What You Must Know About the Different Parts of Medicare

Medicare can be complicated, but we've got you covered. Here is a quick guide to the different benefits provided through each part.

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Medicare can be complicated, especially if you are a new enrollee or someone checking their plan during the Medicare open enrollment period, which is October 15 to December 7 annually.  

It's important to understand what benefits you will receive so you can decide if you want prescription drug coverage, an Advantage plan, or additional coverage through Medigap. Staying up-to-date about changes to Medicare taking effect in 2026 will help you select the best plan when the time comes. Below is a quick explanation of each part of Medicare.

The 2026 version of the "Medicare & You" handbook will be out in September; you can still download a PDF copy of the 2025 edition. The publication has a rundown of Medicare benefits, health and drug plans, your rights and protections, and answers to the most frequently asked questions about Medicare.

If you're in a Medicare Advantage Plan or other Medicare plan, your plan may have different rules. But your plan must give you at least the same coverage as Original Medicare. Some services may only be covered in certain facilities or for patients with certain conditions.

Senior Retirement Editor, Kiplinger.com

Jackie Stewart is the senior retirement editor for Kiplinger.com and the senior editor for Kiplinger's Retirement Report. 

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