Your Medicare Overview
If you're new to Medicare or reviewing your options, understanding the basics can make the process much easier. This page covers eligibility, costs, and enrollment periods—all in one place.
Who Is Eligible for Medicare?
You may qualify for Medicare if:
Age 65 or Older
Most people become eligible at age 65.
Under 65 With Certain Disabilities
You may qualify after receiving disability benefits for 24 months.
Diagnosed With ESRD or ALS
Eligibility is automatic for individuals with end-stage renal disease or ALS.
Additional Notes
We provide support for those helping a loved one navigate Medicare decisions.
You must be a U.S. citizen or a legal permanent resident for at least 5 consecutive years.
Eligibility for Medicare is separate from retirement age.
Understanding Medicare Costs
Medicare has different parts, and each part has its own costs. Below is a simple overview.
Part A (Hospital Insurance)
Most people pay $0 for Part A because they worked enough years and paid Medicare taxes.
Part B (Medical Insurance)
Part B has a monthly premium, which is set annually by Medicare. You are also responsible for:
- Annual Part B deductible
- Copayments and coinsurance
Part C (Medicare Advantage)
Costs vary by plan and insurer. You still pay your Part B premium and may have:
- $0 or low premiums
- Copays, coinsurance, and deductibles
- An annual out-of-pocket maximum
Part D (Prescription Drug Plans)
Costs vary by:
- Plan premium
- Drug formulary
- Pharmacy network
- Drug tier
- Annual deductible
Medigap (Medicare Supplement Plans)
Monthly premium varies by:
- Age
- ZIP code
- Tobacco use
- Plan type
Key Medicare Enrollment Periods
Initial Enrollment
Period (IEP)
A 7-month window around your 65th birthday (3 months before, the month of, and 3 months after).
Annual Enrollment
Period (AEP)
October 15 – December 7
You can join, switch, or drop Medicare Advantage or Part D plans.
Medicare Advantage Open Enrollment Period (MA-OEP)
January 1 – March 31
For people already enrolled in a Medicare Advantage plan.
General Enrollment
Period (GEP)
January 1 – March 31
For those who missed their initial Part A/B enrollment.
Special Enrollment Periods (SEPs)
Available for qualifying situations, such as:
- Moving outside your plan’s service area
- Losing creditable coverage
- Qualifying for Medicaid
We Make Medicare Easier
Medicare can feel complicated, but we’re here to help. Our licensed advisors can walk you through eligibility rules, costs, and enrollment windows so you know exactly what steps to take.
TruLife Advantage is not connected with or endorsed by the U.S. government or the federal Medicare program.
We may not offer every plan available in your area. For a complete list of options, visit Medicare.gov or call 1-800-MEDICARE.