Familiarize yourself with Medicare, the federal health insurance program for individuals aged 65 and older.
nsure you enroll in Medicare during your Initial Enrollment Period (IEP), which begins three months before your 65th birthday and ends three months after.
Consider purchasing a Medigap (Medicare Supplement Insurance) policy to cover costs that Medicare doesn't, such as copayments.
Enroll in a Medicare Part D plan to cover prescription drug costs. Research and choose a plan that best fits your medication needs.
Explore Medicare Advantage plans (Part C), which are private health plans that provide coverage beyond what Original Medicare offers.
If you have a high-deductible health plan, contribute to a Health Savings Account. HSAs offer tax advantages.
Consider purchasing long-term care insurance to help cover the costs of extended care services.
Prioritize preventive care, a healthy lifestyle, and regular exercise to reduce the risk of chronic health conditions.
Understand the costs associated with different healthcare providers, medications, and services.
Take advantage of wellness programs and screenings offered by Medicare and other health insurance plans.