Medicare is the federal health insurance program that’s meant for people who are at least 65 years of age or older. A few other groups of people, like younger individuals with certain disabilities and those with End-Stage Renal Disease, can also be covered under Medicare. Medicare insurance has a few different plan options, namely Parts A, B, C, and D, so understanding exactly what benefits this program provides can be a little challenging. That’s why we’ve broken down and explained the various benefits that Medicare offers. Read on.

Medicare Part A

Also known as hospital insurance, Part A of Medicare is what covers your medical expenses if you happen to get admitted to a hospital, hospice, or skilled nursing facility. It also offers coverage for certain home health services. Typically, most people are automatically enrolled in Part A when they turn 65 years of age. Also, if you receive Social Security benefits, you won’t have to pay a premium for Part A.

Medicare Part B

Part B of Medicare is also called medical insurance, and it covers your outpatient care expenses. For instance, if you need to visit a healthcare provider’s office or take a medical test, Part B will cover the resulting expenses. It may also cover the cost of certain medical supplies like therapeutic shoes, blood sugar test strips, etc. You will need to pay a monthly fee for Part B coverage.

Medicare Part C

Medicare Part C, or Medicare Advantage, is a health insurance plan that you can purchase from a private insurer. This plan offers you all the benefits that Medicare offers, and more. Some Medicare Advantage plans also cover prescription medicines (which is what Part D of Medicare covers). You may also get coverage for things like hearing, dental, vision, and wellness programs. Remember that Part C plans may have different out-of-pocket expenses, so it’s important that you compare a few plans before you opt for one.

Medicare Part D

If you are enrolled in Medicare, you can also opt for prescription drug coverage, which is offered by Part D. The cost of this plan will vary from insurer to insurer, so you should compare the details and cost of different plans.