Medicare A & B Overview
Medicare is health insurance for people 65 and older, on disability, or with End Stage Kidney disease. There are 5 “parts” to Medicare with the foundational ones being Parts A & B. Medicare Part A covers inpatient hospitalization, skilled nursing facility, home health, and other care. Medicare Part B covers doctors and outpatient medical care. When you have Medicare, Parts A & B work together to help you cover medical costs and get the care you need.
It is important to know that Medicare A & B does not cover all medical costs. Just like traditional insurance, you have deductibles and copays when you receive medical care. On a second note, maybe even more important , is that there are no annual limits to your deductibles and copays with Parts A & B. This means that if you only have Parts A & B, your out of pocket medical bills are virtually unlimited. It also does not provide benefits for non medical care like; prescription pharmacy benefits, dental, and vision. The out of pocket costs and items not covered by Medicare A & B are often referred to as the “Gaps” in Medicare.