Work habits, career paths, and times, in general, have changed through the years, but 65 is still considered the milestone age when many Americans retire. This is in large part due to the Social Security Act of 1935, which set the minimum age for receiving full retirement benefits at 65 years old. If you or your loved one are nearing retirement age, there is no doubt that learning about what Medicare covers will be of interest. With your income transitioning to a fixed state, Medicare can greatly assist with the cost of health care.
With more than 54 million seniors enrolled in Medicare (and another 8 million enrollees under 65), the federal government’s program is enormous in scope and can be complex. We see so many stories about Medicare in the news, we hear about the different types of Medicare categories, and it’s clear that the information overload can be daunting to sift through. This is where Referah comes in. For just a few minutes of your time, we’re going to break down the four main categories of Medicare as well as supplemental programs and give you a basic understanding of the various plans and how to get the most from each.