Medicare is the public health insurance program for Americans ages 65 and older, some younger people with disabilities or end-stage renal disease, and people with permanent kidney failure who meet certain other conditions.
Medicare has four parts: Hospital insurance (Part A), Medical insurance (Part B), Medicare Advantage (Part C) Prescription drug coverage (Part D).
Part A covers inpatient hospital stays, skilled nursing facility care, home health care, hospice care, and some outpatient services.
Part B covers doctor’s office visits, outpatient care like surgery and lab tests, physical therapy and other skilled nursing care.
Part C plans are sometimes called Medicare Advantage (MAPD or MA only) plans because they are designed by private insurance companies approved by Medicare to provide all of the benefits of Parts A and B as well as additional benefits like prescription drugs and vision/dental coverage. MA only plans do not include a Part D and are perfect for VA or Tricare people.
Part D is a prescription drug coverage plan that provides help to Medicare beneficiaries who qualify for Medicare. It also helps those who have limited income and resources.