For Medicare plan alternative advice for individuals turning 65, contact Just Us Insurance.
Medicare Plan Options for people turning 65
- People have a seven month interval, called the “Initial Enrollment Period” to sign up for Part B. The time frame to register for Part B is three months before or after your 65th birth month. If you wait until after your 65th birthday to register for Plan B, your coverage will be delayed by one month. A good example of this would be if an person waited until their 65th birthday in January to enroll, their plan would not go into effect until April. Your local Social Security Administration Office can help you in signing up for your Part B Plan..
- If you miss registering for Medicare Part B during your 7 month window, you are going to be penalized 10% for every 12-month period that you do not have Part B. Once you enroll in Part B, you will pay 10% of the existing Part B premium. For instance if the part B premium is $100/mo, you will pay $110/mo. You will have to pay this fee for the remainder of your life.
- The 1st of January is when the Part B Enrollment Period starts and it ends on March 31st. You need to register within this time frame to ensure you have coverage for that year.
- If the Enrollment date is fulfilled, your coverage will begin on July 1st. Understand however, that you’re not covered by Part B until the first of July.
- You won’t start paying for Part B until your Part B effective month.
- The first month this can go into effect is your 65th birth month, unless your birthday falls on the 1st of the month, in which case, your effective date will be the 1st day of the month before your birth month.
- You will have up to three months after your Part B effective date to sign up for a Medicare Prescription Drug Plan or Medicare Advantage Plan..
- Within half a year of your Part B coverage effective date, you have to register to get a Medicare Supplement Plan, otherwise your program will go through medical underwriting and your medical coverage will not be regarded as a “Guaranteed Issue”
If You’re Retiring or are About to Lose Present Coverage:
- The penalties and deadlines will apply should you not register for Part B coverage inside the very first 63 days of losing your coverage..
- Coverage supplied by COBRA is not sufficient.
- You need to enroll for Part B coverage inside the initial eight months which you quit working, even when your employer has provided insurance coverage from a severance plan or similar package.
- You may have double coverage, and Medicare would be considered the “first payer”. This is normally reserved for individuals with VA Benefits, or Union insurance coverage. In the event you give up your Union coverage (terminate it to register for Medicare), you might not be able to get it back.
Moving From A Different County or State?:
You simply have 63 days after you “officially” move to be able to switch your plan, or register into Medicare part B. This time frame is recognized as a “Guaranteed Issue” span so you can’t be denied coverage. Once you have told the Social Security Administration about your move, the 63 days starts..
Are your Medicare Alternatives Being Reviewed Each Year?
- Contact us today for a Private Medicare Assessment free to you for our services! 760-822-3385
Are you about to turn 65 years old?
We provide services and consultations for:
- Medicare Prescriptions Drug Coverage
- Medicare Supplement Coverage
- Medicare Advantage Coverage
The Following Insurance Coverage Suppliers are Provided by Just Us Insurance:
*AARP/United Health Care
* Anthem
* SCAN
* Blue Shield
* CareFirst
* Humana
* Aetna
* Health Net
If you are turning 65 and want to learn more about the Medicare Coverage Options open to you, Call Just Us Insurance.
Just Us Insurance
877-777-7055 FREE / INSR4U.com
Just Us Insurance is located in Oceanside CA.
To assist you, our Agents offer in home appointments in
Oceanside, Carlsbad, Vista, San Marcos, Escondido, Temecula,
Murrieta, Santee, El Cajon, San Clement, Mission Viejo, and Big Bear Lake.
Just Us Insurance operates in San Diego, Riverside, Orange and San Bernardino Counties.
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