What is Medicare?
Medicare is health insurance for the following:
- · People 65 or older
- · People under 65 with certain disabilities
- · People of any age with End-Stage Renal Disease (ESRD) (permanent kidney failure requiring dialysis or a kidney transplant)
The Different Parts of Medicare
The different parts of Medicare help cover specific services:
Medicare Part A (Hospital Insurance)
Medicare Part B (Medical Insurance)
- § Helps cover doctors' and other health care providers' services, outpatient care, durable medical equipment, and home health care
- § Helps cover some preventive services to help maintain your health and to keep certain illnesses from getting worse
Medicare Part C (also known as Medicare Advantage)
- § Offers health plan options run by Medicare-approved private insurance companies
- § Medicare Advantage Plans are a way to get the benefits and services covered under Part A and Part B
- § Most Medicare Advantage Plans cover Medicare prescription drug coverage (Part D)
- § Some Medicare Advantage Plans may include extra benefits for an extra cost
Medicare Part D (Medicare Prescription Drug Coverage)
- § Helps cover the cost of prescription drugs
