Medicare company — Omaha, NE

Medicare is the federal health insurance program for individuals 65 and older, and for younger people with certain disabilities. It helps cover costs for medical services, hospital care, and prescription drugs, providing a foundation for healthcare needs.

Medicare typically does not cover routine dental care, eyeglasses, hearing aids, cosmetic surgery, most chiropractic care, or long-term custodial care. Being aware of these exclusions is important for budgeting your healthcare expenses in Omaha.

To be eligible for Medicare, you generally need to be a U.S. citizen or legal resident for at least five years, be at least 65 years old (or have a qualifying disability), and have worked and paid Medicare taxes for a minimum of 10 years. These are the foundational requirements.

The monthly cost for Medicare varies. While Part A is often premium-free, Part B has a standard premium that can be higher for those with higher incomes. Prescription drug plans (Part D) also have their own premiums. We can provide a personalized estimate for you.

Individuals with higher incomes pay an Income Related Monthly Adjustment Amount (IRMAA), which increases their Part B premium. Your tax returns determine this additional cost.

Part A of Medicare, which covers hospital stays, is often premium-free if you or your spouse have paid Medicare taxes for at least 10 years. However, Part B, covering doctor visits and outpatient services, generally has a monthly premium. Your income can influence this cost.