Medicare Part A and B make up what is known as “Original Medicare,” as these were the only two Medicare options available when the program was first started. Together, they help provide coverage for various different inpatient and outpatient services in order to help make medical care more affordable for seniors and those with certain health issues.
Medicare Part A refers to hospital insurance and covers inpatient care such as hospital stays, hospice care and any extended care at a professional nursing facility.
Medicare Part B covers outpatient care such as yearly check-ups, certain medical supplies you may need, preventative services such as vaccines and basic screening tests for common ailments.
With Original Medicare, you pay a deductible at the beginning of the year that will depend on your specific medical needs. In addition to your deductible, you will pay for about twenty percent of all medical services you will need that are approved under either Medicare Part A or Part B.
However, this is still significantly cheaper than the average cost of medical insurance.
Original Medicare helps pay for many medical expenses, but there are still gaps in coverage. That is why there are additional coverage plans you can add to your Original Medicare plan called Medicare Supplement Insurance, most often referred to as Medigap insurance.
These additional policies help cover medical expenses that are not covered by Original Medicare, such as copayments and additional deductibles. Medigap plans can also help cover medical services abroad, which Original Medicare does not.
If you need help covering the cost of your prescription drugs, you can also add Medicare Part D to your Original Medicare Plan. You can learn more about Medicare Part D in the following slide.
By Admin –