What is Medicare?
In most cases, Medicare is the federal health insurance program for people
who are 65 or older, certain disabled people under 65 years of age.
Part A - Hospital Insurance
You are automatically enrolled in Part A when you apply for Social Security
benefits, usually upon reaching 65 years of age. Part A covers inpatient
care in a hospital or a limited stay in a skilled nursing facility.
Part B - Medical Insurance
Part B covers certain doctor’s services, outpatient care, medical
supplies and preventative services. . Part B has a monthly premium that
is deducted from your Social Security benefit check.
Part C - Medicare Advantage
A type of Medicare health plan offered by a private insurance company that
contract with Medicare to provide you with all your Part A and B benefits.
If you’re enrolled in a Medicare Advantage Plan, most Medicare services
are covered through the plan and aren’t paid for under Original
Medicare. Most Medicare Advantage plans offer prescription drug coverage.
Part D - Prescription Coverage
Part D coverage is not automatic -- it’s available through private
insurance companies that have contracts with Medicare. You can get through
a stand-alone Part D plan or through a Medicare Advantage plan.