Medicare is a national health insurance program in the United States that was signed into law in 1965 as part of the Social Security Act. This program provides healthcare coverage to people who are 65 years or older, as well as those with certain disabilities and people with end-stage renal disease. In recent years, there’s been growing discussion regarding the possibility of extending Medicare coverage to people who are 60 years of age or older. This idea is being considered as a viable solution to address the increasing healthcare costs in America. Currently, Medicare at 60 isn’t available.
Medicare Eligibility at 60
Currently, Medicare eligibility begins at age 65, but under the proposed Medicare at 60 plan, you would be eligible for coverage between the ages of 60 and 65. This would provide a significant benefit to those who may have retired early or lost their job and are not yet eligible for Medicare coverage.
What are the Pros and Cons of Medicare at 60?
The main advantage of Medicare at 60 is that it would expand access to affordable healthcare for millions of Americans. It would also help reduce the number of uninsured people in the United States, which is a growing concern. Additionally, with an aging population, the cost of healthcare is expected to continue to rise, and this program would help alleviate some of those costs.
However, there are some concerns that need to be addressed. One major concern is the cost of the program. Expanding Medicare to those aged 60-65 would require additional funding, and policymakers need to ensure that this expansion does not negatively impact the existing Medicare program. Additionally, if more people can access Medicare at an earlier age, it could lead to a smaller pool of customers for private insurance companies, potentially leading to increased premiums for those who remain in the private market.
Medigap Plan Eligibility at 60
Medigap plans, also known as Medicare Supplement plans, are private insurance plans that help cover the out-of-pocket costs of Medicare. Currently, Medigap plan eligibility begins at age 65. However, if Medicare at 60 were to become law, those aged 60-65 would also be eligible to enroll in a Medigap plan. This would provide additional coverage for those who may not be able to afford out-of-pocket costs associated with healthcare.
When will Medicare be lowered to 60?
There is no set timeline for when Medicare at 60 will become law. The proposal has gained traction in recent years, with several bills being introduced in Congress. However, the fate of these bills remains uncertain. It is possible that Medicare at 60 could be included in future legislation related to healthcare reform, but this is still speculative.
What is the earliest age you can get Medicare?
The earliest age at which you can get Medicare is 65. However, there are some exceptions. For example, people with certain disabilities or end-stage renal disease may be eligible for Medicare before the age of 65.
Can I get Medicare under age 60?
As of 2023, the only way to qualify for Medicare at 60 (or any age under 65, for that matter) is to be deemed disabled for 24 consecutive months. There are also certain disabilities, such as Lou Gehrig’s (ALS) or ESRD that will allow you to be eligible for Medicare.
Conclusion
Medicare at 60 is a proposal that would expand healthcare coverage to millions of Americans who are not yet eligible for Medicare. While there are some concerns about the cost and potential adverse selection, the benefits of this program are significant. If Medicare at 60 were to become law, those aged 60-65 would also be eligible to enroll in a Medigap plan, providing additional coverage for out-of-pocket costs. While there is no set timeline for when Medicare at 60 will become law, it is a proposal that is gaining traction and is worth keeping an eye on as healthcare reform continues to be discussed in the United States.
Are you looking for assistance with your Medicare coverage? Our team of licensed agents is available to help you find the optimal plan that suits your specific needs and budget. We offer personalized services and customized plan options to ensure that you receive the best possible coverage at the lowest possible price. Speak with one of our Medicare experts today by calling us at 866-MEDIGAP (866-633-4427). We look forward to speaking with you!
Frequently Asked Questions about Medicare at 60
Can I get a Medicare Supplement at 60?
That depends. Currently, you can only get a Medicare Supplement at 60 if you’ve been deemed eligible due to being disabled for 24 consecutive months. Not all states offer all Medicare supplement plans for people under 65.
To compare Medicare Supplement plans and prices, you can contact our agency by calling 866-633-4427.
Can I get a Medicare Advantage plan at 60?
You can get a Medicare Advantage plan at 60 if you’ve been eligible for Medicare due to a disability. Medicare Advantage plans are not standardized, and they’re not available in all areas. Medicare Advantage plans have networks and you would need to confirm that your doctors accepts the plan.
Can I get a Medicare Drug plan at 60?
If you’re eligible for Medicare under age 65 then you can get a Medicare Part D plan. When comparing Medicare drug plans, it’s important to be sure that your plan covers the prescriptions and you’re using a preferred pharmacy. Learn more about Part D plans here.
