Do you know the ABCDs of Medicare? Find out what each letter means

If you’re 65 or older, you’re eligible for Medicare. If you’re younger than 65 but have certain disabilities or end-stage renal disease, you might also be eligible. Medicare consists of 4 parts and a Medicare supplement plan, also called Medigap. Find out what they mean so you can make the right decision for your health care needs:

 ABCDs Part B  ABCDs Part A
Medicare Part A helps cover hospital inpatient care. If you’ve been employed and paid Medicare taxes, you likely won’t have to pay a premium for Part A coverage. Medicare Part B helps cover things such as doctor visits, outpatient services and preventive care. You’ll pay a monthly premium if you want Part B coverage.
 ABCDs Part C  ABCDs Part D
 

Medicare Part C also is known as Medicare Advantage. These plans are offered by private companies such as HAP. They provide all the coverage available in Medicare Part A and Part B and may include additional benefits as well. They also can include Medicare Part D prescription drug coverage.

 

Medicare Part D is prescription drug coverage available only through private companies such as HAP. It helps lower prescription drug costs and protects against higher costs in the future. Our Medicare Advantage health plans offer prescription coverage.

 

Medicare Supplemental Plans (also called Medigap) provide additional help with medical costs such as deductibles, copays and coinsurance. These plans have yearly out-of-pocket limits. They don’t cover additional health care services and prescription drugs. 

In order to avoid late penalty fees, you must continue to pay your Part B and Part D premiums.

0891 Pro Tip DesignIf you want to learn more about what HAP has to offer, talk to one of our licensed HAP Medicare experts by calling 800-868-9885 (TTY: 711).

Categories: Get To Know Your Plan

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