The Ins and Outs of Medicare

What are the costs?

Medicare Part A
Part A pays for necessary medical care and services given in Medicare-certified hospitals, skilled nursing facilities, home health agencies, and hospices. It does not cover doctor visits or prescription drugs. Part A is free if you qualify.

Medicare Part B
Part B helps pay for doctors, outpatient hospital care, ambulance transportation, and a variety of other tests and services. If you qualify, this costs $66 a month. You can pay from your Social Security, Railroad Retirement, or Civil Service check. If you qualify, your state may pay this part through Medicaid.

Part B pays 80 percent of most covered services. You must pay the remaining 20 percent percent. If you're treated by a doctor who doesn't accept Medicare, you have to pay.

Medicare Part D
Part D covers the cost of prescription drugs. For most people, there is a monthly fee, plus a $250 deductible before Medicare starts to cover your costs. There is also a small co-pay for each drug you are buying. If you earn below a certain income, you should not have to pay the $250 deductible or co-pay. Medicare pays for 75 percent of prescription costs between $250 - $2,250.

Get help comparing plans or call 1 (800) 633-4226 (toll-free).