How much is the Medicare late enrollment penalty?
For Part A, your monthly premium may go up 10%, and you have to pay a higher premium for twice […]
Do I need Medicare if I have insurance through my employer?
Depending on the size of the employer, you may be able to delay Parts A and B without having to […]
How is Medicare paid for?
Medicare is financed by the Social Security Administration. So, taxpayers fund Medicare by paying 1.45% of their earning into Federal […]
Is Medicare Part A free?
If you or your spouse have worked for at least 10 years (40 quarters) and paid Medicare taxes, you are […]
Is Medicare Part B free?
You pay a monthly premium for Part B. Premium amounts vary depending on your income. The higher your income, the […]
Is there a deductible for Medicare?
Yes. There will be a deductible for Medicare Parts A & B, and it changes yearly. In 2021, your deductible […]
What will my Medicare premium be?
If you or your spouse have worked for at least 10 years (40 quarters) and paid Medicare taxes, you are […]
How can I get help paying for Medicare?
If you are earning low-income, there is a government program called Medicaid, or Low-Income Subsidy, that helps cover premiums for […]