Sunday, October 11, 2009

Some Medicare Facts

Medicare has 4 parts. A, B, C & D. Parts A and B are original Medicare. Part A, paid for by payroll taxes, covers hospitalization for Medicare Beneficiaries. Part B, covers visits to physicians and outpatient care. Part B has a premium, $96.40 per month for most people, more for individuals earning over $85K per year. Part C is coverage for people joining HMO, PPO and PFFS plans, and Part D is the new outpatient prescription drug benefit of Medicare and Social Security. The average monthly premium for this is approximately $35 per month.

1 comment:

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