Medicare

Definition

A federal health insurance program primarily for people aged 65 and older, or those with certain disabilities. It helps cover hospital and medical costs.

What to consider

Review the different parts of Medicare to know what you need.
Plan during the open enrollment period to adjust your coverage.
Consider supplemental plans if there are coverage gaps.

Real world scenarios

Upon turning 65, Candice enrolls in Medicare Part A and Part B, ensuring she has hospital and medical coverage.
Greg adds Medicare Part D for prescription drugs, preventing high out-of-pocket medication costs.
Sasha explores a Medicare Advantage plan that bundles extra benefits like dental and vision coverage within her monthly premium.