Medicare Benefits

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Medicare benefits are part of the Medicare federal health insurance program that helps pay for doctor bills, hospitalization costs, prescription drugs, and other related products and medical services. Medicare categorizes this insurance coverage into 4 groups, called parts. It is important to know that your Medicare benefits do not cover everything. Many people purchase a separate health plan with a commercial insurance provider to cover the gap between Medicare’s contribution and the actual cost of the service. This is known as supplemental insurance or Medigap. Below are the different parts of Medicare and their benefits.