Medicare FAQ

Questions:

• What is Medicare?
• Who is eligible for Medicare Part A coverage?
• How much of my bill will Medicare Part A pay?
• Who is eligible for Medicare Part B coverage?
• What kinds of costs does Medicare Part B cover?
• How much of my bill will Medicare Part B pay?
• Who is eligible for Medicare Part D coverage?
• How much does Medicare Part D cost?
• Can I get any of Medicare Part D's costs waived?

Answer:

What is Medicare?

Medicare is a federal government program that helps older folks and some disabled people pay their medical bills and prescription drug costs. The program is divided into four parts: Part A, Part B, Part C, and Part D.

• Part A is called hospital insurance and covers most hospital stay costs, as well as some follow-up costs.
• Part B, medical insurance, pays some doctor and outpatient medical care costs.
• Part C is also called Medicare Advantage. It is run by private insurers and Medicare Managed Care plans (such as an HMO that provides Medicare-covered services as well as other coverage).
• Part D covers some prescription drug costs.