PARTS OF ORIGINAL MEDICARE
The main elements of Original Medicare are:
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PART A: (Hospital)
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PART B: (Medical Insurance)
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Part D: (Prescription Drug Coverage)
THE PARTS OF ORIGINAL MEDICARE EXPLAINED
MEDICARE PART A
(HOSPITAL COVERAGE)
PART A: most people are automatically enrolled in Medicare Part A when you turn 65. It is important to verify your enrollment on SSA.gov.
COVERAGE: Part A covers all associated costs but $1,600 of each hospital stay.
MEDICARE PART B
(DOCTOR COVERAGE)
PART B: you must enroll in Part B within three months before or after your 65th birthday month.
COVERAGE: Part B covers 80% of all in-network primary care and specialist doctors visits after deductible.
MEDICARE PART D
(DRUG COVERAGE)
PART D: Helps cover the cost of prescription drugs (including many recommended shots or vaccines).
You join a Medicare drug plan in addition to Original Medicare or you get it by joining a Medicare Advantage Plan with drug coverage.
Plans that offer Medicare drug coverage are run by private insurance companies that follow rules set by Medicare.
COVERAGE: Part D plans use a formulary to determine prescription drug coverage. Choose a plan that fits your individual needs.
MEDICARE PART C (ADVANTAGE PLANS)
PART C: is Medicare Advantage plans. Medicare Advantage plans replace Original Medicare and usually work like an HMO.
*NOTE: You are still required to be enrolled in a Medicare Part A and Part B Plan in addition to your chosen Advantage Plan despite the fact your Advantage Plan will assume coverage of both doctor and hospital visits.
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