10. Have you planned for monthly premiums?
Most Medicare beneficiaries pay monthly premiums, separate from copays or deductibles charged at time of care.
Original Medicare
If you only sign up for Part A, you will probably pay no premium. For most participants, the Part B monthly premium is $134, based on 2018 rates. If you add a Part D prescription drug plan, premiums average about an additional $41 a month. If you buy a Medigap policy, the premiums range from under $100 for a high-deductible plan to several hundred dollars a month for comprehensive coverage.
Medicare Advantage
You will pay the $134 monthly Part B premium, plus an additional premium that average $30 but varies depending on the services covered.
11. Are you eligible for Medicaid?
You should still sign up for Medicare as soon as you are eligible. Medicaid will pay some or all out of pocket expenses, depending on your income. Call your State Health Insurance Assistance Program, information is at shiptacenter.org.
12. Do you need financial help?
There are 4 Medicare Savings programs that help people with low incomes. You may also qualify for extra help with Part D costs. Contact your local SHIP office or call the Medicare hotline at 800-633-4227
Keep reading the last set of questions you need to answer in order to choose the best Medicare coverage.