Medicare comes in the following 4 parts:
Part A: This is hospital insurance and covers inpatient hospital care, hospice and home health care.
Part B: Outpatient care and doctor services are included here under medical insurance. Individuals pay a monthly premium each month for this coverage starting at $96.40.
Part C: This covers medicare advantage plans provided by private companies which provide additional coverage such as vision, dental and hearing programs.
Part D: This is the prescription drug option run by private insurance companies.
The one thing that medicare doesn't cover that can end up costing a huge amount of money is long term care like at a nursing home or assisted living facility.
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