Medicare Advisors of Alabama

Frequently Asked Questions:


I’ll be 65 soon and plan to keep working for several years. People tell me if I don’t sign up for Medicare I’ll get penalized for not signing up. What should I do?

It is true that there are financial penalties sometimes with Medicare. However, it’s very important to know if and when those penalties would occur and how to avoid them. Depending on the number of employees your company has, you may be able to waive Medicare Part B without any penalties, stay on your group insurance, and enroll into Medicare at a later date saving you thousands of dollars per year. But many group policies have become more expensive over the years and depending on your out-of-pocket costs, it may be beneficial for you to start Medicare as soon as possible. Our team can help you compare your options.

My only income is my Social Security check and it’s not very much. Medicare is already taking money out of my check. How can I afford any extra insurance?

There are several Federal and State programs available for people who have limited income. A program called the Medicare Savings Program that is ran by Medicaid could not only pay that monthly Medicare cost, it could also help you with copays and deductibles. There is also a Federal program called Low Income Subsidy that is ran by Social Security that helps pay for prescription drug costs. Our team understands the income requirements for those programs and can assist you with applying for them.

I am not 65 but was able to draw Social Security early due to a disability. When will I be eligible for Medicare?

Typically, once a person is approved for Social Security Disability they will be eligible for Medicare two years after they first applied for disability benefits. Some conditions like ALS will award Medicare to an individual immediately without having to wait two years. Medicare for a person under the age of 65 has the same benefits as a person 65 or older.