Getting Medicare is a major achievement. People who are turning 65 often have a tough time figuring out all the parts and plans with the same letters. It can be confusing, but we’re here to answer questions and help you get the Medicare information you need.
-Some people are automatically enrolled in Medicare while others have to sign up. You may have to actively enroll if you’re 65 and not getting Social Security.
-There are certain periods when you can sign up or change your Medicare coverage.
-If you sign up for Part B when you’re first eligible, you can avoid a late enrollment penalty.
-You choose how you get your coverage.
-You may be able to get help with your costs, especially for Part D.
You’re eligible for Medicare at age 65, whether you’re taking Social Security income benefits or not. Some people are eligible before 65 due to illness or a disability.
If you’re still working past 65 and have health insurance through your employer, you can have that private coverage AND Medicare. However, there are some things to consider. It would be a good idea to compare the costs for Medicare to the costs and deductibles of your group insurance. It might make more sense to stick with your employer coverage, and an agent can advise you on what to do.
When you leave your employer coverage to transition to Medicare, it can be overwhelming at first. But once you know what steps to take, it’s a straightforward process. And with some proper planning, you’ll be able to avoid penalties and get the most out of your coverage.
Once you’ve learned the basics, confirmed your eligibility, and are prepared to pay some costs, you’re ready to apply for Medicare.
When and How Should You Sign Up?
For most people, the best time to sign up is during your Initial Enrollment Period (IEP) — a seven-month window that begins the three months before the month you turn 65 and ends the three months after.
Important Notes: The only parts you need to enroll in at the Social Security office are A and B.
If Medicare will be your primary insurance, you definitely need Part B.
How Is Medicare Coverage Determined?
Medicare coverage is based on these factors:
These companies decide whether an item or service is “medically necessary” and should be covered in that area.
Keep Learning About Medicare
To learn more about your coverage options in Florida, including Medicare Supplements and Medicare Advantage plans, please keep browsing our website.
