Medicare is a national health insurance program for people who are 65 and over or on Social Security Disability for at least 24 months. Medicare plays an important role in containing medical costs as you age. But Medicare benefits don’t pay everything. Typically, Medicare will cover 80% of approved Medicare costs after deductibles have been satisfied. There are federally regulated plans that you can enroll in to help offset the costs that Medicare doesn’t cover.
Medicare Supplement Plans (Medigap Plans) are plans that you can purchase to help fill the gaps that are not covered by Medicare. Additionally, you can choose to give up Original Medicare and purchase a Medicare Advantage Plan. These plans are low to $0 plans that may come with additional benefits.
Learn More: Medicare Eligibility Requirements
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