Are you getting ready to join the wonderful world of Medicare? Medicare is health insurance for people age 65 and over and for those under 65 who have received Social Security Disability income usually for 24 months. Some health conditions will fast-track Medicare eligibility.
There are 4 Parts to Medicare:
Medicare Part A – Hospital (for which there is no monthly cost)
Medicare Part B – Medical (the monthly premium is means-tested so people with higher incomes pay a higher Medicare Part B premium).
These are the only Parts that show on your Medicare Card.
Medicare Part C – Is the umbrella for Medicare Advantage Plans
Medicare Part D – Is the umbrella for Medicare Prescription Drug Plans.
Medicare does not cover all medical and hospital expenses which is why people add a Medicare Supplement to Medicare or go with a Medicare Advantage Plan.