Medicare Overview

What is Medicare?

Medicare is health insurance for people age 65 or older, under age 65 with certain disabilities, and any age with End-Stage Renal Disease (ESRD) (permanent kidney failure requiring dialysis or a kidney transplant).

The Different Parts of Medicare

The different parts of Medicare help cover specific services if you meet certain conditions. Medicare has the following parts:

Medicare Part A (Hospital Insurance)

  • Helps cover inpatient care in hospitals
  • Helps cover skilled nursing facility, hospice, and home health care

Medicare Part B (Medical Insurance)

  • Helps cover doctors and other health care providers
  • Outpatient Care
  • Home health care
  • Durable medical equipment
  • Some preventive services

Medicare Part C (Medicare Advantage Plans) (like an HMO or PPO)

  • Includes all benefits and services covered under Part A and Part B
  • Usually includes Medicare prescription drug coverage (Part D) as a part of the plan
  • Run by Medicare-approved private insurance companies
  • May include extra benefits and services for an extra cost

Medicare Part D (Prescription Drug Coverage)

  • Helps cover the cost of prescription drugs
  • Run by Medicare-approved private insurance companies
  • May help lower your prescription drug costs and help protect against higher costs in the future

For more information about Medicare, please visit www.medicare.gov

Source: Medicare and You 2015