Guide to Understanding Medicare

The Different Parts of Medicare

Guide to Understanding Medicare / Parts of Medicare Explained

Section Outline

Part A (hospital insurance)

Medicare Part A helps pay for inpatient hospital stays, skilled nursing facilities, home healthcare, hospice, and other related services.

Part B (medical insurance)

Medicare Part B helps pay for medically necessary doctors’ services, lab work, and other outpatient care.

Part C (Medicare Advantage plans)

Part C (Medicare Advantage plans) are provided by private health plans and include all your Medicare-covered medical benefits (Parts A and B) plus extra benefits. You must have Medicare Parts A and B to apply for a Medicare Advantage plan.

Part D (prescription drug coverage)

Medicare Part D is offered through private health plans. It can be either a stand-alone prescription drug plan (PDP) or a Medicare Advantage prescription drug plan (MAPD) that combines medical (Parts A and B) and drug coverage (Part D). You must have Medicare Parts A and B to qualify.

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HealthTeam Advantage, a product of Care N’ Care Insurance Company of North Carolina, Inc., is a PPO and HMO Medicare Advantage plan with a Medicare contract.  Enrollment in HealthTeam Advantage depends on contract renewal.

Limitations, copayments, and restrictions may apply. Benefits, premiums and/or copayments/coinsurance may change on January 1 of each year. The formulary, pharmacy network, and/or provider network may change at any time. You will receive notice when necessary. Every year, Medicare evaluates plans based on a 5-star rating system.