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Kiplinger
Kiplinger
Business
Jackie Stewart

What You Must Know About the Different Parts of Medicare

Close up image of stethoscope and paper clipboard with text MEDICARE and part list. Medical and healthcare concept.

Medicare can be complicated, especially if you are a new enrollee or someone reviewing their plan during the Medicare open enrollment period, which runs October 15 to December 7 annually.

It's important to understand what benefits you will receive so you can decide if you want Part D prescription drug coverage, a Medicare Advantage plan, or additional coverage through Medigap. Staying up-to-date about changes to Medicare taking effect in 2026 will help you select the best plan when the time comes. Below is a quick explanation of each part of Medicare.

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