- Medicare Part A, instituted in 1965, which contributes to nursing care, inpatient hospital care, home and hospice care.
- Medicare Part B, instituted in 1965, which contributes to physician services, outpatient hospital care, and other medical services.
- Medicare Part C, or "Medicare Advantage" instituted in 1997/2003, substitutes the services of Part A and Part B, but are offered through a private entity (with a part of payments made by the government).
- Medicare Part D, or "Medicare Prescription Drug Benefit" instituted in 2003/2006 subsidizes prescription drugs supplied through a private entity.
Tuesday, October 1, 2013
Medicare has four parts: