Know Your Medicare ABC’s & Part D
Medicare is divided into ‘parts,’ covering different types of health benefits. These are commonly referred to as Medicare Part A, Part B, Part C and Part D.
Part A is for Hospital Care
Part A helps cover basic hospitalization for no monthly premium.
- You may have already enrolled in Part A when you turned 65, as it’s normally available at no cost
- You may still have to pay out-of-pocket costs for some services, including a deductible
- Most people who have been employed were automatically enrolled in Part A when they turned 65. Contact Medicare for more information.
Part B is for Doctor Visits
Part B helps cover medical services such as visits to a doctor’s office, outpatient care and some prescription drugs.
- You may have to pay a percentage of the cost for some services, in addition to your yearly deductible
- You usually pay a monthly premium, based on your income, which is usually deducted directly from your Social Security check. Get details.
- You may have decided you did not want to take Part B when you turned 65. As long as your employer has more than twenty employees, you can enroll now without having to pay a late penalty. Learn more.
Part C is a Medicare Advantage Plan
Part C is a special kind of Medicare option called a Medicare Advantage plan. These plans provide Part A and Part B benefits plus more, like eyewear and dental allowances.
- You must have Part A and Part B to enroll in C. See if you’re eligible.
- You usually pay a monthly premium to the health insurance company for a Part C plan, and continue to pay your Part B premium, which is deducted from your Social Security check each month.
- Medicare Advantage Plans are offered by private health insurance companies, like MVP. Explore these plans.
Learn more about MVP’s 2019 Medicare Advantage plans:
Part D is for Prescription Drug Coverage
This optional plan can help lower your prescription drug costs. You need to have Part A and Part B to be eligible for Part D.
- There are two ways you can get Medicare Part D:
- It’s included in a Medicare Advantage (Part C) plan or can be added to it
- You enroll in a stand alone Part D plan
- There is generally a monthly premium based on income for Part D coverage.
- Based on income, you may pay a Part D surcharge to Medicare, deducted from your Social Security check
- If you are low income or are on both Medicare and Medicaid, you may be eligible for extra help with Part D drug coverage. Get details.
NOTE: If you did not enroll in Part D when you first become eligible, or do not have coverage as good as Medicare’s, you may have to pay a penalty when you join now. Get details.
Important to know!
Medicare allows you to be a member of only one Medicare Advantage plan at a time. MVP offers the convenience of both medical coverage and Part D coverage together in one plan! If you join a Medicare Advantage HMO-POS or PPO plan and later choose a Part D drug plan from another insurance or pharmacy company, Medicare will:
- Enroll you in that drug plan for your Part D drug coverage,
- Automatically disenroll you out of your current Medicare Advantage plan, and
- Allow you to keep Medicare (Parts A and B) for your medical coverage for the remainder of the year, along with the other drug plan you chose.
Want more information?
Get MVP’s Quick Guide to MedicareGet Details
Request a FREE MVP Medicare Plan Benefit Kit
Speak with an MVP Medicare Advisor:
1-800-324-3899 TTY: 1-800-662-1220
Monday – Friday, 8 am – 6 pm Eastern Time. October 1 – March 31, Saturdays, 8 am – 12 pm.
Or call the MVP Medicare Customer Care Center
Monday – Friday, 8 am – 8 pm 1-800-665-7924 (TTY: 1-800-662-1220).
From October 1 – March 31, call us every day from 8 am – 8 pm.