Medicare's Secret Coverage Tips Everyone Should Know

Part B: Medical Insurance

Part B covers certain doctors' services, outpatient care, medical supplies, and preventive services. Unlike Part A, Part B requires a monthly premium, which can vary based on your income. For 2023, the standard premium is $164.90, but it can be higher for individuals with higher income levels². Understanding these costs and the coverage provided can help you make informed decisions about your healthcare needs.

Part C: Medicare Advantage

Medicare Advantage (Part C) plans are offered by private companies approved by Medicare. These plans provide all of your Part A and Part B coverage and usually include additional benefits like vision, hearing, and dental. Some plans also include Medicare prescription drug coverage (Part D). The key benefit of Medicare Advantage plans is the potential for lower out-of-pocket costs and additional benefits that traditional Medicare does not cover³. When considering these plans, it's crucial to compare the options available in your area to find a plan that fits your healthcare needs and budget.