Medicare is health insurance for people at age 65 and for disabled people. Understanding Medicare can save you money-here are some important facts: Most people first become eligible for Medicare at age 65, and there are four parts to Medicare: Parts A, B, C and D.
• Part A helps pay for inpatient hospital care, skilled nursing care, hospice care, and other services.
• Part B helps pay for doctors' fees, outpatient hospital visits, and other medical services and supplies not covered by Part A.
• Part C allows you to choose to receive all of your health care services through a provider organization. These plans, known as Medicare Advantage Plans, may help lower your costs of receiving medical services, or you may get extra benefits for an additional monthly fee. You must have both Parts A and B to enroll in Part C.
• Part D is the Medicare Prescription Drug Program.