Are you 64 years old?

The best thing that can happen to someone age 64 is they turn 65 and get Medicare. For people paying for their medical insurance there is a huge cost saving and better benefits.

Medicare is medical insurance for people age 65+ and people that receive Social Security Disability for over 2 years. Medicare comes in 2 parts:

  • Medicare Part A covers Hospitalization
  • Medicare Part B covers Outpatient Services

Most people pay nothing for Part A, and $144.60/month for Part B (this assumes income is below $87K individual or $174K for a couple. You should receive your Medicare ID, 90 days prior to your 65th birthday month.


If you do not received your Medicare ID card you can contact Medicare, 1-800-772-1213 or apply online.

Medicare offers medical coverage; however it has some deficiencies:

    1. Medicare does not cover prescription drugs.
    2. Medicare has high deductibles.
    3. Medicare does not offer an Out of Pocket Maximum
    4. Medicare does not provide annual physicals
    5. Medicare does not cover vision or dental.
    6. Medicare does not pay the cost of custodial nursing care.

Because of this people usually add a Supplement & Drug plan (Part D), or a Medicare Advantage Plan which includes a drug plan (Part C).  Plans that cost $0 and include Prescription Drugs, Dental, Vision, Alternative Medicine, Health Club Membership and More. Offered by companies like Humana, Aetna, Premera, Regence, Kaiser Permanente and more.