Why Do I Need Medicare Part C?

Why Do I Need Medicare Part C?

Because it covers drug costs, but only if you have Medicare Part A and Part B.

In 2015, Medicare Part B covers outpatient prescription drugs, but only after you have spent a certain amount out of pocket each year.

The good news is, Part C plans often cost less than Part B, even for people with some Medicare coverage or a lot of savings. You can compare Part C plans and find the one that works best for you.

While Part C plans are required to cover prescription drugs, they decide what medications they'll pay for.

Medicare Part C, your prescription drug coverage, is optional. If you have Medicare and no other coverage, you do not need Part C.

How much will Medicare Part C cost?

Medicare Part C costs are based on the coverage you choose. They range from low to high.

Medicare Part C premiums, co-payments, and deductibles are the same regardless of your income.

How much is Medicare Part C?

That depends on the plan you choose. With Part C, you pay a premium, a deductible, and a co-payment.

Premiums

The Part C premium is a monthly, flat fee you pay for your coverage.

The premium is one of the ways you pay for Part C.

The premium can be different based on the specific plan you choose.

Deductible

The Part C deductible is $320 in 2015.

Once you've paid more in your deductible than $320, you then pay a co-payment of 20% of the cost.

Co-payments

The Part C co-pay is 20% of the cost for prescriptions that both Medicare and your part C plan cover.

So if your co-pay is $10, that means you pay $10 out of your pocket, and the other $10 is covered by your Part C plan.

If you have a Medicare Advantage Plan, your co-pay is the same as it is for a Part D plan.

Understanding Part C coverage

Medicare covers Part A and Part B. Part C covers Medicare Part A and Part B. Part C covers all Medicare Part D.

Part C plans are required to cover the Part D drugs on the formulary, but they choose which drugs to cover.

This means that some Part C plans cover all Part D drugs. Others cover none.

The good news is, the cost for Part C is often cheaper than for Part D.

Once you have Medicare Part A and Part B, you're automatically enrolled in Part C.

You do not need to apply for Part C.

You can buy a Part C policy from any company that offers Medicare Advantage plans.

If you have a Medicare Advantage Plan, your coverage is the same as what you get with Part D.

There are no premiums or co-pays for Part D medications. This is because you're paying for it with a premium you pay for Part C.

Medicare Part D covers prescription drugs.

This means you get your Part C coverage that's in addition to your Part D coverage.

To understand all of the ways Part C can cover you, see what your coverage looks like.

Things to know about Part C:

If you decide to buy Part C, you're automatically covered for Medicare Part A and Medicare Part B.

and Medicare Part B. You must decide if you want to buy Part C. If you do, you can compare plans and buy one online.

You pay a premium for Part C. The premium, like Part D, can vary depending on the plan you choose.

Part C does not cover hospital services.

Part C does not cover the Part A deductible, coinsurance, or copayment.

Part C does not cover doctors' services.

Part C does not cover any medical services.

How much do you pay for Medicare Part C?

The Part C premium will depend on the plan you choose.

Medicare Part C premiums vary depending on the plan you choose.

Some plans may require a higher premium depending on the state you live in.

The premiums are the same for everyone, regardless of your income.

Medicare Part C deductible

Once you've paid more in the deductible than $320, you then pay a co-payment of 20% of the cost.

Medicare Part C co-pay

So if your co-pay is $10, that means you pay $10 out of your pocket, and the other $10 is covered by your part C plan.

Medicare Part C coverage

Medicare Part C coverage is every bit as good as Part D coverage.

Medicare Part C coverage is every bit as good as Part D coverage. Medicare Part C coverage only covers drugs.

Medicare Part C does not cover hospital services.

What is Medicare Part D?

Medicare Part D, your prescription drug coverage, is voluntary.

In 2015, Medicare Part D will cover prescriptions for people with Medicare Part A or B.

The good news is, Part D helps you pay for prescription medications.

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