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Are you turning 65?

Please read the important Information below about Medicare.

Reaching the age of 65 is a significant milestone for many individuals.It's a time to celebrate, but it also marks the beginning of a new phase in your life. You may be considering retirement, safeguarding your finances, ensuring your children are set for their futures, and addressing various other vital matters.

One key change that occurs at 65 is eligibility for Medicare. While some individuals may qualify earlier due to specific conditions, most Americans become eligible at this age.Medicare provides numerous benefits, but it can also lead to uncertainty regarding coverage, costs, available plans, and more.

As you near retirement, you may have begun to explore Medicare and its benefits. Perhaps you’ve received information in the mail, discussed it with friends, or conducted online research to understand it better. If you’re not familiar with the essentials of Medicare, it’s helpful to take a moment to grasp the basics and some key terms that may affect you.

Medicare is a federal health insurance program designed for individuals aged 65 and older, as well as some younger individuals with qualifying health conditions. You can enroll regardless of your health status, income, or medical background.

The Centers for Medicare & Medicaid Services (CMS) oversees the administration of Medicare. The program is partly funded through the Social Security and Medicare taxes collected during your working years (over 40 quarters of work).

Additionally, some services require premium payments, while the remainder of Medicare funding comes from the federal budget.

Medicare consists of the below parts.

• Medicare Part A
• Medicare Part B
• Medicare Advantage (Part C)
• Prescription Drugs (Part D)
• Medicare Supplements
• Special Needs Plans