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Fortune
Fortune
Richard Eisenberg

The 5 most important things to know about Medicare so you don't overpay

Home health nurse providing care for patient (Credit: Getty Images)

Medicare is one of the U.S. government’s most popular programs, but it's also one of the most confusing. 

It’s an alphabet soup of different programs with different rules: There’s Medicare Part A (hospital and home care), Part B (doctor’s bills and outpatient care), and Part D (prescription drugs). And you also need to understand the difference between original or traditional Medicare and private insurers’ Medicare Advantage plans, known as Part C. 

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