Medicare Part A
Medicare Part A is one half of Original Medicare. Part A provides coverage for inpatient hospital treatment or clinical facilities. Part A also caters to inpatient mental healthcare if required. Costs covered by this part include:
- General clinical/nursing care
- Hospice care
- Other clinical services and provisions used in the hospital
- Meals
For 2020, beneficiaries pay $458 per month as the standard premium if they do not receive it premium-free. The deductible for each benefit period is $1,408.
Medicare Part B
Medicare Part B is the other half of Original Medicare. Part B provides coverage for critical medical and diagnostic services, as well as outpatient care, home healthcare, and durable medical equipment. Medical caregiving services rendered by Part B include:
- Bone Density evaluation
- Blood
- Diabetic analysis
- Diabetes supply
- Chiropractic services
- EKG
- HIV screening
- Clinical lab services
- Hepatitis B shots,
- Cardiac rehabilitation, etc.
For 2020, the monthly premium for Part B is set at $144.60. This amount may be greater if your annual remuneration is more than $87,000. Additionally, the annual deductible is $198.
Medicare Part C
Medicare Part C is known as Medicare Advantage Plans. They are supplementary insurance policies issued by private insurers who are accredited by Medicare. Members who have Part C must have enrolled with Parts A and B beforehand. Part C includes drug coverage, dental, vision, and hearing care, among other benefits.
