Medicare coverage can be confusing. You have probably heard of the different parts of Medicare: Part A, Part B, Part C, and Part D. It is easy to get these different parts of Medicare confused and most explanations don’t do a great job of explaining how each part works together.
Medicare Options Summary
Below is a short summary of each part. You can click on the links within each summary for a more in-depth look into each part of Medicare. Medicare Supplement insurance, also known as Medigap, is used to cover the additional out-of-pocket expenses not covered by Medicare Parts A and B.
Medicare Part A
Medicare Part A covers you at the hospital for issues ranging from inpatient care to hospice care.
Medicare Part B
Medicare Part B covers you for outpatient care, medical services, treatments, and even preventative care.
Together Medicare Part A and B cover about 80% of your medical expenses with a total deductible of $1454 per year (currently).
Medicare Part C
Medicare Part C, also known as Medicare Advantage, is a replacement for Medicare Part A and B and is provided by private insurance companies. It is very inexpensive, but it has limitations, such as a network of doctors and hospitals. Medicare Part C is a good option for people on a low budget.
Medicare Part D
Medicare Part D is prescription drug insurance and it can be purchased through an insurance company.
* Montana Life Group is not connected with or endorsed by the U.S. Government or the federal Medicare program.
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