Understanding the 4 Parts of Medicare

The many reforms in the healthcare sector in the recent past have left the common man wondering if he has the most accurate and up-to-date information on the 4 parts of Medicare. In an era of spiraling healthcare costs, knowledge about the 4 parts of Medicare will help you make the best choice regarding the most appropriate medical plan for you and your family.

Therefore, take note of the following useful bits of information about the 4 parts of Medicare:

• Medicare Part A (Hospital Insurance): Among the 4 parts of Medicare, Part A helps cover in-patient care during hospital stays, skilled nursing facilities and services, hospice care, and home healthcare that is medically essential. However, an individual needs to fulfill certain conditions to be eligible for these benefits. Usually, people who are over 65 years of age and receive Social Security benefits are automatically considered to be eligible for Medicare Part A. Individuals who have been receiving disability benefits for the past two years, those who are suffering from Lou Gehrig’s disease and receive disability benefits for it, and those who receive or have received aid for maintenance dialysis or kidney transplant for permanent kidney failure are also considered to be eligible for Medicare Part A.

Medicare Part B (Medical Insurance): Medicare Part B covers doctor’s fees, outpatient care, certain preventative medical services, and services like physical and occupational therapies and home healthcare that are not covered by Part A. You should apply for Medicare Part B as soon as you are eligible, that is when you turn 65 and receive Social Security benefits; else you may have to pay a higher premium. Of the 4 parts of Medicare, parts A and B covers most of the medical costs that you may incur.

• Medicare Part C (Medicare Advantage Plans): You must have Medicare parts A and B to be considered eligible for Part C with a private health insurance provider. Approved by Medicare, Part C allows you to receive all your healthcare services through a single provider organization. It is said that Part C lessens out-of-pocket expenses and sometimes individuals may also receive additional services like access to wellness programs and memberships to fitness clubs at no extra cost, apart from receiving all the benefits associated Medicare parts A and B and prescription drug coverage.

• Medicare Part D (Prescription Drug Coverage): Of the 4 parts of Medicare, enrollment in Part D is voluntary and is administered by private health insurance providers approved by Medicare.

Now that you know about the 4 parts of Medicare, you must have realized that the healthcare reforms have made medical services more affordable. So you can go in for superlative healthcare services in California like those provided by us, at PrimeMedical. Call us at 310-548-0201 to know more.

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