GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’re free to read more about oureditorial guidelinesand our products and servicesreview methodology.
This is true for retirees andsoon-to-be retirees.
Basics of Medicare
It helps to start with the basics.
Generally speaking, U.S. workers become eligible for Medicare when they turn 65.
Those with a qualifying disability can enroll sooner.
Coverage is based on state and federal law, but the program generally covers services deemed medically necessary.
Original Medicare doesnt cover everything, however.
Common exclusions are long-term care, routine physicals and dentures.
Theres also Medicare Part D, which covers prescription medications and has its own coverage limitations.
This might cover things like vision, dental or hearing services.
People with Part A generally dont have to pay a premium, though it depends.
Those with Part B paid an average premium of $175.70 a month in 2024.
Theres also a yearly deductible $1,676 for Part A and $257 for Part B in 2025.
Part D renews automatically, which is convenient, but it is an extra cost.
And second, its just a lot to understand.
This goes for both Original Medicare and Medicare Advantage plans.
This makes it so the enrollee must pay out of pocket for all associated costs of seeing that specialist.
Those who have Medicare Advantage must also pay a separate premium for both it and Medicare Part B.
Medicare and the Trump 2.0 Administration
People have been concerned about the future of Medicare for years.
More From GOBankingRates
Share This Article:
