Medicare is a vital healthcare program for millions of Americans, but understanding its costs can sometimes feel overwhelming. If you’re wondering about Medicare premiums, deductibles, and coverage in 2024, you’re in the right place. In this blog post, we’ll break down everything you need to know about Medicare Part A and Part B costs, so you can plan accordingly and avoid surprises.

What is Original Medicare?

Medicare consists of two main parts provided by the federal government:

• Medicare Part A (Hospital Insurance)

• Medicare Part B (Medical Insurance)

Everything else you hear about, such as Medicare Supplements (Medigap), Medicare Advantage Plans, and Medicare Part D (prescription drug coverage), are optional add-ons that enhance coverage. However, at its core, Medicare revolves around Parts A and B, which form the foundation of your healthcare benefits.