Sagun Financials provides a comprehensive guide to Medicare Parts A, B, C, and D to assist in making informed healthcare decisions. Understanding these four main parts helps clarify how they address different aspects of healthcare.
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Failing to enroll during the 7-month Initial Enrollment Period around your 65th birthday can result in lifetime penalties.
Plans can change every year. Review your coverage during the Annual Enrollment Period (October 15 – December 7).
Medicare Advantage plans often restrict you to specific provider networks. Verify that your preferred doctors and hospitals are in-network before enrolling.
Even if you do not currently take medications, failing to enroll in Part D when first eligible can lead to future penalties.
Low premiums may come with high deductibles or copayments. Always consider the total out-of-pocket costs.
Original Medicare has coverage gaps. Consider Medigap (Medicare Supplement) insurance to help with copayments and deductibles.
| Medicare Part | What it Covers | Typical Cost | Who Needs it |
|---|---|---|---|
| Part A | Inpatient hospital stays, skilled nursing facility care (limited), hospice, and some home health care | Usually $0 premium if you or a spouse paid Medicare taxes while working. | Everyone eligible for Medicare |
| Part B | Doctor visits, outpatient care, preventive services/screenings, durable medical equipment, and mental health services . | Standard premium is $174.70/month, though higher earners may pay more. | Everyone eligible for Medicare |
| Part C | An alternative through private insurers that includes all Part A and B coverage, often adding Part D and extra benefits like dental, vision, hearing, and fitness . | Varies by plan (range of $0–$200+). | Everyone eligible for Medicare |
| Part D | Adds brand-name and generic drug coverage to Original Medicare or other specific plans. | Varies by plan (range of $7–$100+). | Everyone eligible for Medicare |
The protection decisions you make today shape your financial stability tomorrow. Let our licensed advisors guide you toward confident, informed coverage choices.
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