Medicare and its four parts

Medicare and Its four parts

Source: https://www.thehealthexchangeagency.com/

Medicare

● Medicare is a health Insurance program
adminstered by the Federal government of US.

● It was introduced to cover senior citizens
above 65 years of age.

● It also covers youngsters with disablities.

Medicare Parts

● There are four parts of Medicare.
● The four parts are known as Part A, Part B,

Part C and Part D.
● Each part has its own benefit.

Part A

● It is a basic and original part of Medicare.
● It includes Hospital coverage.
● It does not include any premium.

Part B

● It is also an original part of Medicare.
● Medical Insurance is covered in this part.
● Premium is included in this plan.
● It has late enrollment penalty.

Part C

● It is also called Medicare Advantage or Medicare part
C.

● It has some added advantage over Medicare part A
and part B.

● There are many plans in part C, most of them include
PPO, MSA, PFFS and Medicare special needs.

Part D

● Prescription drug coverage is included in this part.
● It is only available through private health insurers

approved by Medicare.
● It has late enrollment penalty.

For more information about Medicare visit the site given below.

https://www.thehealthexchangeagency.com/