Original Medicare is a health insurance program provided by the government for people including those age 65 years or older, qualified people with disabilities, and people with end-stage renal disease.
Original Medicare has four parts:
- Part A: Hospital Insurance – most people don’t have to pay a Part A premium, which helps pay for inpatient hospital care and skilled nursing care following a hospital stay
- Part B: Medical Insurance – most people pay a monthly premium for Part B, which helps pay for doctor’s services and outpatient hospital care
- Part C: Medicare Advantage Plans – includes Part A, Part B, and some plans include Part D coverage (plans are run by private insurance companies approved by Medicare, if you do not pick this plan type you will not have Part C)
- Part D: Medicare Prescription Drug Coverage – helps cover the cost of prescription drugs
There are a variety of plans that can be paired with Original Medicare, which will be outlined next.