Original Medicare includes A & B. Both have out of pocket costs.
Part C actually takes over Parts A, B & D and creates it’s own rules.
Part D is prescriptions.
|Part A||Part B||Part C||Part D|
Home Health Care
Medical Services & Supplies
NO LONGER PART OF MEDICARE
|RX Prescription Drugs|
|Costs||Payed with Payroll taxes all your working life*||Monthly premium $121.80 in 2016 (was $104.90 previously)||$0 to approx. $100/mo.||Approx $18/mo. – $100/mo.|
|Penalties||NA||10% of Part B premiums for each year you were eligible to enroll but didn’t** for the rest of your life||None||1% of average Part D premiums added to your monthly premium costs for the rest of your life|
*This is why working under the table can be extremely dangerous. If you don’t have enough quarters paying into Social Security & Medicare you may not qualify for benefits.
**If you do not have other creditable coverage.