Everything You Need to Know about Medicare
The best way to get started with Medicare is to understand the basics. Explore how the program works, what actions you need to take, costs, and more. Plus, learn what Medicare pitfalls to avoid and what to consider as you select your plan.
Start Exploring Here
- Learn the basics of Medicare (Part A, Part B, Part C, Part D, eligibility, enrollment, etc.)
- Sign up for the RetireMED®iQ Program emails to ensure you never miss a deadline or an important task.
- Attend a RetireMED®iQ educational meeting to learn more about your different plan options, where to begin and to get answers to your questions.
You qualify for full Medicare benefits if:
- You are 65 or older
- You are a permanent legal resident who has lived in the United States at least five years or are a US Citizen; and
- You (or your spouse) are eligible for Social Security or Railroad Retirement Board benefits; or
- You (or your spouse) are a government employee or retiree who has not paid into Social Security but has paid Medicare payroll taxes while working.
Medicare is made up different areas of coverage which include: Part A, Part B, Part C and Part D.
Depending on your situation, you can get Medicare coverage through a combination of these Parts. The combination that is right for you will determine what you pay for your coverage.
Things to Consider:
- Do I need to take Medicare even though I’m still working?
- Should I delay Medicare Part B?
- How does Medicare work with my Health Savings Account?
- How does Medicare work with my employer’s health insurance?
- Can I be penalized for not taking Medicare at age 65?
- True or false: I don’t need to sign up for Medicare at age 65 because I’m still working and have employer insurance.
- True or false: When I retire and go on Medicare, my younger spouse and I will both be covered.
- True or false: Medicare is free.