Medicare is the foundation of health coverage for older Americans. Here is what it includes, what it costs, and how to get the right plan.
What does Medicare include?
Medicare has four parts. Part A pays for inpatient hospital, skilled nursing, hospice, and some home health care, and is premium-free for most. Part B pays for doctor visits, outpatient care, and preventive services. Parts A and B together are Original Medicare. Part C (Medicare Advantage) is a private all-in-one alternative, and Part D covers prescription drugs. Many people add a Medicare Supplement (MEDIGAP) policy to cover the gaps Original Medicare leaves. To learn which combination fits you, call 1-800-MEDIGAP.
How much does Medicare cost in 2026?
Most people pay no premium for Part A but face a $1,736 hospital deductible per benefit period in 2026. The standard Part B premium is $202.90 per month with a $283 annual deductible, and higher earners pay IRMAA surcharges (CMS). Original Medicare then covers about 80% of Part B services, leaving you the remaining 20% with no spending cap. A MEDIGAP plan can cover most of that gap. Call 1-800-MEDIGAP for a cost estimate tailored to you.
How do I get help choosing Medicare coverage?
Choosing between Original Medicare with a MEDIGAP plan and Medicare Advantage depends on your doctors, medications, travel, and budget. A licensed agent can compare plans, check that your prescriptions are covered, and confirm your enrollment deadlines so you avoid penalties. This guidance is free and carries no obligation. Call 1-800-MEDIGAP to speak with a licensed agent who can walk you through every option in plain English.