The ABCD's of Medicare:

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Part A, Hospital Services, begin at age 65 (or under 65 for qualified disabled individuals) and are provided by the government, with no premiums due for most Medicare beneficiaries.

Part B, Medical Services, begin at age 65 (or under 65 for qualified disabled individuals), are provided by the government, and has a monthly premium due based on your income, which is typically withdrawn from your Social Security.
 

Part A & B DO NOT cover everything, Part C, D, and Medicare Supplements can be paired with Part A & B.

Part C, Medicare Advantage Plans are a result of the government outsourcing Medicare duties, such as claims processing, to private insurance companies. Deductibles, co-pays, and additional monthly premiums apply and not all doctors are in network. Depending on the type of plan you choose, monthly premiums can be as low as $0.00.

Part D, Prescription Drug Coverage, is purchased separately from a private insurance company and typically ranges from $10 to $100 monthly, depending on the plan you choose.

Medigap/Medicare Supplements cover the gaps of coverage in Part A & Part B and can be purchased from a private insurance company. There are several different supplement plans offered. You can purchase a supplement with a rich benefit that will leave you with a minimum out of pocket expense after your monthly premiums are met.