THE ABCD's OF MEDICARE & MEDICARE ADVANTAGE

Part A) Hospital Services- Begin at age 65 ( or under 65 for qualified disabled individuals) and are provided by the government, with no premiums due.

Part B) Medical Services- Begin at age 65 ( or under 65 for qualified disable individuals) and are provided by the government, and has a monthly premium due based on your income, which is typically withdrawn from your Social Security.
 

Part A & B DO NOT cover everything, Part C, D, and Medicare Supplements can be paired with Part A & B

Part C) Medicare Advantage Plans- Simply put, Advantage plans are a result of the government outsourcing Medicare duties, such as claims processing, to private insurance companies. Deductibles, co-pays, and additional monthly premiums apply and not all doctors are in network. Depending on the type of plan you choose, monthly premiums can be as low as $0.00, but average $50/month.

Part D) Your prescription drug coverage is purchased separately from a private insurance company ranging $30 to $100 monthly, depending on your choice of drug coverage.

Medicare Supplement) The "Plans" of Medicare Suppliments-Supplements are the gaps of coverage in Part A & Part B. They can be purchased from a private insurance company. There are several supplements plans, differing based on the coverage you want and what your budget will allow. You can purchase a supplement with a rich benefit that will leave you with no out of pocket expense after your monthly premiums are met.