What You Should Know Before Enrolling in Medicare

Medicare is a federal health insurance program that provides coverage for people aged 65 or older, and some people under the age of 65 with certain disabilities. Medicare has four parts: Part A (hospital insurance), Part B (medical insurance), Part C (supplemental medical insurance) and D (prescription drug coverage). Which part you need depends on your income, lifestyle and other factors such as whether you are married to someone who has their own retirement benefits.

Lindsay Malzone

Medicare Part A and B are available to eligible beneficiaries without charge. Medicare Part C is a special type of medical insurance that offers additional benefits like coverage for prescription drugs, vision care and dental care. Supplemental Medical Insurance (Part D) provides limited protection against the cost of high-cost medications including cancer treatments or specialty drugs used by people with chronic conditions such as rheumatoid arthritis or HIV/AIDS.

People who enroll in Medicare Parts A and B may be subject to monthly premium charges for these parts unless they qualify for financial assistance based on their income level (100% – 135% FPL). People enrolled in Part C will also pay an annual enrollment fee; however this amount varies depending upon what plan you choose from options A, B or C.

Lindsay Malzone will often recommend Medicare Supplement (Medigap) policies to cover the gaps in Medicare, such as co-payments and deductibles.

We recommend that you also consider Medicare Supplement (Medigap) policies to cover the gaps in Medicare, such as co-payments and deductibles.

People enrolled in Part C will also pay an annual enrollment fee; however this amount varies depending upon what plan you choose from options A, B or C. Doctors often recommend Medigap supplemental insurance to fill any coverage gaps that exist with traditional Medicare coverage.

We recommend that people on monthly premium charges for these parts unless they qualify for financial assistance based on their income level read more about how medicare supplement plans may be able to help them save money by filling up all of those gaps left behind by basic medicare coverage.