Medicare 101
Medicare is the federal government health insurance program for people age 65 and older and younger people living with certain illnesses or disabilities.
For those turning 65, Medicare enrollment begins 3 months before and ends 3 months after the month of your birthday. Failing to enroll during this time can result in a 10% Medicare premium penalty that doesn't go away. So it's important to understand your options and get enrolled on time! Learn more about Medicare options below. Or watch this video for more information on Medicare basics.
Medicare
Options
| Original Medicare (Parts A & B) | OR | Medicare Advantage (Part C) | ||
|---|---|---|---|---|
| Hospital Insurance (Part A) Watch Video | Part A $0/mo for most people* Out-of-pocket limit: Unlimited* Sign up at Medicare.gov |
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| Medical Insurance (Part B) Watch Video | Part B $170.10/mo or higher* Out-of-pocket limit: Unlimited* Sign up at Medicare.gov | |||
| Drug Coverage (Part D) Optional Watch Video |
Optional (must have Part A or B) | |||
| Medicare Supplement (Medigap) Optional Watch Video | Optional (must have Part A or B) | |||
| Doctor and Hospital Network |
Covered by approximately 95% of doctors and hospitals nationwide | In network only | ||
| Additional Coverage Options in addition to Medicare | Cancer and Hospital Insurance Dental Insurance Travel Insurance |
Medicare Advantage often includes dental, hearing and vision. Cancer and Hospital Insurance Dental Insurance Travel Insurance |
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Preparing for
What’s Possible
What to Know if Cancer Strikes
The Medicare plan you choose can impact your choices for care if you have cancer
Alzheimer's Care and Insurance
Understanding memory care options is important in planning insurance coverage
Care for Chronic Conditions
What to know about getting care for diabetes, heart disease or osteoarthritis
Enrollment
Periods
Planning
6-18 months before your 65th birthday
Planning for Medicare is an important step before making a decision. Knowing the important dates, understanding the differences between the available insurance plan options in your area, and being aware of your current medical insurance needs is important to choosing the right plan for your needs.
Initial 7-Month Eligibility Period
- Pre-existing conditions do not apply as long as you enroll during your initial 7-month enrollment period
- Original Medicare may cost more later if you don't sign up during your initial 7-month enrollment period
- Apply early to account for any issues that may arise during the enrollment process
Future Enrollment Periods
Switching Plans
Medicare Advantage and Part D
You can switch plans every year during the Annual Enrollment Period (Oct. 15-Dec. 7)
Medicare Supplement Insurance Plans can be changed at any time, subject to medical underwriting.
Qualifying life event, like moving out of state, can change plans with no underwriting.
Signing up Later
People who missed their initial 7-month enrollment period or let their coverage lapse may sign up during the General Enrollment Period (Jan. 1-March 31).
- Penalties may apply to Part A and Part B & D due to federal regulations if you miss your Initial Eligibility Period
- Pre-existing conditions may limit your options and influence pricing
70A_1122B Not connected with or endorsed by the U.S. Government or the Federal Medicare Program.
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