Medicare Basics Original Medicare has two parts: Part A and Part B. Medicare Part A provides you with hospital insurance. You are automatically entitled to this coverage based on your age (65+) or a disability. Medicare pays 80% of Medicare approved charges after you satisfy your annual deductible.
Medicare Part B provides insurance to cover doctor’s services. To receive Part B coverage, you must enroll and pay a monthly premium to the Centers for Medicare & Medicaid Services (CMS). If you would like more information about Medicare, visit Medicare’s website at www.medicare.gov. Medicare Part A Covers
- A portion of the inpatient hospitalization after a deductible and coinsurance payment
- Care in a skilled nursing facility (limitations may apply)
- Hospice care for the terminally ill
- Home healthcare benefits with no limits as long as Medicare requirements are met
Medicare Part B Covers
- Doctor’s services
- Outpatient hospital charges
- Ambulance charges, if medically necessary
- Medical equipment, preventive services
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