What is Medicare?
Medicare is a federal health insurance program for people age 65 and over, as well as for some people under age 65 with certain disabilities. Since 1965, it has helped millions of Americans pay for the health care services they need. You most likely have already paid into the program through Social Security.
Because everyone’s needs are different, there is no one-size-fits-all approach to Medicare. Preparing yourself with the right information is important.
Do I qualify for Medicare benefits?
If the following eligibility requirements are met, you can enroll in Medicare as early as three months before your 65th birthday month:
You’re a U.S. citizen or permanent resident for at least five consecutive years.
Generally, if you are under 65, you’re eligible for Medicare if:
- You’re a U.S. citizen or permanent resident for at least five consecutive years, and
- You have a disability or end-stage renal disease and meet certain requirements
What goes into making long-term decisions about your Medicare supplement plan?
Some things you may want to consider are:
- Setting your priorities
- Knowing your options
- Picking the plan and insurer that fit your needs
What is a Medigap policy?
A Medicare supplement insurance policy (also called Medigap) is private health insurance that’s designed to supplement Medicare. This means it helps pay some of the health care costs that Medicare doesn’t cover such as: copayments, coinsurance, and deductibles (gaps in Medicare coverage). If you have Medicare and a Medigap policy, Medicare will pay its share of the Medicare approved amounts for covered health care costs. Then your Medigap policy pays its share.
Carlen-McCawley Insurance can help you every step of the way.
We want to provide you with general information about what Medicare does and does not cover, an outline of some of your health insurance options, and guidance with Medicare-related decisions you may need to take before turning 65.