Our Elder Law Attorneys Look at The 4 Parts of Medicare
Medicare is health insurance for people age 65 and older, and for those under 65 with certain disabilities.
In case you’re new to Medicare, it’s divided into 4 parts. In today’s blog, the elder law attorneys at Davidson Law Group explain the 4 parts and the difference between Medicare Parts and Medicare plans.
Medicare Part A
Part A is your hospital insurance, which helps you cover stays in a nursing facility, home healthcare, and blood transfusions that require over 3 pints of blood. Think of it as room and board. Part A is free for most people, assuming you’ve worked for at least 10 years in the U.S. While this part provides benefits like meals and hospice services, many things in a hospital are categorized under Part B.
Related Post: Medicare Outlook for 2019
Medicare Part B
Medicare Parts A and B are often called “Original Medicare”. Part B is for outpatient services and preventative care. It includes coverage for surgeries, doctor office visits, lab testing, ambulance rides, chemotherapy, and diagnostic imaging. Physicians typically provide these procedures in a hospital and it’s sometimes hard to identify inpatient vs. outpatient care. Even if you are healthy, most people need Part B at some point.
Related Post: What You Need to Know About Medicare
Medicare Part C
Part C, also called Medicare Advantage Plans or MA Plans, combines Part A and Part B together in one plan. MA Plans can also be combined with Part D (prescription drug coverage) to create a Medicare Advantage Prescription Drug (MA-PD) Plan. Medicare Advantage plans are private health plans that you can choose instead of Medicare, and they usually have a network of care providers to choose from. If you have questions about Medicare Part C, you can reach out to our elder law attorneys.
Medicare Part D
Medicare Part D is often called “Prescription Drug Coverage”, which helps lower the costs of prescription drugs. Rather than enrolling through the Social Security office, you’ll choose a Part D plan that’s available in your county from private insurance carriers. Medicare drug plans are optional. When you pay the monthly premium, you’ll receive lower copays on your medication.
What About Other Parts?
Don’t confuse the terms Parts and Plans. All the other letters are Medigap plans, which are optional supplemental coverage that you can buy to fill in the Medicare gaps. After you’ve joined Medicare and received your new card, you’ll select your supplemental coverage.
Elder Law at Davidson Law Group
At the Davidson Law Group, we help our clients find solutions for their care as health issues arise. If you’re eligible for Medicare, let our elder law attorneys guide you through the application and qualification process. Contact us in Fort Worth, Allen, or Tyler today to see how we can help you.