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7 Things You Should Know About Medicare

Are you approaching the age of 65 and wondering what Medicare is all about? Or, maybe you’re already in your golden years and you’re trying to learn more about the different Medicare plans that are available?

Regardless of your current age or health status, it’s important to have a basic understanding of Medicare. With so many different rules and regulations, it can be overwhelming to know where to start. That’s why you should read this comprehensive guide on the seven essential facts about Medicare.

1. Who Is Eligible for Medicare?

The first essential fact about Medicare is who is eligible to receive it. Medicare is a health insurance program that is primarily available to people over the age of 65 and those with certain disabilities. However, there are some exceptions, so it’s important to look into your individual situation.

In order to qualify for Medicare, you must be a U.S. citizen or permanent resident and you must have lived in the United States for at least five years. Additionally, you must have worked and paid taxes into the Medicare system for at least 10 years.

If you are under the age of 65 and have a qualifying disability, you may be eligible for Medicare as well. People who are receiving Social Security Disability Insurance (SSDI) benefits may qualify for Medicare after two years of receiving SSDI payments.

2. What Does Medicare Cover?

The second essential fact about Medicare is what it covers. Medicare is a comprehensive health insurance program that covers a wide range of medical services, from preventive care to hospitalization.

Medicare Part A covers inpatient care in a hospital, skilled nursing facility, and other healthcare facilities. It also covers hospice care and some home health care services. Medicare Part B covers outpatient services such as doctor visits, preventive care, and other medical services.

Medicare Part D covers prescription drugs. It is a voluntary program, so you must sign up for it in order to receive coverage. Medicare Part C, also known as Medicare Advantage, is a type of managed care plan that is offered by private insurance companies and is meant to supplement original Medicare coverage.

3. How Do You Enroll in Medicare?

The third essential fact about Medicare is how to enroll. Once you’re eligible, you can sign up for Medicare during your Initial Enrollment Period, which begins three months before your 65th birthday and ends three months after your 65th birthday.

You can sign up online, by phone, or by visiting your local Social Security office. If you miss the Initial Enrollment Period, you can still sign up during the General Enrollment Period, which runs from January 1st to March 31st. And if you qualify for Medicare due to a disability, you can sign up during any month of the year.

4. What Are Medicare Advantage Plans?

The fourth essential fact about Medicare is the different types of plans available. Medicare Advantage plans are private health plans that are approved by Medicare and offer additional benefits beyond what original Medicare covers.

These plans are offered by private insurance companies, and they typically cover a wide range of services, from prescription drugs to vision and dental care. Medicare Advantage plans usually have a network of doctors and hospitals that you must use in order to receive coverage.

It’s important to note that Medicare Advantage plans have different costs and benefits, so it’s important to compare different plans to find the one that best fits your needs.

5. What Are Medicare Supplement Plans?

The fifth essential fact about Medicare is the different types of supplement plans available. Medicare supplement plans, also known as Medigap plans, are offered by private insurance companies and are meant to help fill in the gaps in original Medicare coverage.

These plans can help pay for things such as copayments, coinsurance, and deductibles. They can also help with the cost of medical services that are not covered by original Medicare, such as hearing aids, eyeglasses, and dental care. You can look for California Medicare supplement plans, or supplement plans in your state, if you decide that the supplement plan option fits your needs.

6. How to Choose the Right Medicare Plan

The sixth essential fact about Medicare is how to choose the right plan for your needs. With so many different plans available, it can be overwhelming to figure out which one is best for you.

The best way to choose a plan is to evaluate your needs and budget. Consider the type of coverage you need, your current health status, and your financial situation. Once you have a better understanding of your needs and budget, you can start comparing different plans.

It’s also important to consider the costs associated with each plan. Medicare Advantage plans typically have lower premiums, but they also have higher out-of-pocket costs. Medicare supplement plans typically have higher premiums, but they can help cover some of the out-of-pocket costs associated with original Medicare.

7. Common Medicare Mistakes to Avoid

The seventh essential fact about Medicare is the common mistakes to avoid. Even experienced Medicare beneficiaries can make mistakes when navigating the system, so it’s important to be aware of the common pitfalls.

One of the most common mistakes is not signing up for Medicare when you’re first eligible. If you miss the Initial Enrollment Period, you may have to pay a late enrollment penalty and wait until the next General Enrollment Period to sign up.

Another common mistake is not comparing different plans. It’s important to take the time to compare different plans and find the one that best meets your needs. Additionally, it’s important to understand the differences between Medicare Advantage and Medicare supplement plans, and how they can affect your coverage and costs.


Navigating the Medicare system can be intimidating, but it’s important to understand the basics.

If you have any other questions about Medicare, don’t hesitate to reach out to a qualified professional for guidance. They can help you make the right decisions for your health care coverage.