Living Longer and Better with Ira Sobel

Key Takeaways

• Medicare premiums are income-based; beneficiaries with higher retirement incomes are subject to the Income-Related Monthly Adjustment Amount (IRMAA), increasing their Part B and Part D costs.

• Standard Medicare coverage does not extend outside the United States, meaning seniors traveling abroad for retirement typically require supplemental travel insurance.

• Preventive services intended to promote longevity, such as flu shots, bone density measurements, and cancer screenings, are covered by Medicare Part B without a copayment.