Medicare has many different parts and all of it can be really confusing. We work with folks everyday that need help understanding Medicare and the way it works for their health and lifestyle.
Medicare Part A - Hospital Insurance
Most people do not pay for Part A
Helps Pay For: Hospital care as an inpatient, critical access hospitals, small facilities that give limited outpatient and inpatient services to people in rural areas, skilled nursing facilities, hospice care and some health care.
Cost: Most people get Part A automatically when they turn 65. They do not have to pay a monthly payment for Part A because they, or a spouse, paid Medicare taxes while they were working.
Part A can be purchased, for those who do not qualify automatically for Part A.
Medicare Part B - Medical Insurance
Most people pay a monthly premium for Part B
Helps Pay For: Doctor visits, outpatient hospital care and services, and some other medical services that Part A does not cover, such as physical and occupational therapists and some home healthcare. Part B helps pay for these covered services and supplies when they are medically necessary, after a yearly deductible has been met.