Common Medicare Questions

Not always. If you are still actively working and covered under a qualified employer group health plan, you may be able to delay certain parts of Medicare without penalty.

That depends on the plan you choose. Some plans use provider networks while others offer more flexibility.

No. There is no fee for working with Savvy65. We help clients compare available options at no additional cost.

Moving may qualify you for a Special Enrollment Period that allows you to review or change your coverage. Plan availability and provider networks can vary by location, so it is important to review your options after a move.

Yes. Medicare Part D now includes an annual out-of-pocket prescription drug cap. Once you reach the annual limit, covered prescription drug costs may be significantly reduced for the remainder of the year.

Extra Help is a Medicare program that may help lower the cost of prescription drug coverage for individuals with limited income and resources. Those who qualify may pay reduced premiums, deductibles, and prescription copays.

Individuals who go without creditable prescription drug coverage for an extended period after becoming eligible for Medicare may face a Part D late enrollment penalty. The penalty is generally calculated based on the length of time without qualifying prescription coverage.

Medicare is federal health insurance primarily for individuals age 65 and older or certain disabled individuals. Medicaid is a state and federal assistance program based on income and eligibility requirements. Some people may qualify for both programs.

“Full Medicaid” generally refers to individuals who qualify for broader Medicaid benefits in addition to Medicare. Eligibility is based on income, assets, and other factors that vary by state.

Some Medicare Advantage plans may offer grocery or food-related benefits for eligible members under specific circumstances. These benefits are not available on every plan and may have limitations, qualifications, or usage restrictions.

Yes. Some individuals may pay higher Part B premiums depending on their reported income. This adjustment is commonly referred to as IRMAA.

In some situations, yes. Certain life-changing events such as retirement, marriage, divorce, or loss of income may allow you to request a review of your Medicare premium adjustment.