Medicare 101
What is Medicare?
Medicare is the federal health insurance program for people age 65 and older, certain younger people with disabilities, and people with End‑Stage Renal Disease. It's made up of several "parts" — and choosing how to put them together is where we come in.
THE FOUR PART
Medicare, broken down.
Part A
Hospital Insurance
Covers inpatient hospital stays, skilled nursing facility care, hospice, and some home health care. Most people qualify premium‑free at age 65.
Part B
Medical Insurance
Covers doctor visits, outpatient care, preventive services, and durable medical equipment. Comes with a monthly premium based on your income.
Part D
Medicare Advantage
An all‑in‑one alternative to Original Medicare offered by private insurers, often including drug coverage and extra benefits.
Part B
Prescription Drugs
Helps cover the cost of prescription medications. Can be added to Original Medicare or built into a Medicare Advantage plan.
When to Enroll
Key enrollment periods to know.
01
Initial Enrollment Period (IEP)
The 7‑month window around your 65th birthday — 3 months before, your birthday month, and 3 months after.
02
Annual Enrollment Period (AEP)
October 15 – December 7 each year. Switch, drop, or join Medicare Advantage and Part D plans.
03
Medicare Advantage Open Enrollment
anuary 1 – March 31. Existing MA members can switch plans or return to Original Medicare.
04
Special Enrollment Periods (SEP)
Life events like moving, losing employer coverage, or qualifying for Extra Help can open a special window.
Not sure which Medicare plan is right for you?
Schedule a free, no‑obligation consultation with a licensed Believers agent. We'll compare your options side by side and answer every question.