What are the basics of Medicare?

Medicare is a federal health insurance program for people 65 and older as well as people younger than 65 who have a qualifying disability. Medicare is different from Medicaid, which offers health insurance and other services to eligible low-income people of all ages. 

Medicare and Medicaid are different in that Medicare is reserved for eligible individuals who are typically 65 and older, although some can qualify before age 65 if they have certain conditions. On the other hand, Medicaid offers health care coverage and other services to eligible low-income people. 

In many cases, yes. If you enroll in Original Medicare, you can visit any doctor that accepts Medicare. If you enroll in a Medicare Advantage plan, you must ensure the plan you select contracts with your preferred provider. 

With Original Medicare, most people do not pay a premium for Part A. In 2023, the Medicare Part B monthly premium will be $164.90. Premiums for Medigap coverage, Part C, and Part D vary by plan. 

You can first sign up for Part A and/or Part B during the 7-month period that begins 3 months before the month you turn 65, includes the month you turn 65, and ends 3 months after the month you turn 65.