What Are The Parts Of Medicare?
There Are 4 Parts Of Medicare: Parts A, B, C, And D.
The 4 parts of Medicare provide coverage for different service:

Part A Covers Inpatient Hospital Services.

Part B Covers Outpatient Medical Services.

Part C Is A Medicare Advantage Plan Offered By Private Companies Approved By Medicare, And Cover Part A And Part B Services.

Part D Provides Prescription Drug Coverage To Lower The Cost You Pay For Medications.

When Does Medicare Coverage Start?
Medicare coverage may start the first day of the month you turn 65. For example, if your birthday is 10/10/1948, your Medicare will start 10/01/2013. However, if your birthday is on the first of the month, your Medicare will start a month before your birth month on the first. For instance, if your birthday is 10/01/1948, then your Medicare will start 09/01/2013.

You may have a different Medicare start date if you delay Medicare coverage.
Learn About The Different Parts Of Medicare
Medicare Part A
Medicare Part b
Medicare Part c
Medicare Part D

The premium cost of Medicare Part A depends on the number of quarters you worked. Most people have worked 40 quarters or more, so Part A premium cost is zero. The Part A deductible is $1,556 in 2022 for each benefit period of 60 days or less.

For example, you become a hospital inpatient on January 1, 2022 and pay $1,556 deductible. Then 60-days later on March 2, 2022 a doctor admits you as a hospital inpatient and you pay $1,556 deductible again. Therefore, the worst case scenario a Medicare beneficiary goes in and out of the hospital 6 times in the year and pays maximum $9,336 total in Part A deductibles.

To avoid the expensive cost of multiple hospitalizations, you could buy a Medicare Supplement Plan by calling Carida Insurance at 833-420-2702 or get your quote.

Medicare Part B covers the following services:
  • Medical outpatient services for stays at any hospital or medical facility for less than 24 hours. For example, a stay that occurs overnight but for less than 24 hours is outpatient service.
  • Preventive services to prevent illness such as seasonal flu-shot and annual wellness visits.
Medicare outpatient coverage includes:
  • Ambulance Service – transportation to a medical facility.
  • Doctor Visits – anytime to see your primary doctor or specialist.
  • Mental Health – psychotherapy and counseling to treat conditions such as anxiety and depression.
  • Durable Medical Equipment – devices that assist with your medical conditions. For example, blood sugar monitors, oxygen equipment, and wheelchairs.
Medicare preventive coverage includes:

Preventive services cover screening tests that help detect health conditions at early stages when treatment is most effective. If you qualify, you many pay nothing for the following preventive screening tests:
  • Nutrition Therapy Service – you pay nothing if you have diabetes or kidney disease.
  • “Welcome to Medicare” preventive visit – you pay nothing as long as the doctor does not perform additional tests or services.
  • Yearly Wellness Visit – available every 12 months as long as the doctor does not perform additional tests or services.
To receive Part B coverage you need to pay a monthly premium. In 2022, the standard premium for Part B is $170.10.

Medicare Part C is an alternative to Original Medicare and covers Part A (Hospital Insurance) and Part B (Medical Insurance). Part C is also known as a Medicare Advantage (MA) plan.

MA plans often include Medicare Part D prescription drug coverage. Moreover, many MA plans include extra benefits not covered by Original Medicare. For example, MA plans may include dental, vision, and hearing. Some MA plans even include gym memberships such as Silver Sneakers! MA plans are offered through a network of healthcare providers HMO or PPO.

To enroll in Medicare Advantage plan (Part C) you must first be enrolled in Part A and Part B. Most Medicare beneficiaries pay no premium for Part A. However, beneficiaries new to Medicare will have to pay Part B monthly premiums. Furthermore, you may need to pay a monthly Part C premium.

Part D saves you money on prescription drugs. Specifically, it reduces your cost for brand-name and generic drugs. For example, rather than paying the full retail price for medications, you only pay small copayments with Part D.

You must have either Part A or Part B to join a stand-alone Part D drug plan with Original Medicare. However, you must have both Part A and Part B to join a Medicare Advantage (Part C) plan.

All stand-alone Part D drug plans have a monthly Part D premium. The amount you pay in 2022 depends on the income reported on your 2020 tax return. Some Part D plans have an annual deductible which can not be more than $480 in 2022. However, other drug plans may have little or no deductible.

After the out-of-pocket deductible, you pay either a copay or coinsurance for each prescription drug. For example, you may pay less for drugs in tier 1 and more for drugs in tier 2.

In 2022, you enter the donut hole after you and your plan spends $4,430. Then you pay no more than 25% coinsurance for the plan’s covered brand-name and generic prescription drugs. After total out-of-pocket drug costs are $7,050, you exit the donut hole.

How Do I Pay For Medicare?

Discover the easy way to pay your Medicare premiums. Medicare Easy Pay is a free, electronic payment option. It automatically deducts your Medicare premium from your bank account each month. In other words, it automatically pays your Medicare premiums every month and removes the burden of you paying it yourself.

Common Questions About Carida

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What Is My Medicare Claim Number?
Your Medicare Claim Number used to be your social security with a letter after it. However, your social security number on Medicare cards were replaced with a new Medicare Number to prevent identify theft and taxpayer fraud.

Each new Medicare Number is unique to each beneficiary, has 11 characters, and composed of numbers and uppercase letters. It excludes the letters (S, L, O, I, B, Z) which could be interpreted as numbers.
Is Medicare Free?
What Is Not Covered By Medicare Part A And Part B?
What Is Medicare Coinsurance?
Coinsurance is your share of insurance costs after you pay the deductible. For Medicare Parts A and B your coinsurance cost is 20%. For example, after you pay the Part A deductible you owe 20% of the hospital bill.

Hospital Coinsurance In 2022
  • First 60 Days Your Coinsurance Is $0.
  • Days 61 – 90 Your Coinsurance Is $389/Day
  • Days 91+ Your Coinsurance Is $778/Day
What Is A Medicare Deductible?
Medicare deductible is an amount of money that you are require to pay before your insurance plan will pay anything towards your bills.

Deductible Examples
  • Medicare Part A Will Have $1,556 Deductible When You Go To The Hospital In 2022. This Means That You Have To Pay The First $1,556 Before Medicare Part A Will Step In And Pay Anything.
  • Medicare Part B Has An Annual Deductible Of $233 In 2022. This Means That You Have To Pay The First $233 Of Your Medical And Doctor Bills Before Medicare Will Step In And Pay Anything.
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