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.

Clipboard with paper that says Medicare in large font and Parts A-D listed below.
(Image credit: Getty Images)

Medicare can be complicated, especially if you are a new enrollee or someone checking their plan during the Medicare open enrollment period, which is currently underway. Keep in mind that open enrollment will close in less than a week on Thursday Dec. 7.

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. Below is a quick explanation of each part of 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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