The ABDs of Medicare. Allow Mylo to translate …
Medicare Part A covers inpatient hospital stays, inpatient nursing care, home health care and hospice care. Comes with a standard $1,316 deductible per benefit period, and up to $658 per day for hospital stays over 90 days.
Medicare Part B covers medical services like doctor visits, lab tests and preventative care. Requires you to pay for out-of-pocket expenses, including a monthly premium, $183 annual deductible, and usually 20% of total cost of care.
Medicare Part D reduces the cost of prescription drugs – which lowers your overall health care costs.
Medicare Advantage Provides both Part A and B plus helps out with prescription drug, hospital and medical costs.
Medicare Supplement (Medigap) pays for health-related services and medical supplies and covers the gaps not paid for by Medicare ... like copayments and deductibles.
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