Most Americans will qualify for Medicare when they turn age 65. Parts A&B are provided by the US Federal Government. Parts C&D are private health plans offered by insurance companies. Below is a short description of each. For a more detailed explanation, click here to download the Medicare and you book.
|Part||What it Covers||Notes|
|If you or your spouse paid into Medicare |
for at least 10 Years, Part A is provided
at no cost to you. Part A has an annual
deductible for each service and days of use.
|Part B has a Monthly Premium. Most |
Americans will pay $170.10 per month
for Part B in 2022. High income members
may pay more. Part B requires that you pay
a $233 annual deductible and 20% for services.
A,B & D
into one easy to use plan.
|Also know as a Medicare Advantage Plan (MA). |
Medicare Advantage plans can include Part D (MAPD).
MA and MAPD plans Cost as little as $0/month.
Many include Dental, Vision, and Hearing benefits.
|D||Prescription Drugs||Part D Plans cover your prescription costs with an additional monthly premium. Most have copays and deductibles.|
In addition to the 4 parts above Private insurance companies offer Supplement Plans (Medi-Gap). Supplements are regulated by the Center for Medicare & Medicaid Services and are the same coverage across all private insurance companies. Supplements are know by a letter like F,N,G. The purpose of a supplement is to pay for expenses that Part A and B do not pay for.
When you enroll in medicare you will have the ability to purchase a Medicare Advantage plan or a supplement with Part D.