We know how to make Medicare work for you.

Medicare can be complicated but we’re here to help. Let’s get started with the basics.

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ELIGIBILITY

Who is eligible for Medicare?

Medicare 101

Individuals must be a U.S. citizen or permanent legal resident for at least five consecutive years. You must also meet at least one of the following criteria for Medicare eligibility:
  • You are age 65 or older and eligible for Social Security
  • You are permanently disabled and have received disability benefits for at least two years
  • You have been diagnosed with End-Stage Renal Disease (ESRD) or Amyotrophic Lateral Sclerosis (ALS or Lou Gehrig’s disease)
Medicare 101

Do you have to take Medicare benefits at age 65?

Not necessarily. It depends on your individual situation. We strongly encourage you to speak to one of our advisors to evaluate your options and ensure you avoid any potential penalties.

Not ready to speak to an advisor?

COVERAGE & COSTS

What does Medicare consist of?

Medicare consists of four basic parts: Part A, Part B, Part C and Part D. Generally, the different parts of Medicare help cover specific services. Our advisors can help determine the combination of these four parts that is right for you.

The four parts of Medicare

Part A

Hospital
Covers hospital-related services

Part B

Doctor
Covers doctor’s office visits and outpatient hospital stays

Part C

Hospital
“Medicare Advantage” covers both Part A and Part B with additional coverage

Part D

Medicine
Covers prescription drugs

How much does Medicare cost?

  • Medicare Part A: You usually don’t pay a monthly premium for Medicare Part A coverage if you or your spouse paid Medicare taxes while working for at least 10 years. This is sometimes called “premium-free Part A” and most people get it. If you don’t qualify for premium-free Part A, you can buy Part A.
  • Medicare Part B: You pay a premium each month for Part B. The standard Part B premium amount in 2020 is $144.60 (or higher depending on your income). Most people pay the standard Part B premium amount.
  • Medicare Part C (Medicare Advantage): The cost varies by the plan you select and the extra features it includes as this is a comprehensive alternative to Original Medicare offered by private companies.
  • Medicare Part D: The cost varies — they are set by insurance companies and are approved by the government.

ENROLLMENT

Our advisors make it easy.

We streamline the enrollment process for you. Our advisors go the extra mile to ensure you have a simple, seamless experience getting started with the plan you choose.

When to apply for Medicare

Calendar
Initial enrollment period begins three months before the month you
turn 65
birthday
Your 65th Birthday
Calendar
Initial enrollment period ends three months after the month you turn 65

When you’re first eligible for Medicare, you have a 7-month Initial Enrollment Period. If you are eligible for Medicare when you turn 65, you can sign up during the 7-month period that begins three months before the month you turn 65, includes the month you turn 65, and ends three months after the month you turn 65. We recommend contacting one of our expert advisors for Medicare advice approximately six months before you plan to retire.

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Hear why our clients love working with us.

Most of our clients are just like you. They’ve been unsure about enrolling in Medicare and turned to us for guidance. Our team of experts have been happy to support them and get them started on the right path to choosing their health care coverage.

Continue building your Medicare iQ.

An easy way to stay informed on Medicare facts, updates and important changes is to sign up for the free, customizable RetireMEDiQ newsletter. Based on your personal preferences and interests, helpful articles and community-related content will be sent directly to your inbox.

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