Signing up for Medicare can be confusing but it doesn’t have to be. Learn the four different parts to Medicare and how they work. A Medicare supplement also known as medigap insurance helps support original Medicare A and B. Medicare was never intended to cover 100% of your medical costs once you turn 65. Parts A and B have no ceilings to what they can charge, therefore potentially exposing you to large out-of-pocket costs. These costs in your coverage are: deductibles, co-pays, and co-insurance. A great supplement helps cover the gap costs. Choose one that’s right for you!

Part D is your drug coverage. Learn about the over 20 different plans to choose from, their drug formularies and their tiers of coverage. Medicare says you must have a drug plan. If you do not sign up at age 65 and wait until a later time, you will be penalized for the rest of your life. Do not let this happen to you! Every year between October 15 and December 7 you should have your Part D reviewed for the following calendar year to be sure you will get the best prices each year.