Medicare Insurance

Medicare is a health insurance program for qualifying people aged 65 and older and certain younger people with specific conditions or disabilities. Metro Insurance Agency in Rocky Point, zy_state_abbr], is here to assist you in exploring your options, including UnitedHealthcare Medicare Advantage plans, which may offer additional benefits beyond standard Medicare.

Reach out to us for detailed information and to find a plan that suits your healthcare needs.

How Is Medicare Funded?

Medicare funding comes from two primary sources: the Hospital Insurance (HI) Trust Fund and the Supplementary Medical Insurance (SMI) Trust Fund. The HI Trust Fund, which pays for Medicare Part A benefits, is funded primarily through payroll taxes levied on employees and employers. The SMI Trust Fund supports Part B and Part D, funded through beneficiaries’ premiums and general revenue contributions.

Is Anyone Eligible for Medicare?

Eligibility for Medicare is based on age, disability and disease criteria. Individuals 65 or older who are U.S. citizens or permanent legal residents for at least five consecutive years are typically eligible. People under 65 with specific disabilities or those with end-stage renal disease (ESRD) or amyotrophic lateral sclerosis (ALS) may also qualify.

Is Medicare Free at Age 65?

Medicare is not entirely free at age 65; beneficiaries may incur premiums, deductibles, copayments and coinsurance costs.

Medicare Part A (hospital insurance) is premium-free for most people who have paid Medicare taxes for a sufficient number of years, while Medicare Part B (medical insurance) requires a monthly premium.

Does Everyone Pay for Medicare?

Most people will pay for Medicare in some form—through premiums for Part B and Part D, deductibles, copays or coinsurance. The costs can vary based on income, the years you’ve paid Medicare taxes and the specific Medicare plan you choose.

Contact Us

Metro Insurance Agency helps Rocky Point residents navigate Medicare and find appropriate coverage. Contact us for personalized assistance and understand how to maximize your Medicare benefits.