| Part A |
Institutional insurance program which covers:
- Hospital inpatient
- Skilled nursing facility
- Hospice
- Home health care
|
| Part B |
Medical insurance program which covers: - Physician care
- Hospital outpatient
- Laboratory tests
- Medical supplies
- Home health
|
| Part C |
Managed care plans that provide Part A and B benefits to
those members that opt to enroll. Known as Medicare Advantage. |
| Part D (available in 2006) |
Drug discount cards available in 2004 to help members save
on prescription drugs. New prescription drug benefit will
be effective in 2006. All members will be able to enroll in
plans that cover prescription drugs. - Members will select
the drug plan and pay a premium monthly.
- Members will be
responsible for a $250 deductible.
- Medicare will then pay
75 percent of costs between $250-$2,250 in prescription spending
and the beneficiary will be responsible for 25 percent.
-
Members will be responsible for 100 percent of prescription
costs above $2,250 until they have reached $3,600 in out of
pocked spending.
- Once members have exceeded the $3,600 out
of pocket, Medicare will pay 95 percent of prescription drug
costs.
|
