Understanding Medicare: What You Need to Know Before You Enroll

Explore Your Medicare Options and Get the Coverage You Deserve

What Is Medicare? Medicare is a federal health insurance program for people age 65 and older, and for some younger individuals with disabilities.
It helps cover hospital stays, doctor visits, prescription drugs, and more.
The 4 Parts of Medicare: ✅ Part A – Hospital Insurance Covers inpatient hospital stays, skilled nursing facility care, hospice, and some home health services.
✅ Part B – Medical Insurance Covers outpatient care, doctor visits, preventive services, and durable medical equipment.
✅ Part C – Medicare Advantage Offered by private insurers, these plans include Parts A and B and often Part D.
May offer extras like dental and vision.
✅ Part D – Prescription Drug Coverage Helps cover the cost of prescription medications.
Plans are offered by private insurers.
Who Is Eligible for Medicare? You’re eligible if: You’re 65 or older You’re under 65 and have a qualifying disability You have end-stage renal disease (ESRD) or ALS When Can You Enroll? 📅 Initial Enrollment Period – 3 months before, the month of, and 3 months after your 65th birthday.
📅 Annual Open Enrollment – October 15 to December 7 each year.
📅 Special Enrollment Periods – For life changes like moving or losing other coverage.
What Does Medicare Cost? Part A is usually free if you’ve paid Medicare taxes Part B has a standard monthly premium Advantage and Part D plans have varying premiums and co-pays Medigap (Supplemental Insurance) can help with out-of-pocket costs What About Medicare Supplement (Medigap)? Medigap policies help pay costs like deductibles, co-payments, and coinsurance not covered by Original Medicare.
You must have Part A and Part B to enroll.
How to Choose the Right Plan Compare your current health needs Look at your prescriptions Check if your doctors are in-network Review plan costs and coverage extras Consider if dental, vision, or hearing are important to you Final Thoughts: Medicare is a vital part of your retirement plan.
With the right guidance and understanding, you can make informed choices that protect your health and your wallet.