What is Original Medicare?

A federal insurance program that provides health insurance for people 65 and older and for younger people who quality because of disability.

It's composed of two parts: Part A hospital and Part B medical.

What is the monthly cost for Medicare?

Most individuals qualify for premium-free Part A. The premiums vary for Part B based on income. Most beneficiaries, however, will pay $164.90/mo.

How do I sign up for Medicare?

If you already get Social Security benefits, you will automatically be enrolled when you become eligible; others may need to apply independently 3 months prior to your 65th birthday.

Is Medicare mandatory?

No. However, if you don't enroll for Medicare Part B when you are first eligible, you may have to pay a higher premium. If you have credible coverage through you or your spouse's active employer, you may can delay Medicare coverage without incurring penalties.

Can I get Medicare with a pre-existing condition?

Yes, even with pre-existing conditions you can enroll in Original Medicare or Medicare Advantage plan. Medicare supplements might have a wait for pre-existing conditions.

Should I sign up for Part B if I have Veterans' Benefits? What if I have Tricare?

Possibly. Signing up for Part B may provide you with additional service and location options. It will also avoid having a late enrollment penalty it you decide to enroll later.

With Tricare, the law requires beneficiaries who are entitled to Part A to enroll in Part B to retain their Tricare benefits.

Which coverage is best, Medicare Advantage or a Medicare Supplement?

Depends on your individual situation and preference. There are many factors to consider when choosing your best option including healthcare needs, cost, network, and flexibility. The chart below highlights some of the key differences.