Turning 65?
Confused about your options?
If you are not automatically enrolled in Medicare at age 65, you should be aware there are certain deadlines you’ll have to meet in order to enroll without paying a penalty.
Original Medicare has two main parts. Part A provides hospital coverage and is available to everyone even if you’re still employed or have employer-provided health insurance.
It is also free to most of those who apply, as long as they have worked at least 40 quarters (10 years) in the United States.
Medicare Part B provides coverage for medical expenses and requires you to pay a monthly premium.
“To enroll (in Medicare) when turning 65, you need to sign up during the seven-month time period that begins three months before you turn 65,
the month you turn 65, or the three months after you turn 65.
Not everyone needs Part A and Part B Medicare coverage right away
If you’re still working and receiving health insurance from an employer with more than 20 employees, you may choose to put off applying for Part B until you leave your employer’s group plan. You’ll have an eight-month special enrollment period after you lose employer-provided health coverage to sign up for Part B.
If, however, you don’t qualify for special enrollment and you choose to enroll in Part B outside of the seven months surrounding your 65th birthday, you may be subject to pay an increased Part B premium amount every month after that.
Medicare has other options depending on your needs
While most people have heard of Medicare Part A and Part B, they might not understand what their other options are. For instance, you may choose to sign up for a Medicare Advantage plan which is an insurance plan that “combines the benefits of Parts A and B and, in most cases, includes Part D prescription drug coverage and may include extra benefits like dental, vision, transportation and more.”
Alternatively, you can purchase a separate Part D plan that just covers prescriptions and/or enroll in a Medigap or Supplemental coverage plan which will help cover services and expenses traditional Medicare doesn’t cover.
Understanding how Medicare works and how and when to enroll can be a confusing
Give Just Us Insurance a call for a NO COST Review of your Options.
We will sit down, listen to your objectives, answer all your questions, and then explain all your options so you can make an informed decision. Then we can help you fill out and submit your application.
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Medicare Made Easy / Just Us Insurance Services / INSR4U.com / 760-822-3385
