Advanced Diploma of Financial Planning (ADFP) Practice Test

What is the typical age to begin receiving Medicare benefits?

1. 62

2. 65

3. 66

4. 70

The correct answer is: 65

Medicare benefits typically begin at age 65 for most individuals. This age was established to align with the average retirement age, as many people transition into retirement around this time. At 65, individuals qualify for Medicare Part A (hospital insurance) and Part B (medical insurance), provided they meet certain eligibility criteria, such as being a U.S. citizen or a permanent resident and having worked long enough to qualify. Many people become eligible for Social Security benefits at age 62, but enrolling in Medicare is generally set for 65 because the intent is to support healthcare coverage as individuals age into retirement. Some may continue working past age 65 and could delay enrollment without penalty if they have coverage through an employer. However, many choose to enroll at 65 to ensure they have health coverage as they age, making this the standard age for Medicare eligibility.