Question 1

Is Medicare free after 65?

Accepted Answer

Many Alaskans don't pay a monthly premium for Medicare Part A if they've worked and paid Medicare taxes for at least 10 years. However, Medicare Part B, which covers doctor visits, typically has a monthly premium. Programs like the Medicare Savings Program can offer financial assistance for these costs, which we can help you explore for Anchorage residents.

Question 2

What is Medicare and what does it do?

Accepted Answer

Medicare is the federal health insurance program primarily for individuals aged 65 and older, as well as younger people with certain disabilities. It provides coverage for hospital stays (Part A) and medical services like doctor visits (Part B). Many in Anchorage also opt for Part D for prescription drug coverage or choose a Medicare Advantage plan (Part C) for bundled benefits.

Question 3

What are the 6 things Medicare doesn't cover?

Accepted Answer

Medicare typically doesn't cover services like most dental care, routine eye exams, hearing aids, long-term custodial care, cosmetic surgery, and acupuncture. These are common areas where residents of Anchorage often seek supplemental insurance or plan for out-of-pocket expenses. Knowing these limitations helps you make informed decisions about your healthcare.

Question 4

What are the three requirements for Medicare?

Accepted Answer

To be eligible for Medicare, you generally need to be a U.S. citizen or have been a legal resident for at least five years. You must also meet one of the following criteria: be 65 or older, be under 65 with a disability, or have End-Stage Renal Disease. These are the fundamental requirements for coverage in Anchorage.

Question 5

How much will Medicare cost me each month?

Accepted Answer

Your monthly Medicare costs depend on the parts you enroll in. While Part A is often premium-free, Part B has a standard monthly premium that can be adjusted based on your income. Medicare Advantage and Part D plans have their own premiums, which vary by plan. We can provide a free quote to give you a clearer picture of potential costs in Anchorage.

Question 6

Does everyone pay $170 for Medicare?

Accepted Answer

This amount is also subject to an income-related adjustment. It's important to remember that not everyone pays this, especially if they qualify for assistance programs available to Anchorage residents, which can significantly lower their out-of-pocket expenses.

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