Medicare
What is Medicare?
Medicare is an insurance program that is generally for people over the age of 65, but is also available for other people with certain situations (disability, etc.). Medicare helps cover your health costs and saves you money.
What Medicare Covers
Medicare has five main options that offer healthcare benefits to people age 65 and older and people with disabilities and some chronic conditions:
- Medicare Part A provides basic hospitalization coverage.
- Medicare Part B covers outpatient care like doctor’s visits and diagnostic tests.
- Medicare Part C (Medicare Advantage) is a private option that combines Part A and Part B coverage and offers additional benefits.
- Medicare Part D is prescription drug coverage.
- Medicare supplement (Medigap) is private insurance that helps cover out-of-pocket costs like copays, coinsurance, and deductibles.
When it comes to healthcare, it’s important to know what is covered and what isn’t. Because there are so many different plans for Medicare, it can be confusing to know which plan will give you the right coverage. Fortunately, there are some tools that can make it easier for you.
