Medicare At A Glance

Medicare is a national health insurance program for people 65 or older. You may be eligible to get Medicare earlier if you have a disability or end-stage renal disease. Each year, you can choose which way you get your health coverage (and add or switch drug coverage). It’s important to understand your coverage options and compare the different choices, so you can make an informed decision that’s right for you.

There are many choices when it comes to picking a Medicare plan that works for you. See below to get a high level summary of Part A, Part B, Medicare Advantage (Part C), and Part D. You’ll see information such as what the plan covers, what it costs, and how to enroll.

Part A:
Hospital Insurance
Part B:
Medical Insurance
Part C:
Medicare Advantage Plan
Part D:
Prescription Drug Coverage
How to EnrollOriginal Medicare or any Medicare Advantage PlanOriginal Medicare or any Medicare Advantage PlanFrom a private company that contracts with Medicare. Medicare drug plan or Medicare Advantage Plan with drug coverage.
What it CoversInpatient care in a hospital setting or a skilled nursing facility.

Nursing home care that is not custodial or long-term.

Hospice care and some home health care.
Medical necessary services such as ambulance, doctor’s services, medical supplies, ect.

Preventive services such as screenings for HIV, diabetes, cancer, etc.
All Part A and Part B benefits covered, and usually Part D benefits.

Usually covers extra benefits such as vision dental, hearing, etc.
standard coverage includes generic and name-brand drugs. specific drug coverage varies by plan; see the plan’s “formulary.”

Includes many recommended shots and vaccines.
What it CostsFree to most people. Those who do not qualify for free coverage can pay monthly. A monthly premium depending on income level.Monthly Premium varies depending on the plan you selected. Part C typically has lower out-of-pocket costsPlans vary in cost.
*Information based on average individual, specific coverage availability may vary.

Check out the Medicare & You 2024 Handbook for more information, or Book Your Consultation Now.