For the majority of people, age 65 is when most will begin their Medicare coverage and then also when they will likely need a Medicare Supplement Plan.
There’s likely a number of other important and sometimes confusing decisions that need to be made during this time.
Medicare cover is provided in parts…
Part A covers inpatient hospital stays, care in a skilled nursing facility, hospice care, and some home health care.
Part B covers certain doctors’ services, outpatient care, medical supplies, and preventive services.
A type of Medicare health plan offered by a private company that contracts with Medicare. Medicare Advantage Plans provide all of your Part A and Part B benefits. Medicare Advantage Plans include:
If you’re enrolled in a Medicare Advantage Plan:
Most Medicare Advantage Plans offer prescription drug coverage.
Part D adds prescription drug coverage to:
These plans are offered by insurance companies and other private companies approved by Medicare. Medicare Advantage Plans may also offer prescription drug coverage that follows the same rules as Medicare Prescription Drug Plans.
Qualifying for Medicare is based on your, or your spouses, work record. And if you don’t qualify, you’ll need to pay for cover.
You qualify for full Medicare benefits at age 65 or older if:
If you do not qualify on your own or your spouse’s work record
Provided that you’re a U.S. citizen or have been a legal resident for at least five years, you can still get full Medicare benefits at age 65 or older by:
As we age, health insurance becomes even more important, and we suggest you consider getting cover very seriously.