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Medicare is open to people who are age 65 or older, younger people with disabilities and to those with End Stage Renal Disease. Learn more about Medicare eligibility here.
There are a few times when you can enroll in Medicare programs. The General Enrollment Period for Medicare Part A & B is between January 1 and March 31 of each year. Open Enrollment Period runs from October 15 and December 7 of each year and during this time:
It is an insurance policy that is sold by private insurance companies and is meant to fill in any gaps in Original Medicare coverage. It does so by helping to pay for some medical expenses that Original Medicare does not cover.
There are 2 trust funds held by the U.S. Treasury that are solely used for Medicare. Generally speaking, these accounts are funded by payroll taxes, income taxes on Social Security benefits, interest earned on trust fund investments, Medicare Part A premiums, Medicare Part B premiums and Medicare Part D premiums.
Yes - there are 6 types of Medicare Advantage health plans. These include: Health Maintenance Organizations (HMOs), Preferred Provider Organizations (PPOs), Private Fee-for-Services Plans (PFFSs), Special Needs Plans (SNPs), Medicare Medical Savings Account Plans (MSAs), Point of Service Plans (POSs). Click here to learn more about Medicare Advantage Plans.