2024 Medicare & You

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10

Your Medicare options

When you first sign up for Medicare, and during certain times of the year, you can

choose how you get your Medicare coverage. There are 2 main ways to get Medicare:

Original Medicare

• Original Medicare includes Medicare

Part A (Hospital Insurance) and

Part B (Medical Insurance).

• You can join a separate Medicare

drug plan to get Medicare drug

coverage (Part D).

• You can use any doctor or hospital

that takes Medicare, anywhere in

the U.S.

• To help pay your out-of-pocket costs

in Original Medicare (like your 20%

coinsurance), you can also shop for

and buy supplemental coverage.

Medicare Advantage

(also known as Part C)

• Medicare Advantage is a

Medicare-approved plan from a

private company that offers an

alternative to Original Medicare for

your health and drug coverage. These

“bundled” plans include Part A,

Part B, and usually Part D.

• In many cases, you can only use

doctors who are in the plan’s network.

• In many cases, you may need to get

approval from your plan before it

covers certain drugs or services.

• Plans may have lower or higher

out-of-pocket costs than Original

Medicare. You may also have an

additional premium.

• Plans may offer some extra benefits

that Original Medicare doesn’t cover—

like certain vision, hearing, and dental

services.

Part A

Part B

You can add:

Part D

You can also add:

Supplemental

coverage

This includes Medicare

Supplement Insurance

(Medigap). Go to Section 5

(starting on page 75) to learn

more about Medigap. Or, you

can use coverage from a current

or former employer or union, or

Medicaid.

Part A

Part B

Most plans include:

Part D

Some extra benefits

Some plans also include:

Lower out-of-pocket

costs

Go to Section 3 (starting on

page 57) to learn more about

Original Medicare.

Go to Section 4 (starting on

page 61) to learn more about

Medicare Advantage.

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