Medicare Part A vs Part B

Choosing a health insurance policy is most of the time a daunting task. There are several government and private policies that make the task hard to choose the best one. Medicare, which is a federally funded health insurance program, is a good choice. The Medicare policy is divided into two types: Original Medicare Plan and Medicare Advantage Plan. Each of these consists of four subdivisions: Part A, B, C, and D.
Both Medicare Part A and B are federally funded plans that comes with different coverage. Part A can be called hospital insurance whereas Part B can be termed as medical insurance. Part A is free, and the patients need not pay a premium for the coverage. This facility covers inpatient care, nursing facilities, hospital facilities, and critical access to hospitals. Part A also covers home health and hospice.
Part B insurance will compensate for the all medically necessary supplies and services. People have to pay some premium for availing themselves of the Part B coverage. Part B insurance covers outpatient care, physical/occupational therapists, doctor’s services, and home health care.
For getting Medicare coverage, one should be 65 years old and must have paid to Social Security or to the Railroad Retirement Fund when they were employed. This policy is also available to disabled individuals below 22 years of age and also to those who are receiving Social Security benefits because of retirement or disability.

For Part B, there is no need for any Social Security credits. Part B is just optional and covers additional benefits that are not covered under Part A.

Summary:

1.Both Medicare Part A and B are federally funded plans that come with different coverages.
2.Part A is free, and the patients need not pay a premium for the coverage. People have to pay some premium for availing themselves of the Part B coverage.
3.Part A can be called hospital insurance whereas Part B can be termed as medical insurance.
4.Part A covers inpatient care, nursing facilities, hospital facilities, and critical access to hospitals. Part A also covers home health and hospice. Part B insurance will compensate for all medically necessary supplies and services. It also covers outpatient care, physical/occupational therapists, doctor’s services, and home health care.
5.For getting Medicare coverage, one should be 65 years old and must have paid to Social Security or to the Railroad 6.Retirement Fund when they were employed. But for Part B, there is no need for any Social Security credits.

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