Medicare is a public health program for people over the age of 65, and it provides helpful healthcare coverage for those in their retirement years. If you’re nearing the age of enrollment, here are a few things you should know about Medicare.
- You still have to pay premiums—One of the biggest misconceptions about Medicare is that you don’t have to pay premiums. However, most people enrolled in this program still pay premiums for healthcare. How much your premiums will be will depend on your monthly income and the plan you enroll in.
- Medicare doesn’t cover everything—In a perfect world, Medicare would cover everything you need to live a healthy life. But Medicare doesn’t cover everything. For example, some of the most relevant coverage gaps for the elderly include coverage for hearing aids, dental and vision care, and nursing home services.
- There are tons of plan options—If you’re nearing the age of enrollment, you have a big decision to come to – you need to decide between traditional Medicare or enrolling in a Medicare Advantage plan. Although Advantage plans cover everything traditional Medicare covers, these plans differ in terms of how much coverage you receive for what you pay.
We know you want to make the right choice for your healthcare needs into your golden years. Contact us at Coventry Asset Protection today for more information about Medicare and your different plan options.