- Part A Hospital Insurance, which typically doesn't require a premium payment for most individuals due to prior payroll tax contributions. Part A covers inpatient care in hospitals, skilled nursing facilities, hospice care, and some home health care, subject to specific conditions.
- Part B Medical Insurance, for which most people pay a monthly premium. Part B covers doctor's services, outpatient care, certain medical services not covered by Part A, and some home health care.
- Prescription Drug Coverage, which usually involves a monthly premium. This coverage, available since January 1, 2006, assists in reducing prescription drug expenses and protecting against potential future increases in costs. Private companies offer this coverage, and beneficiaries select their drug plan, paying a monthly premium. Failure to enroll initially may result in a penalty if joining later.
This information is sourced from www.cms.gov.
For further assistance, please contact the phone number provided on this website, where you'll be connected with a licensed agent.
