Whether you’re taking Social Security income benefits or not, you’re eligible for Medicare at 65. Some people are eligible before 65 if they have been receiving Social Security Disability benefits for 24 months, or they have End-Stage Renal Disease (ESRD, aka chronic kidney disease) or Amyotrophic Lateral Sclerosis (ALS), aka Lou Gehrig’s disease.
Parts of Medicare
Medicare has four main parts: A, B, C, and D. Original Medicare (Parts A and B) are provided by the federal government and cover 80% of medical costs. Part A is free and Part B has a premium, which is currently $164.90 (2023). Parts C and D are offered by private insurance companies.
Need more predictable out-of-pocket costs? I can enroll you in a Medicare supplement plan that can help fill the gaps in your Medicare Part A and B coverage, so there are fewer surprise expenses. *Popular plans are N and G. These plans have a monthly premium.
Medicare Advantage (Part C)
Let me help you simplify your Medicare coverage. A Medicare Advantage plan combines hospital, doctor, and prescription drug coverage. These compact plans may also include other benefits not offered through original Medicare (gym membership, OTC, etc.). Many plans have no additional monthly premium!
Prescription Drug Plans (Part D)
If you enroll into a Medicare Supplement plan, then you will also need a PDP so that you do not incur penalties. *Regardless if you are currently taking any prescription medications or not!
Many clients enrolled into a Medicare plan (Supplement or Advantage plan) when they first became eligible and are unaware of the wide variety of plans and options that are available today. Life changes and so does our health coverage needs. A quick review can help determine if your plan still fits your current needs!
Medicare explained! Whether you are turning 65 or you have just recently became eligible for Medicare due to disability, here's what you need to know!
Health coverage after retirement and before Medicare. Let me help you save money AND avoid the dreaded five letter word (COBRA)!
Outside of employer coverage there are two options: Marketplace or Short term health insurance.