Issue link: https://www.e-digitaleditions.com/i/1138357
fsgmichigan.com 35 only be for a few months or up to a year before qualifying for Medicare. Another reason could be that your employer plan is a great plan. The benefits of the plan outweigh the costs when it comes to price. These are just a few options to consider prior to qualifying for Medicare at age 65. Medicare is the federal health insurance program for individuals who are 65 and older. Certain others may qualify who are younger with disabilities or end state renal disease. Medicare is made up of different parts A - Hospital Insurance, B - Medical Insurance, D - Prescription Drug Coverage or C - Medicare Advantage "All in One"). If you have paid Medicare taxes long enough while working, you would be eligible for Part A (Hospital Insurance) free of charge. From there you will be eligible to add Part B (Medical Insurance) and/or Part D (Prescription Drug Coverage) for an additional monthly premium cost. Medicare is the federal health insurance program, but it does not cover everything. Consideration for your personal/family situation may warrant additional coverage from private companies also known as Medigap or Medicare Supplement policies. It's very easy to get lost in all the choices with regard to coverages and what fits best for you! This doesn't even take into consideration if you choose to work past age 65! Working past age 65 brings in a whole new world of contingencies to consider. It's easy to see why individuals choose to partner with professionals to assist in the many decisions that accompany retirement. Health insurance alone is an ever-changing landscape that can become a significant challenge in retirement. While it may appear that all hope is lost when it comes to mitigating "Consideration for your personal/ family situation may warrant additional coverage from private companies ..."