Medicare Insurance Parts C & D
There are four major parts of Medicare. Medicare Part A and B are known as Original Medicare and have been around for the longest amount of time. Part C and Part D are newer additions to Medicare.
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Medicare Parts: A, B, C, D
There are four major parts of Medicare. Medicare Parts A and B are known as Original Medicare and have been around for the longest amount of time. Part C and Part D are newer additions to Medicare. Part C was officially integrated into Medicare in 1997, and Part D was added in 2006. Both parts can make a significant difference in the quality of care you receive, as well as how much it costs. Medicare will only cover a portion of your medical expenses, so you will have to cover the rest of the costs either out-of-pocket or through supplemental insurance plans. Medicare Part C and Part D provide you with additional ways to cut down the cost of your medical expenses.
Medicare Part C Overview
Medicare Part C is available to you if you already have Parts A and B. Part C is another name for the Medicare Advantage plans that are insurance plans offered by private companies and approved by Medicare. These plans will generally help you pay some of your medical costs. They include everything that Original Medicare offers but can also include additional coverage, for services such as dental, vision, or hearing care.
Medicare Part D Overview
Part D will provide you with drug coverage that can help you pay for your prescription medication. You can receive this coverage either with a stand-alone Prescription Drug Plan or with a Medicare Advantage plan, as most will include Part D coverage. However, you typically can be in only one Medicare Advantage or stand-alone Prescription Drug Plan at a time. If you enroll in a new policy for drug coverage you will be automatically unenrolled from your current plan.
Navigating all of the different parts of Medicare and learning how they fit together can be overwhelming. But that’s why we’re here to provide you with overviews like this one to get you started. Have any more questions? Please don’t hesitate to contact us.
Aevo Insurance Services, LLC
Whether you have recently been awarded Social Security Disability benefits, are currently uninsured, or have coverage through an employer or government plan, the licensed Medicare specialists at Aevo Insurance Services, a subsidiary of The Advocator Group, are here to support you in making the proper financial decisions as you transition onto the Medicare program.