07/14/2025
Medicare Tips💡
✅ 1. Know the Parts of Medicare
- Part A – Hospital Insurance
- Part B – Medical Insurance
- Part C (Medicare Advantage) – All-in-one plans from private insurers
- Part D – Prescription Drug Coverage
🕒 2. Enroll on Time
- Initial Enrollment Period = 7 months (3 months before, the month of, and 3 months after turning 65)
- Late enrollment may mean penalties—plan early!
💸 3. Understand the Costs
- Medicare isn’t free—Part B has monthly premiums
- Learn about deductibles, coinsurance, and out-of-pocket max limits
🧾 4. Compare Advantage vs. Supplement Plans
- Medicare Advantage: Low premiums, copays, local networks
- Medicare Supplement (Medigap): Higher premiums, fewer out-of-pocket costs, freedom to choose providers
🩺 5. Prescription Drug Plans Matter
- Confirm your medications are covered (Formulary list)
- Pharmacies and tiers affect your costs
🧠 6. Review Annually
- Plans change every year—so do your needs
- Annual Enrollment Period (AEP): Oct 15 – Dec 7
🧭 7. Work With a Licensed Agent
- Medicare can be confusing—local, trusted help makes all the difference
- Agents can compare plans and walk you through the process at no cost
