BETA
Chapter 1
The birth of Medicare
Chapter 2
The alphabet soup of coverage
Chapter 3
Who pays and how it works
Chapter 4
The future and global comparisons
YOUR GOAL
Master of Medicare decoded
Ch 2 · The alphabet soup of coverage
hank Medicare's Four Core Parts
Feeling confused, yeah? (Oh-oh!) Medicare's got parts, A, B, C, D, so you know!
hank Medicare Part C, or Medicare Advantage, allows private companies to provide Medicare benefits.
hank Medicare Part B covers outpatient services, doctor visits, and necessary medical equipment.
Fun Fact
The famous donut hole: The Part D 'donut hole' was a coverage gap where patients paid 100% of drug costs.
Glossary
medicare (noun)
A government program of medical care, especially for elderly and disabled individuals. President Lyndon B. Johnson signed the legislation in 1965, which now features four distinct lettered coverage parts.
A government program of medical care, especially for elderly and disabled individuals. President Lyndon B. Johnson signed the legislation in 1965, which now features four distinct lettered coverage parts.
Quiz
Which President signed the legislation creating Medicare Part D prescription drug coverage in 2003?
Quiz
In what year did the Medicare Part D prescription drug benefit officially go into effect?
Quiz
How many years of paying Medicare taxes do most Americans need to qualify for premium-free Part A?
Quiz
Which Medicare Part allows private insurance companies to bundle hospital, medical, and prescription coverage?