Original Medicare includes two parts: Part A (Hospital Insurance) and Part B (Medical Insurance). Original Medicare covers most, but not all of the costs for approved health care services and supplies. After you meet your deductible, you pay your share of costs for services and supplies as you get them. There’s no limit on what you’ll pay out-of-pocket in a year unless you have other coverage
medicare is an insurance product which covers medical and surgical expenses of an insured individual. It reimburses the expenses incurred due to illness or injury or pays the care provider of the insured individual directly.
Medicare covers healthcare costs for eligible individuals in the same way that health insurance does. There is no premium for the basic part of Medicare, but coverage is more limited than private health insurance—no free preventive care or ongoing care for chronic diseases.