More than a third of Medicare beneficiaries are enrolled in Medicare Advantage plans, and the number has climbed steadily over the last decade.
Prescription drugs play an important role in medical care for 60 million seniors and people with disabilities, and account for nearly $1 out of every $5 in Medicare spending.
Many traditional Medicare beneficiaries rely on other sources of coverage to supplement their Medicare benefits.
- Part A covers inpatient hospital stays, skilled nursing facility stays, some home health visits and hospice care.
- Part B covers physician visits, outpatient services, preventive services and some home health visits.
- Part C refers to the Medicare Advantage program through which beneficiaries can enroll in a private health plan.
- Part D covers outpatient prescription drugs through private plans that contract with Medicare.
Four in five Medicare Advantage enrollees are in plans that require prior authorization for some services.
Beneficiaries with relatively high incomes are required to pay income-related monthly premiums for Part B, which covers physician and other outpatient services, and for Part D, which covers outpatient prescription drugs.
Our list of FAQs about the open enrollment period covers a range of topics related to Medicare enrollment, including Medicare Advantage, Part D, Medigap, and more.
Medigap helps Medicare beneficiaries cover cost-sharing requirements and protect against catastrophic expenses.
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