What Is Medicare - more-than-medicare

Medicare Broken Down

What is Part A

Medicare Part A (Hospital Insurance) covers inpatient hospital care, skilled nursing facility, hospice, lab tests, surgery, home health care.

For most people there is no monthly premium for this part. It has a $1408 annual deductible.

What is Part B

Medicare Part B (Medical Insurance) covers doctor and other health care providers' services and outpatient care. Part B also covers durable medical equipment, home health care, and some preventive services.

The standard Part B premium amount in 2020 is $144.60 or higher depending on your income. It has a $198 annual deductible and 20% coinsurance after that.

What is Part C

Medicare Part C (Advantage Plans) combine Part A and Part B in one plan and usually include prescription coverage. They are offered by private companies and can include many ancillary benefits like dental, vision, hearing, over the counter drugs, and transportation.

Most of these plans have no or a very low monthly premium.

What is Part D

Medicare Part D (Prescription Drugs) helps pay for medications prescribed by your doctor.
The cost for these plans varies depending on your prescriptions and what pharmacy you choose.