Medicare is a public health insurance program that provides coverage to millions of Americans. You must be above age 65 or diagnosed with a qualifying disability to qualify for Medicare. Suppose you are soon to be qualified for Medicare coverage. In that case, you may be wondering which parts of Medicare you should apply for.
Here’s everything you need to know.
What Are Medicare’s Parts?
Medicare is separated into four different parts; Part A hospital insurance, Part B medical insurance, Part C Medicare Advantage, and Part D prescription drug coverage. Which parts you can apply for depends on which parts you already have.
Which Medicare Part Do I Need?
To determine which part of Medicare you need, you need to consider the costs and coverage associated with each plan. Once you become eligible to enroll, you will most likely enroll in Parts A and B (Original Medicare) first. Once you enroll in these two parts, you can decide if this coverage is right for you or if you need to add on other coverage.
Deciding which part to purchase is a critical decision that may dictate your health benefits for at least a year. That’s why you need to think closely about your needs and how you can meet them through Medicare.
Medicare Advantage vs. Original Medicare
Medicare Advantage (Part C) plans must provide members with all of their Part A and Part B benefits, just like Original Medicare. However, with Original Medicare, people who want prescription drug coverage can only get it through Part D of Medicare. Medicare Advantage plan members usually have prescription drug coverage included directly in their plan.
Another difference between these two options is the availability of extra benefits. If you choose a Part C plan, you will have access to benefits that aren’t available through Original Medicare. These benefits can include vision, dental, hearing, and other supplemental benefits.
How To Choose a Medicare Plan
If you want to find the best Medicare plan for your specific needs, we suggest that you get in touch with an insurance agent today. The agents at SBHS have worked with thousands of customers to help them find the coverage they need. To get started with a free consultation, contact us at (844) 657-0231.
