Medicare Options Every Small Business Owner Should Know About
As a small business owner, you’re used to wearing many hats—from managing finances to handling benefits. But when it comes to Medicare, many entrepreneurs are caught off guard. Whether you’re approaching age 65 or managing health coverage for employees, understanding your Medicare options is essential for staying protected and financially prepared.
At Medicare & Money, located in Cherry Hill, New Jersey, we specialize in guiding small business owners through the complexities of Medicare with clarity, care, and expertise.
Why Medicare Matters to Business Owners
Medicare isn’t just a retiree issue. If you’re self-employed or still running your business past 65, you need to know:
When to enroll
What coverage options are available
How it works with your existing private or group insurance Making the wrong decision—or delaying enrollment—could cost you in penalties or coverage gaps.
Your Medicare Options at a Glance
Here’s what every small business owner should be aware of:
1. Original Medicare (Part A & B)
This is the standard federal program:
Part A covers hospital insurance and is often premium-free if you've paid into Medicare taxes.
Part B covers outpatient care, doctor visits, and more—but comes with a monthly premium.
2. Medicare Advantage Plans (Part C)
Offered by private companies, these plans bundle Part A and B and often include:
Prescription drug coverage (Part D)
Vision, dental, and wellness perks They can be a great option if you're looking for all-in-one coverage.
3. Medicare Supplement Plans (Medigap)
If you choose Original Medicare, you can also get a Medigap plan to help with out-of-pocket costs like deductibles and coinsurance. This is ideal for those who want predictable healthcare costs.
4. Medicare Part D (Prescription Drug Plans)
Even if you’re healthy, enrolling in a drug plan when you’re first eligible helps you avoid future penalties.
How It Works If You’re Still Running a Business
Many small business owners delay retirement—and that’s okay. But you still need a Medicare strategy:
If you have a group plan (with fewer than 20 employees), Medicare may become your primary coverage once you turn 65.
If you're self-employed, you’ll need to compare costs and coverage between private plans and Medicare.
That’s where Medicare & Money steps in—with personalized support, plan comparisons, and clear advice tailored to your situation.
We Help You Ask the Right Questions:
Should I keep my current plan or switch to Medicare?
Will my prescriptions be covered?
What’s the best time to enroll?
How do I avoid late penalties?
Trusted Medicare Help in Cherry Hill, NJ
At Medicare & Money, we believe Medicare decisions shouldn’t be overwhelming. Our Cherry Hill-based advisors help small business owners make smart, confident choices—whether you're enrolling for yourself or supporting your team.
We provide:
Free consultations
Multilingual assistance
Easy-to-understand explanations
Ongoing support every year
Take the First Step Today
If you're a small business owner in Cherry Hill or South Jersey, it's time to get ahead of your Medicare plan. Let us help you save money, avoid stress, and focus on what matters most—your business and your health.
