Medicare Part A acts as your hospital insurance and Part B acts as your medical insurance. You have coverage for inpatient care in a hospital or skilled nursing facility, hospice care, and home health care through Part A. Part B covers preventive and medically necessary care, which can include clinical research, ambulance services, mental health care, outpatient hospital services, and durable medical equipment.
Those were Original Medicare. You can also sign up for Medicare Advantage plans, Part D prescription drug plans, and Medicare Supplements.
Medicare Advantage plans have the same Part A and Part B coverage as Original Medicare but can also offer prescription drug, dental, hearing, or vision coverage, and other benefits.
Part D plans control the price of your prescriptions at the pharmacy. You will pay a set copayment based on whether your drug is generic, brand-name, preferred, or specialty.
Medicare Supplement plans are a way to plan for the out-of-pocket costs from Part A and Part B. With these policies, you can find coverage for copayments, coinsurance, deductibles, care in a foreign country, and more.
The best time to sign up for a Medicare Supplement is in the six months after you are 65 and enrolled in Part B. During this time, called your Medigap Open Enrollment, you will not be turned away due to health reasons.
For more information about signing up for Medicare, call the number on your screen.