Understanding The Parts Of Medicare

This is hospital insurance that helps pay for things like inpatient hospital stays, skilled nursing care, hospice, and limited home health care.

This is medical insurance that helps pay for doctor’s visits, outpatient procedures, diagnostic tests, medical supplies, and preventive services including certain screenings.

This is private insurance, known as Medicare Advantage. These plans act as primary insurance instead of Original Medicare and cover the same Part B benefits as Original Medicare.

This helps pay for prescription drugs. Each drug plan has a formulary that lists generic and brand-name drugs covered by the plan. Each drug is assigned a tier, which determines how much you have to pay.

Also known as Medigap plans. These act as secondary insurance to Original Medicare and are designed to help cover some "gaps" not covered by Original Medicare.