When you turn 65, you get a benefit – you are eligible for Medicare. If you already have health insurance through your employer, through your spouse or purchased as an individual, it can help you know how Medicare will affect that health insurance.
When registering with Medicare, it is recommended that you get help from a local insurance agent, as the process can be confusing. If you already have a doctor you trust, you want to make sure that any changes in your plan allow you to continue seeing your current doctors or specialists.
Medicare works with a number of other insurance providers to pay your medical bills. How the payment works will vary depending on your health insurance plan. When you switch to Medicare at age 65, you have many choices to arrange your health insurance. Understanding the basics of how it works can help you come to a decision that works best for you.
Medicare part A
Medicare part A covers a range of medical needs, including:
- Hospital care  Care in a skilled care facility
- Medical care in nursing homes
- Hospital care
- Home care
Medicare Part B
Medicare Part B covers several other types of medical needs, including:  Ambulance service
Medicare Part C, or a Medicare Advantage Plan, are accompanying plans offered by private health insurance companies that meet all Medicare requirements. These plans provide coverage of Medicare Part A, Medicare Part B and often Medicare Part D (Drug Plans) and may include additional benefits such as coverage for hearing, vision, dentistry or preventative medicine, such as health and wellness programs. You may want to review what is offered through your current health insurance company and purchase a Medicare Advantage Plan. This allows you to stay in the same health care network as your existing health insurance.
Medicare Part D (Medicare Drug Plans)
Medications can be extremely expensive, so you should consider including a Medicare Drug Plan when arranging your health insurance when you turn 65 years old. Sign up for this insurance the first year, because if you do not, the price will increase.
What happens if I'm still employed?
If you are still employed and your employer has more than 20 employees, they are required by law to continue paying for your health insurance. You will need to take Medicare, but it is well worth considering your options at that time. You can have both Medicare and a group health insurance plan, and the two will work together to cover the cost of care.
If you are approaching the age of 65 and need help with Medicare, you can talk to one of our helpful agents. Navigating the system can be confusing and complicated, and once you make a choice, you will have to live with it until the next Medicare registration period. You want to arrange your health insurance so that it works best for young people at a reasonable cost. Let us help you make the right decision.