Parts of Medicare
Original Medicare
Original Medicare includes Part A (hospital insurance) and Part B (medical insurance), and serves as the foundation for most people's coverage. Typically, eligibility begins at age 65, though some qualify earlier due to a disability or End-Stage Renal Disease (ESRD). Others may delay enrollment if they continue working past 65.
Regardless of when you enroll, Original Medicare is designed to cover your most basic healthcare needs.
Medicare Part D – Prescription Drug Coverage
Medicare Part D helps cover the cost of prescription medications. It can be purchased separately with Original Medicare or may be included in many Medicare Advantage plans. Each plan maintains a formulary, or list of covered drugs, organized into categories. Most plans cover medications for common health conditions, but comparing formularies and costs is key to finding the right fit.
Medicare Part C – Medicare Advantage
After enrolling in both Parts A and B, you may choose to enhance your coverage with a Medicare Advantage plan (Part C). These plans are offered by private insurance companies and help reduce out-of-pocket costs by using a network of providers. While you'll still pay premiums and deductibles, Advantage plans often feature lower copays and coinsurance. Plan networks and benefits vary by location, but the cost savings and added benefits remain a strong option for many.
Medicare Supplement Plans (Medigap)
Medicare Supplement Insurance—commonly known as Medigap—helps pay for the out-of-pocket costs that Original Medicare (Parts A and B) doesn’t cover, such as deductibles, copayments, and coinsurance.
Medigap plans offer robust, comprehensive coverage and are a smart choice for those who want greater financial protection and fewer unexpected medical expenses.