Medicare and the Baby Boomer

Baby Boomer, you’re NOT OLD, and there are lots of YOU!

If you graduated high school between 1964 and 1982, you are probably one of the 77 million baby boomers in America.  Every day between now and the next 20 years approximately 10,000 boomers will turn 65 and you are not old! Today’s 65 year old is computer savvy, exercising, vibrant and interested in utilizing their health care options to stay that way.

Baby Boomers Retirement and Medicare

Some boomers have retired and are living their dreams. Other new 65 year old’s are caring for their aging parents and experiencing unexpected financial and emotional stress; additional baby boomers have been hit hard by the recent economic downturn, and consequentially 22% will not retire until age 70 or older.  Whether you are close to reaching the 65 year old mark, or have reached it, and are retired or still working, it is vital that you know how to utilize Medicare to its fullest potential, as these different components can dramatically affect your costs.

What is Medicare?

There are 4 parts to Medicare: Part A, Part B, Part C and Part D. Medicare Part A and B are a health insurance program administered by the United States of America government.

  1. Medicare Part A covers inpatient hospitalization and skilled nursing, hospice and some home health care services.
  2. Medicare Part B covers doctor visits, preventive services, outpatient hospitalization, diagnostic tests, durable medical equipment and some home health care services.
  3. Medicare Part C consists of Medicare Advantage plans offered by private insurers and approved by Medicare. Medicare Advantage plans may offer similar coverage to Part A and Part B as well as additional benefits.  They may include prescription coverage, gym membership and dental. A recipient must have Medicare Part A and Medicare B and live in the service area to be eligible to enroll in a Medicare Advantage Plan.
  4. Medicare Part D is prescription coverage and is offered by private insurers approved by Medicare. A recipient is eligible for Medicare Part D if they are entitled to Medicare Part A and/or enrolled in Medicare Part B, and live in the service area.

Who is Eligible for Medicare?

To be eligible for Medicare an applicant must be an American citizen, or a permanent resident of the U.S. who has lived in the United States for a minimum of 5 years in a row; the applicant must be 65 years of age or older, or under 65 with certain disabilities; and either the applicant or their spouse must have worked and paid Social Security taxes for at least 10 years.

More Medicare Details

For more information and details on what Medicare is and who is eligible, please contact Social Security at 1-800-772-1213 Monday – Friday from 7 a. m. – 7 p.m., or 1-800-MEDICARE 7 days a week, 24 hours a day, or go to the Medicare website:


Reeva Simon Rivkin, RHU, HIP, President, Rivkin Insurance Services; CA LicOB12353

Rivkin Insurance Services is a full service insurance agency specializing in Employee Benefits, Medicare Supplements, Medicare Advantage, Medicare Part D, Long Term Care Insurance, and Individual Health Care Insurance. We are here to help!

We are your advocate!

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