Generally, Medicare has different parts that cover specific services. Most people receive their benefits through Original Medicare, which includes Parts A and B benefits. This is also referred to as Traditional Medicare where the federal government pays directly for your healthcare services. However, there are other types of Medicare that can provide additional coverage. So, what are the 4 types of Medicare?

What are the 4 Types of Medicare

In this post, we’ll break down the four types of Medicare and what they cover. We’ll also highlight some of the eligibility requirements for the various types of Medicare.

Medicare Part A

This covers the following services:

What are the 4 Types of Medicare

Bear in mind that Medicare doesn’t usually cover the full cost of your care, and chances are you’ll be responsible for some portion of the cost-sharing (copayments, coinsurances, deductibles) for Medicare-covered services.

Medicare Part B

Although not necessary, Medicare Part B is part of traditional Medicare and  provides medical/outpatient coverage. Here’s a summary of the services covered under Medicare Part B:

This is not a complete list, but just commonly used services and items.

Medicare Part C (Medicare Advantage)

These are plans offered by private companies that have been approved by Medicare. If you join a Medicare Part C plan, it will provide all of your Part A and Part B coverage. Medicare Part C plans typically offer extra coverage, such as health and wellness, dental, hearing and vision programs. Most will also include Part D (Medicare prescription drug coverage).

Medicare will pay a fixed amount for your care monthly to the private companies offering Medicare Part C plans. However, each MA plan can charge different costs and have different eligibility requirements.

Medicare Part D (Prescription Drug Coverage)

What are the 4 Types of Medicare
What are the 4 Types of Medicare

Medicare Part D covers most outpatient prescription drugs. Part D is offered through private insurers and companies either as a set of benefits with your MA plan or as a separate plan, for those who are already enrolled in Original Medicare.

Bottom Line

So, what are the 4 types of Medicare? The short answer is Parts A, B, C and D. The points mentioned above outline some of the items covered by the various Parts.  As there are many rules and exceptions regarding Medicare, it always helps to do plenty of research and consult experts when making any major decisions regarding Medicare. When it comes to Medicare supplement plans, the experts here at Medicare Guidance Center can help you find the right coverage option for you.