• view all showtimes

What You May Not Know About Insurance for Retirement - The Parts and Costs of Medicare

The parts and costs of Medicare. Medicare has specific parts: Part A is hospital insurance and is free for most people; Part B is medical insurance, and you pay a monthly premium. Both Parts A and B have deductibles, co-pays and other costs for services not fully covered that you may have to pay out of pocket. A few medical expenses you may be responsible for with Medicare include:

  • Medicare Part A deductible
  • Annual Medicare Part B deductible
  • Generally 20 percent of covered Medicare-approved charges in excess of the Part B deductible
  • Unassigned Part B claims in excess of the Medicare-approved amount (not to exceed the limiting charges)

Supplemental insurance plans are available to help cover these out-of-pocket expenses.

Download your FREE copy of Retirement in Sight for more insights on retirement.