Medicare is a federal health insurance program for people 65 and older and certain younger people with disabilities and people with End-Stage Renal Disease (ESRD).
Medicare will likely cover you for more years than any other medical plan you have ever had.
MEDICARE PARTS: 4+
Parts A and B are considered Original Medicare. Part A is free and Part B has a monthly premium ($104.90 in 2013) which is either deducted from your Social Security check or paid quarterly if not collecting Social Security.
Part A covers hospital benefits and Part B covers physician services, inpatient and outpatient medical and surgical services and supplies, physical and speech therapy, diagnostic tests and durable medical equipment.
| Official Name | Commonly Called | Cost / Payment |
Coverage Type |
|---|---|---|---|
| Part A | Original | Free | Hospital care |
| Part B | Original | Deducted from SSA check | Medically-necessary and/or preventive services |
| Part C | Advantage | Commercially available | Parts A & B provided by a private insurer |
| Part D | Prescription Drugs | Optional extra with Part C | Prescription drugs |
| Supplement | Medigap | Commercially available | Uncovered expenses, e.g., copayments, coinsurance, and deductibles |
To learn more about Medicare in general, we suggest MedicareMadeClear.com or simply contact us.
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