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The four parts of Medicare
Part A – Hospital Coverage
Part A covers : Inpatient hospital stays, skilled nursing facility expenses, hospice care, and some home health care.
You pay: If you or your spouse worked for 10 years and paid Medicare taxes, you will not have a monthly premium for Part A.
Part B – Covers your doctor visits and more
Part B covers : Doctor and other health care provider services, outpatient care, lab and x-ray services, ambulance services, medical supplies, and preventive services.
You pay: A monthly premium with a yearly deductible before coverage begins. Your monthly premium is calculated based on your adjusted gross income.
Parts A and B together provide coverage both in and out of the hospital.
Part C—Medicare Advantage
After you enroll in Parts A and B, you have the option to enroll in Part C. Also known as Medicare Advantage, Part C is offered through private insurance companies and combines your Part A, Part B, and sometimes Part D benefits into one easy-to-use plan.
Part C covers : Everything that Original Medicare covers and usually more. Some of the most common Medicare Advantage benefits include:
- Dental, vision, and hearing coverage.
- Fitness memberships.
- Allowance for health care products.
You pay: Once enrolled in a Medicare Advantage plan, you continue to pay your Part B premium to Medicare. You may also have a premium for your Medicare Advantage plan, which you pay to the company you are insured by.
Each drug on our Part D formulary belongs to a tier, which determines how much you will pay. As your spending during the year increases, you move through the stages of Part D coverage.
Part D—Prescription drug coverage
Part D covers : Brand-name, generic, and specialty medications. Each plan has a list of drugs it covers, known as a formulary.
You pay: The monthly premium for your Medicare Advantage Plan, which includes Part D coverage or your standalone Part D plan (if applicable). You also pay out-of-pocket costs such as copays, deductibles, and coinsurance included with the plan you choose.
Part D penalty (late enrollment penalty) : A late enrollment penalty on your Part D premium, applies if you did not have Medicare drug coverage or creditable coverage for more than 2 months since becoming eligible for Medicare. This penalty will be added to your monthly premium.
Help with your Medicare costs
If you have limited income and resources, you may qualify for Extra Help to assist in paying for your Part D drugs. Many people qualify for this Medicare program and don’t even know it. It helps pay some costs, such as these:
- Plan premiums
- Coverage gap
To see if you qualify for Extra Help:
24 hours a day, 7 days a week, or visit medicare.gov.
Call Social Security
Monday through Friday from 8 a.m. to 7 p.m.
Compare Plans: Why Choose Medicare Advantage (MA) over Original Medicare?
MyTruAdvantage Medicare Advantage plans are all-in-one plans. They cover:
Everything Original Medicare covers for doctors and hospitals plus more, including low co-pays and deductibles, maximum out-of-pocket cost limitations. A network of doctors and hospitals that you know and trust. No referrals needed.
All of our plans have $0 member premium, $0 medical deductibles, and $0 PCP co-pay. Our plans also feature extensive dental coverage, a flexible spending benefit for vision, and $75/quarter flexible over-the-counter.
Dental, vision, hearing and fitness benefits.
High quality standards and care coordination. Medicare Advantage plans are held to high quality standards and are built to coordinate the care you need, from the hospital, to your doctor and specialists