Medicare has four parts: A covers hospital stays, B covers doctor visits, D covers prescriptions, and C combines all three. Part A is typically free when you enroll at 65. Understanding these parts matters if you're retiring soon.
The cost of our healthcare typically increases as we get older, and Medicare will be our primary source of healthcare insurance. So if you're turning 65, or if you're over age 65 and about to retire, you need to understand how Medicare works. Medicare has 4 parts: A, B, C, and D. Part A and Part B are known as Original Medicare. Part D is for prescription drug coverage, and Part C can combine all three. Part A helps to cover hospitalization, including rooms and meals, tests and lab work, physician and nursing services. For most people, enrollment in Part A begins on the first day of the month you turn 65, and for most people, there is no cost for Part A, so you will automatically be sent your Medicare card by mail. Part B helps to cover doctor visits and outpatient care, including routine examinations, mammograms,
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