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Medicare and Social Security

What's New in Social Security and Medicare Funding?

There are two ways that you can pay for Medicare or Medicare-related insurance premiums:

  • Pay by cash or check. This can be done by mail (cash or checks usually need to be postmarked by the 5th of each month) or in-person at a designated office.
  • Have the premium automatically deducted from your monthly Social Security check.

If you have not paid by the 15th of the month, you will receive a notice that your coverage will end if payment is not received within 90 days of the due date.

There are multiple out-of-pocket expenses that you may need to pay for:

  • Copayment (a fixed amount you pay each time you receive medical services).
  • Coinsurance (the percentage you pay of the total cost of medical services).

You may qualify for financial assistance through your state’s Medicare Savings Program if you are a:

  • Qualified Medicare Beneficiary (QMB)
  • Specified Low-Income Medicare Beneficiary (SLMB)
  • Qualifying Individual (QI)
  • Qualified Disabled & Working Individuals (QDWI)

Have additional questions? Call us at (866) 817-5270 and we’ll help you get the information that you need.

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    MedicareMarket.com helps you find a personalized Medicare coverage option that works for you. Our licensed agents can answer your questions and help you avoid high out-of-pocket costs, copayments, and deductibles. Your health is important, and we are here to make sure that you’re not overpaying for it.

  • What does it cost to use MedicareMarket.com?

    Nothing. MedicareMarket.com is a free service to help you find the Medicare Supplement insurance that’s right for you.

  • What if I don't know what I need?

    We are here to help. Our US-based agents can help you assess your options and give you the peace of mind knowing that you are covered under a plan that meets your needs.

  • What if I already have a plan?

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  • How do I get started?

    It’s simple, and answer a few questions so that we can find the perfect plan for you.

or call us at (866) 817-5270

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