Medicare 101: Your Guide to Medicare with Franklin Knows

What is Medicare?

Medicare is a federal health insurance program primarily designed for people aged 65 or older, but it also covers certain younger individuals with disabilities or End-Stage Renal Disease. Understanding Medicare options can be tricky, but Franklin Knows is here to guide you. Medicare for seniors helps cover hospital stays, doctor visits, and prescription drugs, ensuring you have the essential coverage you need as you age.
Franklin Knows is not affiliated with the U.S. government or the federal Medicare program.

Who Qualifies for Medicare?
Most people qualify for Medicare when they turn 65. If you or your spouse have worked and paid Medicare taxes for at least 10 years, you’re eligible for premium-free Medicare Part A (hospital insurance). Even if you haven’t worked for 10 years, you may still qualify for Medicare Part A but may need to pay a premium. Franklin Knows can help you understand your Medicare eligibility and ensure you’re aware of your Medicare options

When Does Medicare Start?
Your Medicare coverage typically begins the month you turn 65. You have a 7-month window—three months before your 65th birthday, the month of your birthday, and three months after—to sign up during your Initial Enrollment Period (IEP). Missing this period may result in Medicare late enrollment penalties, which could increase your Medicare Part B and Part D premiums. It’s crucial to enroll during your IEP to avoid these penalties and ensure you start receiving Medicare benefits on time.

How to Enroll in Medicare

Enrolling in Medicare is straightforward, but several steps are involved. First, decide if you want Original Medicare (Part A and Part B) or a Medicare Advantage Plan (Part C), which may offer additional benefits. If you opt for Original Medicare, consider adding Medicare Part D for prescription drug coverage. You may also want Medigap insurance to help with out-of-pocket costs not covered by Original Medicare. You can enroll in Medicare through the Social Security website or by visiting your local Social Security office. Franklin Knows is here to support you through the Medicare enrollment process and help you make informed choices.

What Decisions Should You Consider?

Medicare is not one-size-fits-all, so it’s essential to weigh your options carefully. Consider your healthcare needs, such as whether you need regular doctor visits or specialist care. Think about your budget, including premiums, deductibles, and out-of-pocket costs. Your location is also key since Medicare Advantage Plans vary by state, and some aren’t available everywhere. If you want extra benefits like dental, vision, or hearing coverage, you might need to choose a Medicare Advantage plan or purchase Medigap insurance. Franklin Knows can guide you through these decisions, ensuring you select the best Medicare coverage options for your situation.
How Does Medicare Improve Your Life?

How Does Medicare Improve Your Life?

Medicare provides peace of mind by covering much of your healthcare expenses. This means you can focus on enjoying life without worrying about large medical bills. With Medicare, you have the flexibility to choose your doctors, hospitals, and the type of care you need. Whether it’s routine doctor visits, managing chronic conditions, or receiving preventive services, Medicare for seniors offers healthcare security. At Franklin Knows, we ensure you’re on the right path by providing expert guidance and helping you navigate your Medicare options every step of the way.

Why Choose Franklin Knows as Your Medicare Resource?

At Franklin Knows, we are committed to making Medicare easy to understand. We are a trusted, non-government resource, offering clear, unbiased information to help you compare Medicare plans, understand your coverage, and enroll with confidence. You can trust us to provide expert guidance and easy-to-use tools, such as our 5-Question Eligibility Quiz, to help you get started on your Medicare journey. Franklin Knows is not connected with or endorsed by the U.S. government or the federal Medicare program, but we are dedicated to ensuring you receive trustworthy and compliant information.

Ready to Start Your Medicare Journey?

At Franklin Knows, we believe that Medicare enrollment should be simple. Start today by taking our 5-Question Eligibility Quiz to explore your Medicare options. Let us help you simplify Medicare so you can enjoy peace of mind with the right coverage for your needs

With Franklin Knows, you’re never alone in your Medicare journey. We’re here to provide the knowledge and support you need to make informed Medicare decisions every step of the way. Let us help you get started with Medicare enrollment today!