Medicare is a health insurance program that helps pay for the services you need to stay healthy as you age. Without Medicare, many would have to pay more for health care or would cut back on the amount of care they receive.
If you're turning 65, you qualify to apply for Medicare. Trying to understand the Medicare process can feel overwhelming. That's why we've created this simple checklist to help get you started.
5 steps to help you get started with Medicare
1. Find out when you can enroll. You can sign up for Medicare the first time during the Initial Enrollment Period (IEP). This is a 7-month period including the three months before your 65th birthday month, the month you turn 65, and the three months after.
2. Learn about the different parts of Medicare. Medicare has four parts:
- Part A (Hospital Insurance)
- Part B (Medical Insurance)
- Part D (Prescription Drug Coverage)
- Part C (Medicare Advantage)
Take the time to find out what’s covered under each part. Think about the kinds of health care services you’ll likely need in the coming year.
3. See what additional benefits you qualify for. There are public and private benefits programs that, in addition to Medicare, could help you pay for health care and medications. BenefitsCheckUp, or the site you're on right now, can help you find programs you’re eligible for and can show you how to apply.
4. Estimate your out-of-pocket costs. Medicare does not pay for everything. Use our Medicare Cost Estimator for an idea of the costs you’ll be responsible for, such as premiums, copayments, and deductibles. Consider how those fit into your budget and what you can afford.
5. Talk to a Medicare expert for free. A licensed Medicare broker that meets our Medicare Standards of Excellence will help you explore your coverage options to find the solution that fits you best. You can also contact your State Health Insurance Assistance Program (SHIP). Both of these options are free!
