For most people, benefits received through Medicare play an important role in financial planning for retirement. At Integra Financial, we can help you simplify your choices.
What is Medicare?
Medicare is health insurance for the following:
The Different Parts of Medicare
The four different parts of Medicare help cover specific services:
Medicare Part A (Hospital Insurance)
Medicare Part B (Medical Insurance)
Medicare Part C (also known as Medicare Advantage)
Medicare Part D (Medicare Prescription Drug Coverage)
If you are already getting Social Security benefits when you turn 65, your Medicare hospital insurance (Part A) starts automatically. If you live in the United States you will usually be enrolled in medical insurance (Part B) automatically. Residents of Puerto Rico or foreign countries will not receive Part B automatically. They must elect this benefit.
If you are not already getting Social Security, you should contact them about three months before your 65th birthday to sign up for Medicare. You can sign up for Medicare even if you do not plan to retire at age 65. For more information, please go to medicare.gov for a free PDF guide.
Information is from www.medicare.gov.