Every day, roughly 10,000 people in the United States celebrate their 65th birthdays, adding to the nation’s ever-growing population of more than 54 million seniors.
The vast majority of these older adults aged 65+ will have access to Medicare. Of all Medicare beneficiaries, 54.5% are enrolled in Original Medicare, which consists of Medicare Parts A and B.
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The facts on Original Medicare
Medicare Part A is hospital insurance. It covers hospital care, home healthcare, skilled nursing care, surgery, and other inpatient health services.
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Meanwhile, Medicare Part B covers a range of medically necessary services and preventive services — including lab tests, vaccines, clinical research, ambulance services, durable medical equipment, mental healthcare, and other outpatient services.
However, there’s a long list of things that aren’t covered by Original Medicare — like long-term care, dental care, vision care, foot care, hearing aids, and more. Additionally, Medicare Parts A and B both come with cost-sharing charges and other out-of-pocket costs that you’ll have to foot on your own.
For instance, even though you most likely…
