Introduction to Medicare
The Four Parts of Medicare — What you can expect from Medicare
Medicare has four parts — Part A, Part B, Part C, Part D.
Parts A and B are known as Original Medicare. They cover some, but not all, healthcare expenses.
Part A — Hospital Insurance
Part A covers hospital inpatient care if you are hospitalized. Part A also covers some skilled nursing facility, home
Part B — Medical Insurance
Part B pays for doctors’ services, outpatient hospital
If enrolled in Part B, you must pay a monthly premium, which is typically deducted from your Social Security check. Medicare Part B also has an annual deductible.
NOTE: Some people who have Original Medicare (Parts A & B) choose to purchase a Medicare Supplement policy, also known as a Medigap policy. These policies, sold by private insurance companies, help cover some of the costs not covered by Original Medicare such as deductibles,
Part C — Medicare Advantage
Medicare Part C is the name for Medicare Advantage plans that include Parts A and B
Part D — Prescription Drug Coverage
Help to cover the cost of prescription drugs is provided by Part D. Medicare drug coverage is offered through two types of Medicare-approved private plans. Plans that provide prescription drug coverage only are called Prescription Drug Plans. Medicare Advantage plans that include prescription drug coverage in addition to medical coverage are called Medicare Advantage Prescription Drug Plans. Both of these types of plans may charge a monthly premium.
Help that could reduce or eliminate premiums, deductibles, and/or copayments/coinsurance for prescription drug coverage is available for Medicare beneficiaries with limited income and resources.
For more detailed information about Medicare, view our free Medicare Decision Guide
For information about the Medicare Advantage Prescription Drug plans offered by Optima Medicare HMO, request a free Optima Medicare Enrollment Guide.
Last Updated: 11/8/2017