The costs listed on the website are basic costs only, says Medicare. Users need to sign up for Medicare to find out what their specific costs are, which is done at MyMedicare.gov. This page also includes specific cost information for each individual Medicare plan and features a Medicare plan finder for new applicants.
The website lists costs at a glance with the monthly or yearly costs for that year, according to Medicare. This includes describing the annual deductible and monthly premium for Part B, the monthly premium for Part A, the hospital inpatient deductible for Part A and the monthly premiums for Part C and Part D.
Medicare Part A is the plan needed for hospital insurance, which includes coverage for acute and chronic problems, explains Medicare. It also includes coverage for inpatient and outpatient hospital stays. For regular medical care, patients choose Medicare Part B. Medicare Advantage is Part C, which is reserved for only certain individuals. Medicare Part D is the prescription drug coverage plan, which offers discounted prescriptions for patients approved for this plan.Learn more about Health Insurance