Supplemental & Medicare Advantage
As you approach Medicare eligibility in the traditional sense by turning age 65 (aging in), what are my options? We take the time to provide clarity to what many consider a very confusing line of coverage.
Medicare is a single-payer, national, socially funded insurance program administered by the U.S. federal government since 1966. There are currently 30–50 private insurance companies nationwide that have contracts with the government to provide and administer Medicare plans. Medicare is funded by the general public through payroll taxes, premium from beneficiaries, and the federal general revenue. It provides health insurance to Americans age 65 and older who have paid into the system through the payroll tax from their jobs. Medicare also provides health insurance to younger people with disability status, as well as people with end-stage renal disease and amyotrophic lateral sclerosis, as determined by the Social Security Administration.