What does Medicare Cover?

Part A (Hospital Insurance)

Run by the federal government
Helps pay for some of the costs of inpatient care in hospitals, skilled nursing facility care, and hospice and home health care
You must pay a deductible. $1,600 is the medicare deductible for each benefit period in 2023

Private health plans under Part C or Medicare Supplement (Medigap) policies can help cover costs

Part B (Medical Insurance)

Ran by the federal government
Helps pay some of the costs of doctor services, outpatient care & other medical services.
You must pay a Part B Premium. The standard Part B premium in 2023 is $164.90 (or higher depending on your income).

You must pay a deductible. In 2023 $226 is the deductible. After the deductible is met , you typically will pay 20% of the Medicare approved amount for doctor services (including most doctor services while you are in the hospital impatient ) outpatient therapy, and durable medical equipment(DME) .

Private health plans under Part C or Medicare Supplement (Medigap) policies can help cover costs.

Part C (Medicare Advantage)
Some Plans include extra benefits such as dental,hearing,vision,and health club memberships.
Run by private insurers and regulated by the Federal Government.
Costs, extra coverage, and rules may vary from plan to plan.

Many Part C plans have prescription drug coverage (part D) built in to the plan.

Part D (Prescription Drug Plans)

Helps cover some of the cost of prescription drugs.
Ran by Medicare approved private insurance companies
May help lower your drug costs