Question 1

Is Medicare free after 65?

Accepted Answer

Medicare Part A, which covers hospital stays, is often premium-free for those who have worked and paid Medicare taxes for at least 10 years. However, other parts of Medicare, like Part B (medical insurance) and Part D (prescription drugs), typically have monthly premiums. The exact cost can vary based on your income and the specific plans you choose.

Question 2

What is Medicare and what does it do?

Accepted Answer

Medicare is the federal health insurance program for people aged 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease. It helps cover costs for hospital stays, doctor visits, prescription drugs, and other health care services. It's designed to provide essential health coverage for eligible individuals.

Question 3

What are the 6 things Medicare doesn't cover?

Accepted Answer

Medicare generally doesn't cover things like long-term care (custodial care), most dental care, eye exams for glasses, cosmetic surgery, acupuncture, or hearing aids. There are exceptions, and coverage can depend on the specific Medicare plan you have. It’s wise to confirm coverage details for specific services.

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 consecutive years. You must also be either 65 or older, under 65 with a qualifying disability and have received Social Security disability benefits for 24 months, or have End-Stage Renal Disease (ESRD).

Question 5

How much will Medicare cost me each month?

Accepted Answer

The cost of Medicare varies. Most people don't pay a premium for Part A if they've worked and paid Medicare taxes. For Part B, the standard premium is set annually, but higher earners pay more. Part D premiums vary significantly by plan. We can help you get a clear estimate for your situation.

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