Maximize Potential Understanding Medicare Options Benefits Today

Medicare is divided into several parts, each covering different aspects of healthcare:

1. **Medicare Part A (Hospital Insurance):** This covers inpatient hospital stays, care in a skilled nursing facility, hospice care, and some home health care. Most people don't pay a premium for Part A if they or their spouse paid Medicare taxes while working¹.

2. **Medicare Part B (Medical Insurance):** Part B covers certain doctors' services, outpatient care, medical supplies, and preventive services. The standard monthly premium for Part B in 2023 is $164.90, although it may be higher depending on your income².

3. **Medicare Part C (Medicare Advantage Plans):** These are plans offered by private companies that contract with Medicare to provide Part A and Part B benefits. They often include additional benefits like vision, hearing, and dental, and may have lower out-of-pocket costs compared to Original Medicare³.

4. **Medicare Part D (Prescription Drug Coverage):** Part D adds prescription drug coverage to Original Medicare and some Medicare Advantage Plans. The cost varies depending on the plan you choose and the drugs you need⁴.