Medicare Coverage Options Part C Medicare Advantage These private plans provide benefits and services covered under Parts A and B and may offer additional coverage such as vision, hearing, dental, and/or health and wellness programs. Part C plans often include prescription drug coverage. There is usually a monthly premium in addition to the Part B premium, as well as copayments or coinsurance for covered services. Part D Prescription Drug Coverage These plans help cover the cost of prescription drugs. Participants in Original Medicare Parts A and B — and those enrolled in Medigap or a Part C plan that does not offer prescription drug benefits — can purchase prescription drug coverage for an additional premium. In 2022, Medicare covered about 57 million people ages 65 and older and 7.9 million disabled individuals. Source: Boards of Trustees of the Federal Hospital Insurance and Federal Supplementary Medical Insurance Trust Funds, 2023 Part A Hospital Insurance Helps cover inpatient care in a hospital (but not physicians’ fees), a limited amount of post-hospital care in a skilled nursing facility, hospice care, and some home health care. The annual deductible ($1,600 in 2023) covers hospital stays up to 60 days, after which there are daily copayments for days 61 to 150. Part B Medical Insurance Helps cover physicians’ services, inpatient and outpatient medical services, outpatient hospital care, and diagnostic tests. There are some fairly stiff deductibles, copayments, and limitations. Copays are generally 20% of Medicareapproved amounts.