What is the Medicare Program?
Who can Get Medicare?
How Does the Program Work?
When signing up for Medicare, you choose parts of the program that work for you. The program is divided into parts A, B, C, and D. The parts essentially cover different medical costs. Before we go into more detail on each part, you should know that when you initially sign up for Medicare, you will choose one of two categories, which then determines the way you receive your Medicare benefits.
The first category choice is Original Medicare. This program is offered directly through the federal government and is the traditional fee-for service program. The second category choice is Medicare Advantage. Choosing this category provides you with a plan that is managed by a health insurance company that contracts with the federal government. We will discuss the advantages and disadvantages of these two categories later on in this article.
Parts A – D Basics
Healthcare costs are divided into parts A – D as previously mentioned. While there are supplemental plans, we will focus on A – D in this article. Here is a basic breakdown of what each part includes in regards to your options and coverage.