Medicare can be complicated, especially if you are a new enrollee.
But 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.
Part A covers inpatient care at hospitals and skilled nursing facilities as well as hospice and some home health care. If you paid Medicare payroll taxes for at least 40 quarters, the Part A premium is free. For 2021, a $1,484 deductible applies as well as coinsurance for hospital stays longer than 60 days. For more details, go to "Medicare costs at a glance."