What Is Medicare?
Medicare is a government health insurance program for individuals that are 65 or older, have certain disabilities (for those under 65) or have permanent kidney failure (aka End Stage Renal Disease).It’s important to know the different parts of Medicare coverage, your Medicare rights and protections, and how to find the right plans to reduce your Medicare out of pocket costs.1
What Medicare Covers?
- Medicare Part A (Hospital insurance): helps pay for inpatient care in a hospital or skilled nursing facility (following a hospital stay), some home health care and hospice care.
- Medicare Part B (Medical insurance): assists in paying for services provided by doctors and many other medical services and supplies that are not covered by hospital insurance.
- Medicare Part C (Medicare Advantage): plans are available in many areas. People with Medicare Parts A and B can choose to receive their health care services through private health plans under Part C.
- Medicare Part D (Prescription drug coverage): helps pay for medications prescribed by your doctor.
- Medigap (also known as Medicare Supplement Insurance): is often purchased by people who remain in original Medicare parts A and B without enrolling in a Medicare Advantage plan in order to fill in coverage gaps in original Medicare.2
How HealthPocket can help
With many Medicare Plan Options available, it can be difficult to find the right health plan for your medical needs. Whether you’re looking for a Medicare Advantage or Medicare Part D, HealthPocket’s free plan comparison tool and medication cost estimator helps you find the right plan to minimize your out of pocket Medicare costs.