Medicare & Marketplace Insurance

Medicare and Retirement Health Strategy

While there is no shortage of things to prepare for in retirement, it’s critical to also address your health needs and concerns by crafting a comprehensive health care strategy. There are various ways to accomplish this, with Medicare being the most important for many Americans.

Medicare generally provides health insurance for most people age 65 and older, and others who have received Social Security disability benefits for at least 24 months, have end-stage renal disease or have amyotrophic lateral sclerosis (also known as Lou Gehrig’s disease).

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Medicare is split into four parts

Part A – Hospital Insurance

Many people with Part A do not pay a premium because they have already paid enough into the system. As with Social Security, a certain portion from each one of your paychecks is deducted to pay for Medicare. When you’ve had Medicare tax withheld from you or your spouse’s pay for at least 40 calendar quarters, then you may be eligible for free Part A coverage.

Part B – Medical Insurance

The monthly premium associated with Part B is set according to income level, although most people will pay a standard monthly premium amount and a small yearly deductible. Individuals and couples with an annual income greater than their corresponding thresholds will have an extra charge added to their premiums due to their high-income level.

Part C – Medicare Advantage plans | Part D – Prescription Drug Plans

Parts C and D are provided via private insurance companies, so these policies’ monthly premiums depend on the extent of their coverage and can vary between companies.

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We understand you may lose health coverage sooner than becoming eligible for a Medicare Health Plan. We have options to help you bridge the gap in coverage!