Medicare Part A & B Insurance
There are four parts to Medicare:
Medicare
Part A
Also called hospital insurance for individuals who are eligible for Medicare.
Medicare
Part B
Also called medical insurance, covers outpatient care.
Medicare
Part C
Commonly referred to as Medicare Advantage, is an alternative to Original Medicare.
Medicare
Part D
The prescription drug plan helps pay for medications doctors prescribe for treatment.
Medicare Part A
Medicare Part A, also called hospital insurance for individuals who are eligible for Medicare. Medicare customers can see any doctor in the country that accepts Medicare. There are no Medicare networks. Hospital insurance (Part A) 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 A usually has no premium, as long as you have worked 10 years or 40 quarters during your lifetime.
Medicare Part A provides hospital care, although this includes a number of ancillary services as well. This includes:
- Hospice Care
- Home Care
- Nursing Homes
Medicare Part B
Medicare Part B, also called medical insurance, covers outpatient care. Together, Part A and Part B make up Original Medicare which only covers 80% of your care. Medical insurance (Part B) helps pay for doctors, many medical services and supplies that are not covered by hospital insurance such as Ambulance Transportation, Mental Health Services and Medical Equipment.
Medicare Part B provides physician services and preventative care. It also includes:
- Ambulance Transportation
- Clinical Research
- Mental Health Services
- Medical Equipment
- Outpatient Drug Coverage (Limited)
What are my Medicare coverage choices?
There are 2 main ways to get your Medicare coverage-Original Medicare or a Medicare Advantage Plan. Use these steps to help you decide which way to get your coverage.
ORIGINAL MEDICARE
MEDICARE ADVANTAGE PLAN
Medicare
Part A
Hospital Insurance
Medicare
Part B
Medical Insurance
Medicare
Part C
Combines Part A, Part B and usually Part D.
(like an HMO or PPO)
Decide if you need
Drug Coverage
Decide if you need
Drug Coverage
Medicare
Part D
Prescription Drug Coverage
Medicare
Part D
The prescription drug plan helps pay for medications doctors prescribe for treatment.
(Most Medicare Advantage Plans cover prescription drugs. You may be able to add drug coverage in some plan types if not already included.)
Decide if you need
Supplemental Coverage
Decide if you need
Supplemental Coverage
Medicare
Supplement
Medigap Policy
Medicare
Supplement
You CANNOT combine a Medicare Advantage Plan and a Medicare Supplement together.
What are my Medicare coverage choices?
There are 2 main ways to get your Medicare coverage-Original Medicare or a Medicare Advantage Plan. Use these steps to help you decide which way to get your coverage.
ORIGINAL MEDICARE
Medicare
Part A
Also called hospital insurance for individuals who are eligible for Medicare.
Medicare
Part B
Also called medical insurance, covers outpatient care.
Decide if you need
Drug Coverage
Medicare
Part D
The prescription drug plan helps pay for medications doctors prescribe for treatment.
Decide if you need
Supplemental Coverage
Medicare
Supplement
(Medigap) policy
MEDICARE ADVANTAGE PLAN
Medicare
Part A
Also called hospital insurance for individuals who are eligible for Medicare.
Medicare
Part B
Also called medical insurance, covers outpatient care.
Medicare
Part C
Commonly referred to as Medicare Advantage, is an alternative to Original Medicare.
(like an HMO or PPO)
Decide if you need
Drug Coverage
Medicare
Part D
The prescription drug plan helps pay for medications doctors prescribe for treatment.
(Most Medicare Advantage Plans cover prescription drugs. You may be able to add drug coverage in some plan types if not already included.)
Medicare
Supplement
If you join a Medicare Advantage Plan, you can't use and can't be sold a Medicare Supplement Insurance (Medigap) policy.
Which coverage should I choose?
That’s the big question, and one only you can answer. However, the experienced insurance agents at BC and Company Insurance are here to guide you through the process, provide all the options available, answer any questions and help you enroll with the chosen insurer. We work with nearly all the carriers in the area to ensure you get the insurance coverage that meets your needs.