Suitability is key.
Take into consideration your health, lifestyle, travel plans, desired benefits, pharmacy, network and costs when choosing the right Medicare supplement or Medicare Advantage coverage.
Medicare Overview
What is Medicare?
Medicare is the federal program for people 65 or older, under 65 with disabilities and for those with end stage renal disease or Lou Gehrig’s Disease.
The federal Medicare program consists of Original Medicare, Medicare Advantage and Prescription Drug plans. Medicare does not cover all medical expenses or the cost of long-term care.
Who Is Eligible?
In general, citizens 65 years or older and persons on disability are eligible for Medicare. For those who have worked for 10 years, there may be no premium for Part A.
How Do I Enroll in Original Medicare?
If you are claiming Social Security you may be auto-enrolled. If you are not claiming, you will need to enroll at a Social Security office or online at www.SocialSecurity.gov.
Why Is It Important to Enroll?
There are regulations that can result in financial penalties for late enrollment. If you are working, you may or may not need to enroll in Part A and/or Part B. Other regulations involve COBRA, HSA contributions and whether your existing coverage is creditable or non-creditable. Your advisor can help with your decisions.
Fast facts
60.8 Million Americans have Medicare
Member Profiles - Types of Medicare Coverage*
23% Have only Original Medicare
20% Receive Medicare through an employer or union
34% Have a Medicare Advantage
23% Have Medigap Plan
72% Have Prescription Drug coverage
*Sourced from Medicare.gov