For most people, turning 65 brings some relief in the area of health insurance costs.
When you’re in your early 60s, you have the highest health insurance rates going, but at 65 you can enter the Medicare system, which is a very different place. There’s a lot to consider, and you are buried under an avalanche of direct mail marketing and other attempts to get your attention (and your business).
For now, let’s answer one very basic question: How much will Medicare cost you?
For most people, Medicare Part A is free. (If you’re one of the few who does pay, the premium in 2014 is $426/month).
Your premium for Medicare Part B depends on your income.
Beyond these basic payments, you’ll factor in the cost of a Medicare Supplement plan, which depends on the plan and insurance company you choose. Generally this will run in the $100-$150 range for age 65. You may also want to get a Part D drug plan, which will typically cost $30-$60 or so.
Let’s add it up
If you’re in an average income bracket, we can help you get comprehensive coverage for around $300/month.
Medicare can be confusing, but we can help you figure it out and get set up with very good, thorough coverage that won’t cost you as much as you were paying in the under-65 insurance system. And that’s very good news, right? So let’s get started!