Purchasing Medicare: What You Need To Know When You Qualify
Many senior citizens think that signing up for Medicare at the age of 65 is simple and easy. Meanwhile, depending on the situation, this is not usually the case. For instance, if you continue to work after the age of 65, or if you have health insurance with your spouse, this could complicate matters. Here are some factors to bear in mind when getting to the age of 65 and ask for the procedure to sign up for Medicare.
1. If you have received a social security pension, you will automatically receive a Medicare card by post 3 months before the age of 65. You will be enrolled in Medicare Part A and Part B. Now, if you do not want Part B, follow the instructions and return the card to your local social security office for further action.
2. When you reach the age of 65 and continue working, you will not be automatically enrolled in Medicare. If you wish to register with Medicare, you must contact the Social Security Administration to start the process of registration.
3. You have a 7 month Medicare registration period which starts 3 months before your birthday and 3 months after your birthday.
4. If you are still working and your company has more than 20 employees, you may not need Medicare B immediately. Reach out to the human resources representative to give you more information.
5. You must register with Part B of Medicare if you have stopped working and your employer has enrolled you in a retirement plan.
6. Medicare A and B do not cover all services. In general, a Medicare Advantage or Medicare supplement is required to cover some of the uninsured Medicare expenses. Complementary and advantageous plans are private insurance plans.
7. Medicare Advantage plans can also be known as Medicare Part C. Now, you can choose and underwrite a Medicare Advantage plan if you qualify for Medicare. It is possible to register during the 7 month period starting from 3 months before the month of birth and 3 months after the month of birth.
8. You can also purchase an additional Medicare plan when you sign up for Medicare. You have a 6 month period to register for an additional plan, starting from the month you turn 65 or if you are eligible for Medicare Part B.
9. A Medicare Advantage and Medicare Supplemental Plan is not required at the same time. You have to choose one over the other.
10. Part D of Medicare is the prescription drug plan. You will not be enrolled automatically in a Medicare Part D plan. You must register with a Medicare Advantage plan or a separate plan that only offers Part D of Medicare.
11. Get 2020 Medicare Supplement Rates to be prepared and get plans in place.
From the foregoing, it can be seen that there is much to consider as the age of eligibility for Medicare approaches. Contact the County Aging Department for more information.