Medicare is our country's health insurance program for people age 65 or older. The federal health insurance program is split into four different types, each with its own rules and regulations. At Nickey Baxter Insurance, we can help you understand and navigate each type of Medicare so that you can choose the best coverage for your needs. Keep reading to learn more and contact us today to set up your Medicare supplement plan!
Different Types of Medicare
Different Types of Medicare
Part A
Part A is hospital insurance. It covers inpatient care in hospitals, skilled nursing facilities, hospice, and home health care. Most people do not pay a monthly premium for Part A coverage, as it is typically covered by payroll taxes while you are working.
Part B
Part B is medical insurance. It covers services from doctors and other health care providers, outpatient care, home health care, durable medical equipment, and some preventive services. Most people pay a monthly premium for Part B coverage.
Part C
Part C, also known as Medicare Advantage, is an alternative way to receive your Medicare benefits. Part C plans are offered by private insurance companies and must cover at least the same benefits as Medicare Part A and Part B. Some Medicare Advantage plans also cover extra benefits, such as routine dental and vision care. Most people pay a monthly premium for Part C coverage, in addition to the Part B premium.
Part D
Part D is prescription drug coverage as this Medicare coverage helps cover the cost of prescription drugs. Part D plans are offered by private insurance companies and have varying costs, depending on the plan. You must have Medicare Part A or Part B to enroll in a Part D plan.
Nickey Baxter Insurance
At Nickey Baxter Insurance, we can simplify your Medicare coverage to deliver you peace of mind. To set up your Medicare supplement plan, get in touch today!