![]() ![]() All those who qualify for Medicare are automatically enrolled for Part A coverage. Medicare Part A covers the costs associated with a stay in a hospital or skilled nursing facility as well as care provided by home health care services. Part C: Medicare Supplement (Medicare Advantage Plans).Most Americans aged 65 or older rely upon Medicare for a large portion of their medical care. The cost can change every year - in 2024, most people with Medicare saw a 3.2% cost-of-living-adjustment (COLA) in their Social Security benefits.ยน What does Medicare provide? In the program's history, it's expanded in various ways, such as the inclusion of coverage for prescription drug plans and private Medicare Advantage plans that offers a variety of needs depending on budget. Regardless of income, medical history, or health status, these individuals are covered. However, Medicare Advantage Plans can also provide additional benefits that Original Medicare does not cover, such as routine vision or dental care.Created in 1965, Medicare is a federal health insurance program designed for people ages 65 and over. On the other hand, Medicare Advantage Plans typically have network restrictions, meaning that you will likely be more limited in your choice of doctors and hospitals. For instance, in Original Medicare, you are covered to go to nearly all doctors and hospitals in the country. ![]() ![]() How you choose to get your benefits and who you get them from can affect your out-of-pocket costs and where you can get your care. It is important to understand your Medicare coverage choices and to pick your coverage carefully. Each Medicare Advantage Plan must provide all Part A and Part B services covered by Original Medicare, but they can do so with different rules, costs, and restrictions that can affect how and when you receive care. This means that you must still pay your monthly Part B premium (and your Part A premium, if you have one). Remember, you still have Medicare if you enroll in a Medicare Advantage Plan. Instead of Original Medicare, you can decide to get your Medicare benefits from a Medicare Advantage Plan, also called Part C or Medicare private health plan. Unless you choose otherwise, you will have Original Medicare. Note: There are a number of government programs that may help reduce your health care and prescription drug costs if you meet the eligibility requirements. If you want prescription drug coverage with Original Medicare, in most cases you will need to actively choose and join a stand-alone Medicare private drug plan (PDP).
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