The first 2 cuts are explained as such:
PART A covers care you receive while an inpatient during a stay at a hospital or skilled nursing facility
PART B covers doctor visits, clinic services and care you receive as an outpatient
This is half of the pizza also known as Original Medicare. Next, we are cutting another slice.
PART C combines Part A and Part B into one plan. This plan is also known as a Medicare Advantage Plan. They are offered through private insurance companies. They offer the same or better than original Medicare. Many plans offer additional benefits including hearing, vision and wellness programs.
The bonus letter in our Medicare explanation is D which covers your prescription drug plan.
PART D covers many generic and brand-name prescription medications. Each plan creates a list of drugs that it will cover.