of your Medicare Advantage plan.
To learn more about Medicare, visit medicare.gov.