Medicare IRMAA: What Is It and When Does It Apply?

By
Mary Desroches
-

2What Does Medicare Cover?

Medicare offers 4 parts, which cover different healthcare services. These include:

– Part A covers hospitalization expenses, such as inpatient services, hospice care, wheelchairs, walkers, blood transfusions, and more.

– Part B covers the costs for preventive healthcare, such as regular tests or doctor visits, and doctor’s services. Common tests and services covered by Part B include diabetes supplies, medical equipment, hepatitis and flu vaccinations, emergency department and ambulance services, as well as screening for diabetes, depression, and cancer.

– Part C, also known as Medicare Advantage, covers all expenses in parts A and B, along with additional benefits, such as vision, hearing, dental, prescription medications, and others.

– Part D covers prescription medications

Medicare does not provide coverage for long-term care, eye exams, dental care, acupuncture, hearing aids, and cosmetic surgery. [2]

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