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(716) 633-1331
866-TFGMedi - info@thefinancialguys.com
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305 Spindrift Dr. Williamsville, NY 14221
3445 Winton Place, Suite 120, Rochester, NY 14623
Original Medicare
Part A (Hospital Coverage)
Part A is premium free for most because they paid Medicare taxes while working. As long as you have worked for at least 10 years in your lifetime in the United States. If you have not, you can still purchase Part A if you’ve been a legal resident or have had a green card for at least five years.
What does Medicare Part A cover?
- Inpatient hospital care
- Skilled nursing facility care
- Home health care
- Hospice care
Part B (Medical Coverage)
There is a monthly premium. The monthly premium is decided by the government and determined by your income level. You will pay a monthly premium for Part B. Most people fall in the bracket of paying the standard premium amount. In 2024, the standard Medicare Part B premium amount is $174.70. However, if your modified adjusted gross income is higher than a certain amount, you will pay an Income Related Monthly Adjustment Amount, or “IRMAA”. The Part B premium will be automatically deducted from your payments if you receive benefits from Social Security, Railroad Retirement Board, or Office of Personnel Management. If you do not receive any of these types of benefit payments then you will receive a quarterly bill.
What does Medicare Part B cover?
- Provider services
- Durable medical equipment
- Home health services
- Ambulance services
- Preventative services
- X-rays and lab tests
- Chiropractic care
Do I have to apply for Medicare Part B?
Most people usually sign up for both Part A and Part B at the same time when they are first eligible as soon as they turn 65. However, in some situations it might make sense to wait and sign up for Medicare Part B later. There are risks to delaying your enrollment and signing up later such as a gap in coverage or having to pay a late enrollment penalty.
If you are already receiving Social Security benefits you will automatically be enrolled in Medicare Part B.
- Your card will arrive in the mail about 3 months before your birth month.
- If you do not receive Social Security benefits, you will have to enroll yourself. You can do it online, on the phone, or in person at your local Social Security office.
It's Medicare Made Easy!
Phone: 833-628-0055
Email : info@thefinancialguys.com
We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options.
305 Spindrift Drive.,
Williamsville, NY 14221
345 Winton Place,
Suite 120
Rochester, NY 14623
Phone: 833-628-0055
Email : info@thefinancialguys.com
We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options.
305 Spindrift Drive.,
Williamsville, NY 14221
345 Winton Place,
Suite 120
Rochester, NY 14623