Co-Founder, TermInsuranceBrokers.com, Goldenzweig Financial Group, Las Vegas, Nevada
Most people receive Medicare Part A premium-free because they have been paying Medicare taxes during their working life and met the 40 quarters requirement (equates to 10 years of working life).
Anyone who does not meet the qualifications for premium-free Medicare Part A would have to buy the coverage - the premium for Part A is $426 per month.
The premium-free Part A requirements are:
1) You're 65 or older and you're receiving social security retirement benefits (or are eligible for receiving them, but haven't elected to take them yet), or you or your spouse had Medicare-covered employment through the government.
2) If you're under 65 and have been receiving social security disability benefits for 24 months or have ESRD (end-stage renal disease) and meet certain requirements.
So if you do not meet these any of those items, you'll have to pay for the coverage. If you're subject to paying the Part A premium and are under 65, you may want to look at an individual health insurance plan on the health insurance exchanges instead.
If you're signed up for Part A, you're likely signed up for Part B as well (Part B requires a monthly premium). If so, I would suggest adding a Medicare supplement plan to cover the gaps in Part A & Part B.
I hope the information is helpful - please feel free to contact me for assistance with your Medicare supplement programs and if you have any other questions. Thanks very much.
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Anyone who does not meet the qualifications for premium-free Medicare Part A would have to buy the coverage - the premium for Part A is $426 per month.
The premium-free Part A requirements are:
1) You're 65 or older and you're receiving social security retirement benefits (or are eligible for receiving them, but haven't elected to take them yet), or you or your spouse had Medicare-covered employment through the government.
2) If you're under 65 and have been receiving social security disability benefits for 24 months or have ESRD (end-stage renal disease) and meet certain requirements.
So if you do not meet these any of those items, you'll have to pay for the coverage. If you're subject to paying the Part A premium and are under 65, you may want to look at an individual health insurance plan on the health insurance exchanges instead.
If you're signed up for Part A, you're likely signed up for Part B as well (Part B requires a monthly premium). If so, I would suggest adding a Medicare supplement plan to cover the gaps in Part A & Part B.
I hope the information is helpful - please feel free to contact me for assistance with your Medicare supplement programs and if you have any other questions. Thanks very much.