Medicare is complicated and can seem overwhelming. It can be broken down into four components–
Your Original Medicare coverage consists of Part A and Part B. These are provided to you by the Federal Government and will cover 80% of claims incurred. You’re automatically enrolled in Part A if you have been working and have paid towards it throughout your career. To obtain Part B please contact the Social Security office (800-772-1213).
The remaining 20% of your claims can be covered by obtaining a Supplement (these plans that are in addition to Original Medicare and aren’t subsidized by the Government) or Medicare Advantage plan (private coverage from an insurance company which replaces Original Medicare).