Medicare Benefits: A Quick Refresher

It is that time of year again, the time of the year dreaded by adults worldwide, it is the time to enroll in your medical/health plan for next year.  This is no different for those who are on Medicare, who must prepare fully for the next year just like anyone else.  For those who may be new to the process or those who have forgotten, here is a quick Medicare benefits refresher.

Medicare Benefits Part A:  This coverage is provided at no cost to those who qualify, no cost in reference to a monthly premium, though in 2009 the deductible for the year is $1,100.  This is for hospitalizations for the individual listed on the plan.

Medicare Benefits Part B: This coverage is provided to those who qualify at an average of $96.40 per month with a deductible this year of $155.  This is to cover the cost of doctor visits or visits to other healthcare professionals.

Medicare Benefits Part C:  Individuals that enroll in this coverage do so to lower the out-of-pocket costs by using the Medicare Advantage Network for fee-for-service plans.

Medicare Benefits Part D:  This coverage is provided to those who qualify for $31.94 per month with an annual deductible of $310.  This is the only stand alone drug plan offered to seniors, without this plan seniors are responsible for 100% of their drug costs.