Medicare:
Medicare is a federal health insurance program primarily for individuals 65 and older, as well as certain younger people with disabilities. It consists of four parts:
- Part A (Hospital Insurance): Covers inpatient hospital stays, skilled nursing facility care, hospice care, and some home health care. Most people don't pay a premium for Part A if they or their spouse paid Medicare taxes while working.
- Part B (Medical Insurance): Covers doctor's visits, outpatient care, medical supplies,
and preventive services. Most people pay a monthly premium for Part B.
- Part C (Medicare Advantage): Offered by private companies approved by Medicare,these plans provide Part A and Part B benefits, and often additional benefits like prescription drug coverage and dental or vision care. You pay a monthly premium to the private insurance company.
- Part D (Prescription Drug Coverage): Offered by private companies approved by Medicare, these plans help cover the cost of prescription drugs. You pay a monthly premium to the private insurance company.
Medicare is a complex program, and it's important to understand the different parts and coverage options to make informed decisions about your healthcare. You can get more information from the official Medicare website or by speaking with a Medicare representative.
