Approaching 65 soon?
As you approach age 65, there are a few things you should know regarding Medicare.
- You are eligible for Medicare Part A (Hospital) at no additional cost if you or your spouse paid Medicare taxes while working.
- You are eligible for Medicare Part B (Doctors). However, there is a monthly premium. While most people pay the standard premium amount, you may pay more if your modified adjusted gross income is above a certain amount.
Important Note: If you are still working beyond the age of 65 and have employer group benefits, you may want to opt out of Medicare Part B so as not to pay the premium. It is important to speak to one of our representatives to insure you do not receive a penalty.
- You are eligible for Medicare starting the first day of the month you turn 65. If your birthday is on the first day of the month, then Medicare will start on the first day of the prior month.
Once you have been in contact with Social Security and have been informed of your eligibility, contact one of our representatives to learn of your insurance options.