What services does Medicare cover?

You’ve probably heard that Medicare doesn’t cover everything. But what does Medicare cover? Original Medicare – now called Medicare Part A and Medicare Part B – provides your basic hospital and medical coverage. The following are the types of services covered under Parts A and B:

Medicare Part A – Hospital insurance

This portion of your plan pays benefits for the following services:

  • Inpatient hospital stays
  • Inpatient skilled nursing facility care, except for custodial or long-term care
  • Home health services for part-time care, including:
    • Skilled nursing care
    • Physical therapy
    • Speech therapy
  • Hospice care

Medicare Part B – Medicare insurance

This portion of your plan pays benefits for:

  • Doctors’ services
  • Outpatient hospital services
  • Medical services and supplies
  • Home health services
  • Certain preventive care

What else should you know?

In order for Medicare to cover your healthcare services, your providers must meet certain requirements, such as:

  • The hospital participates in the Medicare program
  • Your doctor accepts Medicare assignments
  • At-home and hospice providers are Medicare-approved
  • Services and supplies are covered by Medicare

Remember: certain expenses will still be your responsibility:

  • Monthly premiums
  • Annual deductibles
  • Coinsurance
  • Co-payments
  • Services or supplies not approved by Medicare
  • Charges above the Medicare-approved amount
  • Dental care
  • Vision care and eyeglasses
  • Long-term care
  • Ongoing home healthcare

For more information, read our recent Medicare blog post or watch our Medicare Supplement video:

Read more about what Medicare Supplement insurance can do for you or talk to a Bankers Life agent to learn more.

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