The Differences Between Medicare A, B, C and D
Navigating health insurance options at different phases of life is no easy feat. Medicare has different parts, paperwork, and deadlines, so it’s no wonder many people feel overwhelmed. Choice City Health is here to assist you. We can guide you through signing up and finding the right Medicare plan in Colorado. That way you can relax and know you’re taken care of.
Medicare is a federal health insurance program that provides benefits for those older than 65, under age 65 with certain disabilities, and people of all ages with end-stage renal disease (ESRD), permanent kidney failure requiring dialysis, or a kidney transplant.
Within the broad category of Medicare, there are parts A, B, C and D. Let’s break down the differences among each part:
Medicare Part A – Hospital Insurance
Medicare Part A, or hospital insurance, includes inpatient care in a hospital or skilled nursing facility following a hospital stay. It includes home health care services and hospice care services during the end-of-life phase. There are deductibles and out of pocket expenses associated with Medicare Part A. Most people do not pay a monthly premium for Part A
Medicare Part B – Medical Insurance
Medicare Part B, or medical insurance, covers doctor’s services, such as outpatient care, home health, and some preventative services. This part has deductibles and co-insurance and most people will have to pay a monthly premium. In 2019 the standard premium is $135.50. We are here to go over your situation and discuss Medicare premiums specifically related to you.
Medicare Part C – Medicare Advantage
Medicare Part C, also known as Medicare Advantage, is offered by private insurance companies approved by and under contract with Medicare. It includes all services offered by Parts A and B and many times includes drug coverage (see Part D). Part C may require extra premium payment in addition to your Part B premium.
Medicare Part D – Drug Coverage
Medicare Part D, drug coverage, is offered by private companies by and under contract with Medicare. This plan is to help lower the costs of prescription medication and may help protect against high drug costs in the future. This part is available to everyone with Medicare.
If you are navigating the Medicare realm for the first time, don’t go it alone. Here at Choice City Health we can go over your questions. We don’t charge any fees and are paid directly by the insurance carriers we represent. Contact us at 970-407-9399 today.