Do You Need all Four Parts of Medicare?
In the United States, Medicare has been the national health insurance program for millions of beneficiaries over the age of 65 or those under 65 with qualifying disabilities since 1965. In the beginning, Medicare had two parts. Part A covers health care services in hospitals, and Part B covers outpatient health care services like doctor’s visits. In 1999, Medicare Advantage, also known as Medicare Part C, came into existence after the Balanced Budget Act was passed by the U.S. Congress in 1997. And finally, the fourth…