Medicare is the U.S. federal health insurance program designed for people who are 65 or older. However, those that are younger with with disabilities, and people with End-Stage Renal Disease.
The different parts of Medicare help cover specific services:
Medicare Part A (Hospital Insurance)
- Inpatient hospital stays
- Hospice care
- Some home health care.
Medicare Part B (Medical Insurance)
- Outpatient care
- Medical supplies
- Preventive services.
Medicare Part C (Medicare Advantage Plans)
Offered by a private company that contracts with Medicare to provide you with all your Part A and Part B benefits.
Medicare Part D (prescription drug coverage)
Part D adds prescription drug coverage to Original Medicare, some Medicare Cost Plans, some Medicare Private-Fee-for-Service Plans, and Medicare Medical Savings Account Plans.