Complete guide to Medicare Parts A, B, C, and D
Covers inpatient hospital care, skilled nursing facilities, hospice care, and some home health services.
Covers medically necessary services like doctor visits, outpatient care, and preventive services.
Private insurance plans that replace Original Medicare, offered by approved private companies.
Helps pay for prescription medications through private insurance companies.
3 months before 65th birthday through 3 months after. No penalty.
Jan 1 - Mar 31. May incur late enrollment penalty.
Available with qualifying life events (losing coverage, moving, etc.)
State and federal program for low-income individuals and families
Medicaid rules vary by state. Contact your local Medicaid office for specific requirements.
Pays Medicare Part B premiums, deductibles, and coinsurance. Income limit: 100% FPL.
Pays Medicare Part B premiums. Income limit: 120% FPL.
Pays Medicare Part B premiums. Income limit: 135% FPL.
Planning for potential long-term care needs
Must be at least 18 (preferably 40-60) to purchase long-term care insurance.
Age, health status, coverage amount, and elimination period affect premiums.
Consider policies with automatic benefit increases to keep pace with rising costs.
Premiums may be tax-deductible, and benefits are generally income tax-free.
The best time to purchase is between ages 40-60 when you're generally healthier and premiums are lower.
Additional coverage options to supplement Medicare
Fill the gaps in Original Medicare coverage. Standardized plans A through N.
Coverage for dental cleanings, fillings, crowns, and oral surgery.
Covers eye exams, glasses, and contact lenses.
Coverage for hearing aids and related services.
Lump-sum payment for covered critical illnesses.
Coverage for accidental injuries and related medical expenses.
