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Chad Norgard No Comments

Happy Birthday! Turning 65 is a monumental birthday for many reasons. You can start taking advantage of the senior discount at restaurants and senior admission to museums and other venues. There are also perks like Medicare and tax breaks. If you recently turned 65 or will soon, this is the ultimate guide to get the most out of your age. 

Do I Automatically Get Medicare When I Turn 65?

One of the most common questions people ask is: Do I automatically get Medicare when I turn 65? You are automatically qualified for Medicare when you turn 65, but not everyone is automatically enrolled. If you are retired and receiving social security or benefits from the Railroad Retirement Board, you are automatically enrolled in Medicare Part A and B. You’ll receive your red, white, and blue Medicare Card about 3 months before your 65th birthday. If you’re not already receiving retirement benefits, you’ll need to enroll in Medicare. 

Can I Sign Up for Medicare Online?

You can sign up for Medicare online through the Social Security website. Click here to sign up for Medicare online. If you have any trouble navigating the site or completing your enrollment, ask for help from a family member or friend. You can also call the Social Security Office at 1 (800) 722-1213. 

When Should I Sign Up for Medicare?

You should plan to sign up for Medicare about 3 months before your 65th birthday. It may take a few months for your enrollment to be approved, so that it is ready to go into effect on the first day of the month you were born. 

How Much Does Medicare Cost at Age 65?

Medicare Plan A doesn’t cost anything for most people at age 65. If you are purchasing Medicare Plan A, the cost depends on how many quarters you paid Medicare taxes. If you paid Medicare taxes for less than 30 quarters, the premium is $458. If you paid Medicare taxes for 30-39 quarters, the premium is $252. 

For Medicare Part B, the standard premium is $144.60. This amount goes up depending on your income. There are other things that factor into the cost of your benefits such as deductibles and coinsurance. You can find more detailed information here

What If I’m Still Working at 65?

If you are still working and have active health insurance provided through your employer, you are still eligible to apply for Medicare. However, because Medicare Part B requires you to pay a monthly premium, you may want to wait to start until after you retire. 

When Should I Start Drawing Social Security?

You are eligible to start drawing social security by age 62, but if you haven’t done so yet, you may consider doing so now. But, before making this decision, it would be wise to speak with your accountant. If you start drawing social security too early, there are penalties that may apply. You can visit the Social Security Administration website to learn when you are eligible for benefits and how to avoid penalties. 

Tax Credit for Seniors

Another major benefit to turning 65 is that you are now eligible for the elderly tax credit. Information directly from the IRS website states that a person is eligible for this tax credit if they meet the following requirements:  

  • aged 65 or older OR retired on permanent and total disability and received taxable disability income for the tax year; AND
  • with an adjusted gross income OR the total of nontaxable Social Security, pensions annuities or disability income under specific limits

Property Taxes at Age 65

You may have heard that property taxes are lower for people over 65. This is true, but it differs from county to county and state to state as property taxes are determined by local government, not the federal government. Due to the increased value of their homes, many seniors were finding their property taxes to be unaffordable as they were retiring and getting used to living on a fixed income. Many state and local governments have taken steps to alleviate these high property taxes, and if you’re lucky, they may apply to you. 

Get Fully Insured at Age 65 with Norgard Insurance Group  

You may have heard that Medicare Part A and B doesn’t cover everything. There are supplemental insurance plans (Medicare Part C) offered by private insurance companies, such as Norgard Insurance Group. In addition to health insurance at age 65, life insurance is another important type of coverage to have in place. Norgard Insurance Group offers affordable life insurance plans as well to cover your final expenses and to help ensure that your family is taken care of.  


Norgard Insurance Group wants to help you make your senior years your best yet. If you have additional questions, feel free to contact us any time!

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