Medicare covers your vital medical expense needs now
Financial Benefits of Medicare
One of the most significant advantages of Medicare is its ability to significantly reduce out-of-pocket healthcare expenses. For example, Part A typically covers 100% of hospital costs after the deductible is met, while Part B covers 80% of approved services, leaving you with only 20% to pay out-of-pocket1. Additionally, Medicare Advantage plans often include extra benefits that can lead to further savings, such as lower copayments for doctor visits and bundled services that Original Medicare doesn't cover.
Eligibility and Enrollment
Eligibility for Medicare is generally automatic for those turning 65 who are already receiving Social Security benefits. Others may need to sign up manually. The initial enrollment period begins three months before you turn 65 and ends three months after the month you turn 65. Missing this window can result in late enrollment penalties2. It's crucial to review your options and enroll on time to maximize your benefits and avoid unnecessary costs.