Original Medicare: Part A & Part B
Part A is for Hospital coverage when you’re admitted as an inpatient.
Part B is for Outpatient medical coverage like doctor visits, x-rays, outpatient surgeries, etc.
These are both administered by the federal government. Most people pay $0 for Part A and $144.60 for Part B, but those people earning over certain income limits will have to pay a “surcharge” on top of their Part B.
Medicare Advantage (Part C)
Medicare Advantage plans are administered by private insurance companies. These plans offer many additional benefits to Original Medicare Part A & B such as drug coverage, dental / vision coverage, gym memberships, and much more.
Medicare Supplement Plans
Supplement plans (also known as Medigap Plans) fill in the gaps in Part A and Part B.
Part D – Prescription Drug Coverage
Part D is for your prescription drug coverage. You’ll have a monthly premium and then co-pays for each of your prescriptions depending on whether they are brand name or generics.