Although Medicare is generally better than regular Health Insurance, It does have gaps or holes. One example, Original Medicare does not have an out of pocket maximum limit. Which means your potential hospital bills could be huge. The Government is aware of this and has ways to fill in these holes with Medicare Advantage plans and Medicare Supplement plans.
What is Part A?
Part Ais your Hospital Insurance, this helps pay for inpatient hospital stays, skilled nursing facility care, hospice care, and some in home health care.
What is Part B?
Part B is your optional medical insurance that helps pay for covered medical services and supplies. Part B covers services like doctors’ visits, outpatient care, and some preventive services.
What is Part C?
Part C is also known as Medicare Advantage, is an alternative to traditional Medicare Parts A and B. It is a private health insurance plan that combines the benefits of Parts A (hospital insurance) and B (medical insurance) and may also include prescription drug coverage (Part D).
What is Part D?
Part D is the part of Medicare that helps with prescription drug costs.
