Simon Quick Advisors Guide to Medicare

For a typical retiree, healthcare costs can run into the hundreds of thousands of dollars over one’s lifetime. Medicare provides tremendous support for those 65 years of age and older. However, the rules of Medicare are complex, the roster of plan options can seem daunting, and the penalties for making errors when you first enroll (or fail to enroll) can be punitive.

This guide should help you understand Medicare better and assist you in making informed decisions. In it, we summarize and break down the different types of Medicare plans, the steps to enroll, and what to consider when selecting your Medicare package.

• Medicare timeline
• A breakdown of the plan options
• Summary of coverage and fees
• The difference between Medigap and Medicare Advantage
• When to enroll
• General Q&A’s about who is eligible for which plans