i65 educational video:
"Part Two: Understanding the Three Parts and Two Paths of Medicare ”
UPDATED 2024
Describing Medicare as 4 parts is not really accurate and can actually be quite confusing.
At i65, we prefer to teach that Medicare has 3 parts (Part A - hospital insurance, Part B - medical insurance, and Part D - prescription drug coverage) and 2 paths (Original Medicare or Medicare Advantage) on which to get those 3 parts.
In this video, you'll learn the differences between the three parts of Medicare as well as the two paths. You'll also learn why your initial path choice is so important — and potentially costly if you get it wrong.
- Why we teach 3 parts and 2 paths of Medicare
- Medicare Part A
- Medicare Part B
- Medicare Part D
- Introducing the paths of Medicare
- The path of Original Medicare
- What is a Medigap policy?
- What is a Guaranteed Issue Right?
- Typical costs of Original Medicare
- The path of Medicare Advantage
- The rules of Medicare Advantage Plans
- Typical costs of Medicare Advantage
- Why path decision can become permanent – the bridge