A Quick Look at the Basics of Medicare What is Medicare? Medicare is Health Insurance for: People Age 65 or older Certain people under 65 with disabilities What are the Different Parts of Medicare? Medicare Part A (Hospital Insurance) helps cover: Inpatient Care in Hospitals Skilled Nursing Facility Care Hospice Care Home Health care Medicare Part B (Medical Insurance) Helps Cover: Services from Doctors and Other Health Care Providers. Outpatient Care Home Health Care Durable Medical Equipment Many Preventive Services Medicare Part C (Medicare Advantage): Includes all benefits and services covered under Part A and Part B Run by Medicare-approved private insurance companies that follow rules set by Medicare Usually includes Medicare prescription drug coverage (Part D) as part of the plan Plans have a yearly limit on your out-of-pocket costs for medical services May include extra benefits and services that aren't covered by Original Medicare, sometimes for an extra cost Medicare Part D (Medicare Prescription Drug Coverage): Helps cover the cost of prescription drugs Run by Medicare-approved drug plans that follow rules set by Medicare May help lower your prescription drug costs and help protect against higher costs in the future What Are My Medicare Coverage Choices? There are 2 main ways to get your Medicare coverage --- Original Medicare or a Medicare Advantage Plan. Looking for more help? Sources of Help1.2.3.