Medicare’s primary benefits consist of two types of coverage, which comprise Original Medicare:
Medicare Part A (Hospital Coverage)—This coverage pays for hospital services. It might pay for inpatient hospitalizations, surgeries, IV treatments and similar care.
Medicare Part B (Medical Insurance)—This coverage is for your everyday health care needs. Part B pays for regular checkups, lab services, X-rays, vaccinations and other outpatient costs.
These benefits remain the same for all Medicare beneficiaries and are mainly supported by the federal government and payroll taxes.