Medicare Basics
What Is Medicare? • Who Is Eligible? • Parts A, B, C & D
What Is Medicare?
Medicare is a federal health insurance program for people 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease (ESRD).
It isn’t “free healthcare.” It’s health insurance with different parts, costs, and rules — think of it as a toolbox where each part covers different services, and you choose how the pieces fit together.
Who Is Eligible for Medicare?
- Are 65 or older
- Are under 65 with certain qualifying disabilities
- Have End-Stage Renal Disease (ESRD) or ALS
Most people become eligible at 65. If you’re already receiving Social Security benefits, you’ll be automatically enrolled in Parts A and B. If not, you’ll need to sign up during your Initial Enrollment Period.
The 4 Parts of Medicare
Medicare has four parts. Each one plays a different role.
Part A
Hospital Insurance
Covers inpatient hospital stays, skilled nursing facility care, hospice care, and some home health care.
Most people pay $0 premium.
Part B
Medical Insurance
Covers doctor visits, outpatient care, preventive services, lab work, durable medical equipment, and more.
You pay a monthly premium.
Part C
Medicare Advantage
Offered by private insurance companies that bundle Part A and Part B, and often Part D. Some plans include extra benefits.
Premium varies by plan.
Part D
Prescription Drug Coverage
Helps cover the cost of prescription medications. Offered by private insurance companies.
You pay a monthly premium.
Ready to Explore Your Options?
When you’re ready, compare plans available in your area and find the coverage that fits your needs and budget.
This guide is for educational purposes only and is not intended as legal or insurance advice.