What Is Medicare?
Medicare is health insurance for the following:
- People 65 or older
- People under 65 with certain disabilities
- People of any age with End-Stage Renal Disease (ESRD) (permanent kidney failure requiring dialysis or a kidney transplant)
When can I sign up for Medicare?
| 3 months before the month you turn 65 |
2 months before the month you turn 65 |
1 month before the month you turn 65 |
The month you turn 65 | 1 month after the month you turn 65 |
2 months after the month you turn 65 |
3 months after the month you turn 65 |
|---|---|---|---|---|---|---|
| Sign up early to avoid a delay in getting coverage for Part B services. To get Part B coverage the month you turn 65, you must sign up during the first 3 months before the month you turn 65. | Sign up early to avoid a delay in getting coverage for Part B services. To get Part B coverage the month you turn 65, you must sign up during the first 3 months before the month you turn 65. | |||||
What does Medicare Cost?
- Part A
- Hospital
Insurance
- Most people don’t pay a Part A premium because they paid Medicare taxes while working
- Detailed Information Click Here
- Part B
- Medical Insurance
- If you have Part B, you pay a Part B premium each month.
- Detailed Information Click Here
- Part D
- A prescription drug option run by Medicare-approved private insurance companies
- Each plan can vary in cost and drugs covered.
- Part D Detailed Information Click Here
What is Medigap/Medicare Supplement Insurance
- Covers what medicare doesn't pay
- There are up to 12 different standardized Medigap plans (Plans A through L)*
- Each plan each plan has a different set of basic and extra benefits
- Each plan is standardized so all companies plans provide the same benefits
- Each insurance company decides which Medigap policies it wants to sell
- Although each plan is the same for all insurance companies, the costs vary
- You will have to pay a premium to the Medigap insurance company
- *For more Info on Medigap Insurance Click Here
What is Medicare Advantage also known as Part C?
- Medicare Advantage is NOT a government program
- Medicare Advantage is selected instead of Medicare which is offered by the government
- Each Medicare Advantage Plan can charge different out of-pocket costs.
- For more info on Medicare Advantage click here