- Part A Hospitalization Coverage: Part A covers inpatient care, skilled nursing facilities, hospice and home health care. Most people do not pay a premium for Part A as long as you have worked for over 10 years and you have paid Medicare taxes. This provides your premium-free Part A. If you have not worked for over 10 years, you can qualify for spousal benefits or pay to get Part A based on the number of quarters that you worked.
- Part B Medical Coverage: Part B covers doctor’s visits, preventive care, lab services, ambulance services, outpatient services, cancer therapy and kidney dialysis. There is a premium for Part B. The premium is based on your income.
- Part C Medicare Advantage Plans: These plans provide coverage through private insurance companies. If you get a Medicare Advantage plan, you are actually giving up Part A and Part B. The costs for Medicare Advantage plans are low to $0 premium.
- Part D Prescription Drug Coverage: This is optional coverage to assist you with the costs of prescription drugs.
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