What do the Parts of Medicare Cover?

If you’re a senior who is curious about what Medicare covers or if you want to know how it works, we’re here to help you gain a good understanding of each part so you can choose which one suits you and your needs.

Coverage with Part A

There are many reasons why seniors need to know about what Medicare Part A covers because having an understanding of this could prevent them from making costly mistakes with their healthcare decisions. In fact, once you become eligible to enroll in Medicare, you will either be automatically enrolled in Original Medicare, which consists of Medicare Parts A and B, or you will have to manually enroll during your Initial Enrollment Period.

Part A pays for inpatient hospital stays, skilled nursing facility care, hospice care, and some home health services. 

Coverage with Part B

Medicare Part B covers many of the costs for outpatient medical care, medically necessary services, preventative services, durable medical equipment, ambulance services, and mental health services. 

Once you’re enrolled in both parts of Original Medicare, you can choose to enroll in what’s known as Medicare Supplements (Medigap), which are individual insurance policies issued by private carriers. These particular plans will help lower the out-of-pocket costs you have with Parts A and B since they do not cover everything, such as deductibles or coinsurance.

Coverage with Part C

Part C, also known as Medicare Advantage, is another option you can join once you’re enrolled in Original Medicare. These are also individual insurance policies issued by private carriers that will provide you with the same coverage as Original Medicare and include additional benefits, like dental, hearing, vision, and prescription drug coverage. Keep in mind, however, that you cannot have a Medicare Advantage plan and Medicare Supplement plan at the same time.

Coverage with Part D

Medicare Part D is a prescription drug coverage plan that helps seniors pay for the cost of their prescriptions. They are individual insurance policies issued by private carriers. The program covers many types of drugs, including brand-name and generic prescriptions. To qualify, a person must be enrolled in Medicare Part A and/or Part B.

For those with low incomes who qualify for government assistance, they can apply for Extra Help from the government to help cover costs under this plan.

Give Us A Call Today

At Dale Frank Financial Group, we understand how important it is that you have the proper healthcare coverage available to you. That’s why if you need help learning more about the different parts of Medicare, we’re here to help. Give us a call today for more information!

*Disclosure: Do keep in mind that Dale Frank Financial offers insurance products, but is not affiliated with Medicare or the U.S. government. Insurance product guarantees are backed by the financial strength and claims-paying ability of the issuing company.