Medicare Parts A and B are also known as Original Medicare. It is overseen by the government and provides medical coverage to those who are eligible. To access Medicare benefits, you must be a citizen or a legal resident of the United States aged 65 or older.

Medicare Part A: In-Patient Care

Medicare coverage begins three months before your 65th birthday. If you have worked and paid your taxes throughout your life, you will be automatically enrolled for Part A, and there is no charge to do so. Part A covers your medical care while you are in the hospital, in a skilled nursing facility, hospice, or receiving care in your home.

Medicare Part B: Outpatient Care

Medicare Part B covers medically necessary and preventative outpatient medical services. These can include diagnostic testing or prophylactic treatments, which are not covered under Part A. These services include doctor visits, physical therapy, and outpatient care, as well as various other Medicare-approved services. Unlike Part A, you will pay a premium for Part B. Once you have met your deductible, Medicare pays for 80 percent of approved costs, and you are responsible for the balance.

For prescription drug coverage and other medical expenses, speak to your licensed insurance professional about Medicare’s other Parts, such as Medicare Advantage and Medigap.