Know your ABCs of Medicare
Medicare is divided into “parts,” describing your different types of coverage: (These are commonly referred to as Medicare Part A, Part B, etc.)
- Part A is for Hospital
Part A helps cover basic hospitalization benefits for no monthly premium but requires additional out-of-pocket costs for some services. - Part B is for Doctor Visits
Part B helps cover medical services such as visits to a doctor’s office, outpatient surgery or physical therapy after you meet the yearly deductible. Some services will also require that you pay a percentage of the cost. In addition, you pay a monthly premium for Part B – which is usually deducted directly from your Social Security check.
Enroll a Little Early
Happy “64 and 3/4” birthday to you! You can sign up for Medicare as much as three months before your 65th birthday – to ensure you’re covered when the big day arrives. Most people who will be receiving Social Security benefits are automatically mailed their Medicare card. But if you haven’t yet received any materials and you think you should have, simply contact the Social Security Administration.
- Part C – you must have A and B to enroll in C
Part C is a special kind of Medicare option called a Medicare Advantage plan (MVP Gold is one example). It is administered by a private health insurance company, and may include all the benefits of Parts A and B, plus more. You usually pay a monthly premium to the health insurance company for a Part C plan, in addition to the Part B premium that is deducted from your Social Security check. - Part D is for prescription drug coverage (and can be added to Part C)
There is generally a monthly premium for Part D coverage. There are many prescription drug plan options to choose from – including adding it to your Medicare Part C plan. - Discover the benefits of MVP Gold.
If you choose a Part C plan such as MVP Gold, you can get coverage for hospitalizations, doctor visits, prescriptions and other important benefits...plus a variety of special features and extras.