I just watched a live seminar about Medicare, Medicare Supplements, and Medicare Advantage. Why should you care? Well, like me, you probably have a family member or friend (if not yourself!) who is around the age that Medicare benefits kick in. So, I wanted to summarize what I learned.

  1. Anyone who payed into Social Security payroll taxes for at least 40 quarters (ten years) is eligible for Medicare when they turn 65.
  2. Medicare is not full health coverage: there are deductibles & out of pocket expenses.
  3. Medicare Supplements are available to cover the gaps in Medicare. 
  4. Medicare Advantage is a plan that replaces Medicare and offers full coverage.
  5. Depending on what your circumstances, there are different plans to suit your financial & medical needs.

Here is a video about the differences between Medicare Supplements & Medicare Advantage:



For more information about Medicare Supplements & Medicare Advantage, visit Medicare65.
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