1. 11498 POINTS
    Jason Goldenzweig
    Co-Founder, TermInsuranceBrokers.com, Goldenzweig Financial Group, Las Vegas, Nevada
    Medicare Part A is generally premium-free for most individuals (you've been paying FICA taxes for 10 years/40 quarters of your working life). If you don't qualify for premium-free Part A, you would need to pay a premium - up to $426 per month.

    Medicare Part B requires a monthly premium - $104.90 per month. You may be required to pay a higher monthly premium if you fall into a higher income bracket (starting at above $85,000 for those that are single and above $170,000 for those married filing jointly).

    Original Medicare covers approximately 80% of health care expenses, plus you also have deductible for both Medicare Parts A & B. I would recommend adding a Medicare supplement (Medigap) plan to cover the deductibles and remaining 20% of expenses you're responsible for. Medigap plans are sold by private insurance companies - an agent or broker can help find one that's suitable to your needs and budget. Plan F is the most comprehensive, however, if your doctor accepts Medicare and assignment, a Plan N can be very competitive.
    Answered on March 30, 2014
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