Farm and Ranch Insurance Services

Are Your Parents Paying Their Medicare Premiums?

Are Your Parents Paying Their Medicare Premiums? When parents fail to pay their Medicare premiums, everyone suffers.

TRUE or FALSE?
Once you take Medicare you must also take Social Security.
False! You can delay Social Security beyond 65 to maximize your benefit. If you do this, there are other ways to pay for your Medicare premiums until you take Social Security.

There are four types of Social Security benefits: Retirement benefits, Survivor benefits, Supplemental benefits, and Disability benefits.

Quick Tip: Generic Drugs are a prescription drug that has the same active-ingredient formula as a brand-name drug. Generic drugs usually cost less than brand-name drugs. The Food and Drug Administration (FDA) rates these drugs to be as safe and effective as brand-name drugs.