Medicare Insights
Medicare Part A
Explore comprehensive coverage options for hospital care under a government program.
What is Medicare Part A?
Medicare Part A, in conjunction with Medicare Part B, constitutes the core elements of what is commonly referred to as Original or Traditional Medicare. Part A specifically addresses hospital care, skilled nursing facility care, hospice care, and home health care, while Part B encompasses doctor services, outpatient care, and preventive services.
The segmentation into various 'parts' may initially appear complex, but it inherently allows for tailored coverage plans aligned with individual needs and preferences. Medicare's modular structure facilitates the customization of coverage to accommodate diverse lifestyles and requirements. Part A and Part B serve as the fundamental pillars of the Medicare program, requiring individuals to be at least 65 years old (or younger with certain medical conditions) to qualify.
For those without private insurance, such as through an employer, the option exists to augment coverage by integrating additional Medicare components tailored to specific healthcare needs.
Who is eligible for Medicare Part A?
The eligibility criteria for Parts A and B (Original Medicare) remain consistent. Enrollment in Part A does not necessitate enrollment in Part B; therefore, opting for Medicare Part A alone maintains the same eligibility standards. However, if delaying enrollment in Part B due to existing credible coverage, individuals have an 8-month window following the cessation of such coverage to enroll in Part B without incurring penalties.
Original Medicare Eligibility and Enrollment
Determining your eligibility for Medicare Part A and/or Part B coverage can be done through various methods, including potential automatic enrollment. For a simplified process, verification services are available through different channels.
If you're currently receiving Social Security benefits or benefits from the Railroad Retirement Board (RRB), you'll typically be automatically enrolled in Medicare Parts A and B on the first day of your 65th birthday month (except for residents of Puerto Rico, who must actively enroll in Part B). Your Medicare card, distinguished by its red, white, and blue color scheme, will be mailed to you about three months before your 65th birthday or the 25th month of receiving disability benefits.
On the other hand, if you're not yet receiving Social Security benefits, you'll need to actively enroll in Medicare.
What Happens If You Miss Your Initial Enrollment Period?
If you missed your initial enrollment opportunity and lack other creditable coverage, such as employer-provided health insurance, you'll need to wait until the next General Enrollment Period.
This period spans from January 1 to March 31 annually. Coverage obtained during this period commences on July 1 of the same year.
However, it's important to note that failing to enroll during the initial period may result in a late enrollment penalty being applied to your Medicare Part B premium for the duration of your coverage. This penalty typically increases by 10% for each year you were eligible but not enrolled.
What does Medicare Part A cover?
Understanding the coverage provided by each segment of Medicare is crucial for making informed decisions and ensuring optimal personal coverage, while also mitigating potential billing surprises in the future.
Hospital stays. Medicare Part A facilitates coverage for necessary tests, treatments, and services during hospital admissions, including nursing care, physical therapy, meals, and most prescribed medications.
Short-term skilled nursing facilities. Part A extends coverage for inpatient stays and services within skilled nursing facilities for a specified duration, as deemed necessary.
Home healthcare. Coverage is available if medical care from a home health professional is deemed essential during recovery from an inpatient hospital stay.
Hospice care. Part A assists in covering the majority of healthcare costs for comfort care (palliative care) when hospice care is chosen for a terminal illness.
It's essential to understand that Medicare Part A covers emergency room (ER) visits resulting in hospital admission by a physician. However, if you return home without admission, costs may be covered by Medicare Part B or private insurance, not Medicare Part A.
What does Medicare Part A not cover?
Given that Medicare Part A focuses on critical injury or illness care, it's essential to recognize that it does not cover all hospital expenses. Here are some common scenarios where Part A coverage is not applicable:
Private Rooms. While semi-private rooms are included in your hospital stay, Medicare Part A does not extend coverage to private rooms during inpatient care.
Blood. Part A does not cover blood transfusions, potentially necessitating out-of-pocket payments if blood is required. However, if the facility receives blood from a blood bank or through donation, costs are often waived.
Long-term hospital stays. For extended care needs exceeding an average of 25 days, Medicare Part A does not provide coverage, requiring reliance on private insurance or personal funds.
Therefore, understanding your current and future healthcare needs is crucial. Compile a list of desired services such as medications and physician preferences to ensure alignment with Medicare plan coverage, minimizing potential out-of-pocket expenses.
Medicare Part B
Discover diverse medical coverage options provided through a government initiative.
What is Medicare Part B?
Navigating healthcare options, especially Medicare, grows increasingly crucial with age. Medicare, encompassing Parts A & B, provides essential coverage, with Part B addressing medical services like doctor visits and outpatient care. Simplifying this process involves swiftly delivering tailored recommendations online. While Part A forms the foundation, Part B expands coverage, making Medicare adaptable to individual needs.
Understanding the nuances of Medicare can be overwhelming. Part A serves as the cornerstone, while Part B complements it by covering additional medical services. This flexibility allows individuals to construct a healthcare plan that aligns with their unique circumstances and preferences.
Finding the right Medicare plan becomes effortless with streamlined processes. Whether it's navigating the complexities of Part A or exploring the benefits of Part B, comprehensive guidance and support ensure individuals can make informed decisions about their healthcare coverage.
Who is eligible for Medicare Part B?
Eligibility for Medicare Part B hinges on whether you meet the criteria for Medicare Part A. While having Part A is not a prerequisite for Part B, opting for Part B without Part A doesn't alter the eligibility standards. If delaying Part B due to existing credible coverage, you have an 8-month window after its cessation to enroll without penalties.
Original Medicare Eligibility and Enrollment
Determining eligibility for Original Medicare (Medicare A and B) or potential automatic enrollment can be done through various channels. Seeking a simpler approach? As part of the initial steps, we ensure eligibility verification before proceeding with Medicare plan recommendations.
Upon reaching age 65, automatic enrollment in Medicare Parts A and B occurs for individuals receiving benefits from Social Security or the Railroad Retirement Board (RBR), except for residents of Puerto Rico who must enroll in Part B separately. The red, white, and blue Medicare card is typically mailed three months before one's 65th birthday or the 25th month of receiving disability benefits. Alternatively, those not currently receiving Social Security benefits must actively enroll in Medicare during the Initial Enrollment Period (IEP).
Medicare Part B Enrollment
Exploring Medicare enrollment inevitably brings attention to the Initial Enrollment Period (outlined above). However, it's less known that individuals with Medicare Part A can defer Part B coverage under certain circumstances to avoid a late enrollment penalty. These circumstances include:
- Currently having employer or union coverage through one's or their spouse’s job
- Having COBRA coverage
- Receiving Social Security disability benefits
- Having health care benefits from Veterans Affairs
- Having Tricare coverage as an active-duty service member or active-duty family member
- Currently receiving retiree health coverage
If none of the above scenarios apply, enrolling during the Initial Enrollment Period is necessary to avoid penalties. Waiting until the Annual Election Period (AEP), from October 15 to December 7, leaves little time for research and decision-making. However, finding the perfect Medicare plan becomes easier with the right assistance.
Turning to specialized services can streamline the process after enrolling in Original Medicare. With dedicated support, individuals can navigate their options seamlessly, ensuring optimal coverage without added hassle.
What does Medicare Part B cover?
When you search for information about Medicare Part B, you'll often encounter the statement that it covers 80% of the Medicare-approved costs of certain services. But what exactly does that entail? Familiarizing yourself with the coverage areas of your Medicare plan is essential for securing the best possible coverage and avoiding unexpected bills later on.
Medicare Part B encompasses two primary types of coverage: preventative services and medically necessary services. Preventative services include vaccinations, annual cancer screenings, wellness visits, lab work, and mental health counseling. On the other hand, medically necessary services vary depending on the patient and are defined as healthcare services or supplies required for diagnosing or treating an illness, injury, condition, disease, or symptoms according to accepted medical standards.
Here's a breakdown of common Medicare Part B coverages for outpatient services:
- Doctor's services and mental health services
- Outpatient care or surgeries
- Home health services
- Durable medical equipment
- Diagnostic imaging
- Chemotherapy
- Dialysis
What does Medicare Part B not cover?
Medicare Part B is designed to cover treatments deemed medically necessary and/or preventative. While it complements Medicare Part A, understanding what is not covered is crucial to avoid unexpected out-of-pocket expenses. These exclusions include, but are not limited to:
- Most dental care
- Cosmetic surgery
- Eye exams for prescription glasses
- Hearing aids and fitting exams
- Prescription drug coverage
It's vital to assess both current needs and potential future requirements when considering your healthcare plan. Creating a comprehensive list of preferences, including medications and physician information, ensures alignment with the coverage offered by each Medicare plan, minimizing potential out-of-pocket costs.
Although it may seem overwhelming, obtaining recommendations and checking eligibility can be done swiftly without hassle.
Medicare Part B premiums
Medicare Part B entails a fixed monthly premium upon enrollment. In 2024, the standard premium stands at $174.70 per month, though individual premiums may vary based on income bracket and the Income Related Monthly Adjustment Amount (IRMAA). Some individuals may qualify for state assistance to cover Medicare costs under specific conditions.
For those currently receiving Social Security or Railroad Retirement Board (RRB) benefits, the premium is typically deducted automatically from their monthly benefits. However, if not receiving or expected to receive Social Security benefits at the time of Medicare enrollment, the premium is billed monthly by mail instead.
Medicare Part B deductibles
For 2024, Medicare Part B carries a deductible of $240. After meeting this deductible, Medicare covers 80% of Part B expenses, leaving you responsible for the remaining 20% as coinsurance. To mitigate these out-of-pocket costs, individuals can consider additional coverage options like Medicare Supplement (or Medigap) plans.
Furthermore, for those who are dual-eligible—meaning they have both federal Medicare coverage and qualify for their state Medicaid program—there's an additional Medicare Savings Program that their income may qualify them for. These programs may assist with paying some or all of Medicare Part B premium, deductibles, coinsurance, and copays, making them beneficial options worth exploring.
Medicare Part C
Uncover personalized healthcare options beyond traditional Medicare plans.
What is Medicare Advantage?
As we age, healthcare expenses naturally increase, but fortunately, there are Medicare insurance plans tailored to suit various lifestyles. Finding the right plan can be both confusing and unexciting unless, of course, you're passionate about it, like we are. Our goal is to demystify Medicare and help you choose the best plan to meet your needs, exploring territories others may overlook.
In this guide to Medicare Advantage (also known as Medicare Part C), we'll delve into why it's worth considering. While Medicare Parts A and B constitute Original Medicare, Part C, or Medicare Advantage, is offered through Medicare-approved private insurance companies. It serves as your primary health coverage, providing the same benefits as Parts A and B, along with extra perks.
Despite covering similar services as Original Medicare, Medicare Part C plans often boast lower out-of-pocket costs for these services. Additionally, they offer a variety of plans with potential coverage for supplementary benefits. With several Medicare Part C plan types available, costs can vary, offering flexibility to cater to individual needs.
Types of Medicare Advantage
Just when you thought you had a handle on the Medicare Alphabet and its nuances, along comes Medicare Part C, offering a different experience with various plan types akin to private insurance. Medicare Advantage plans come in several types, including:
Health Maintenance Organization (HMO): HMO plans provide care through a network of healthcare providers for a predetermined fee per service. Exceptions include emergency care, out-of-area urgent care, and temporary out-of-area dialysis.
Preferred Provider Organization (PPO): Similar to HMOs, PPOs feature a provider network with agreed-upon fees per service. However, you're allowed to see out-of-network providers. PPOs don't require a primary care physician (PCP), and referrals for specialists are typically unnecessary. Flexibility comes at a higher cost if you opt for out-of-network services, leading to increased premiums and copays.
Health Maintenance Organization Point of Service (HMO POS): Point of Service (HMO POS): Combining aspects of both HMOs and PPOs, HMO POS plans require a designated PCP but allow for out-of-network care for a higher copayment or coinsurance.
Private Fees for Service (PFFS): PFFS plans operate on a fee-for-service basis and don't restrict provider choice, provided the provider agrees to treat you. The plan determines payment methods for services and potential out-of-pocket costs.
Types of Medicare Advantage (continued)
Medicare Advantage Special Needs Plans (SNP) cater to individuals with specific healthcare or financial requirements. These plans include prescription drug coverage but may vary in accessibility depending on your location. SNPs come in four different variations:
- Dual Special Needs Plans (D-SNPs) serve individuals eligible for both Medicare and Medicaid.
- Chronic Special Needs Plans (C-SNPs) are designed for those with severe or incapacitating chronic diseases.
- Institutionalized Special Needs Plans (I-SNPs) are available for individuals residing in skilled nursing facilities for 90 days or longer.
- Institutional-Equivalent Special Needs Plans (IE-SNPs) cater to individuals living in assisted living facilities under contract, requiring care comparable to that provided in skilled nursing facilities, who can remain at home.
Who is eligible for Medicare C?
Medicare Advantage Eligibility Rules
To qualify for Medicare Part C, commonly known as Medicare Advantage, you typically need to meet the following criteria:
- Already be enrolled in Original Medicare (consisting of Medicare Parts A and B).
- Reside in a service area where private insurance companies offer Medicare Advantage/Medicare Part C plans.
Additionally, it's essential to note that Part C coverage isn't automatic. You must actively enroll in a Medicare Advantage plan. These plans are offered by private insurance companies, and the enrollment process resembles that of purchasing any other health insurance policy.
Original Medicare Eligibility
Before diving into Medicare Part C eligibility, let's cover the fundamentals of Medicare Parts A and B:
If you receive Social Security benefits, you'll be automatically enrolled in both Medicare Parts A and B upon reaching age 65. However, if you're not yet receiving Social Security benefits, you'll need to actively sign up for Medicare yourself. This ensures you're enrolled in Original Medicare before considering Medicare Part C eligibility.
When can I enroll in Original Medicare?
Your healthcare journey begins with your Initial Enrollment Period (IEP), a pivotal window lasting seven months. Starting three months prior to turning 65 and extending through your birthday month and three months thereafter, you have the opportunity to enroll in Medicare Parts A and B.
It's worth noting that you may qualify for Medicare before reaching 65 if you have a qualifying medical condition or if a doctor diagnoses you with a disability that hinders your ability to work. In such cases, your IEP commences three months before your first month of eligibility and lasts for seven months.
Importantly, failing to enroll in Medicare Parts A, B, or D during your initial eligibility period may result in fines in the form of higher premiums.
Medicare Part C Enrollment
The Initial Coverage Election Period (ICEP) is a crucial time for those newly eligible for Medicare who are considering a Medicare Advantage plan. It coincides with the Initial Enrollment Period (IEP) mentioned earlier if you sign up for Medicare Parts A and B when first eligible.
If you don't enroll in a Medicare Advantage plan during your ICEP, you may need to wait until the fall Medicare Open Enrollment Period, also known as the Annual Enrollment Period (AEP), or qualify for a Special Enrollment Period (SEP).
Should you delay enrolling in Medicare Part B, you'll have an ICEP to sign up for a Medicare Advantage plan once you have Part B. It's important to note that this eligibility period lasts only three months before the Part B effective date, unlike the full seven months for newly eligible individuals.
Medicare Part C Enrollment (continued)
Medicare's Annual Enrollment Period (AEP) is a critical time for Medicare-eligible individuals to explore new Medicare plan options. From October 15 to December 7 each year, you have the opportunity to assess your eligibility, review plans and insurance providers, and select the best Medicare plan for your needs.
While this period ensures a chance to make informed decisions about your healthcare coverage, there are efficient approaches available. Simplify the process by utilizing tools that streamline eligibility determination, offer tailored Medicare plan recommendations, and facilitate enrollment without delay.
What does Medicare Part C cover?
We understand—there's a lot of information to digest. But kudos to you for sticking with it! Now, let's dive into the exciting stuff: what does Medicare Advantage actually cover?
First off, Medicare Part C coverage encompasses the fundamental services provided by the U.S. government through Medicare Parts A and B (Original Medicare). This typically includes hospital and medical insurance coverage, along with some additional benefits.
Depending on the specific plan you choose, Medicare Advantage may also offer coverage for prescription drugs. This feature is standard in all Medicare Advantage Prescription Drug (MAPD) plans, filling a gap not covered by Original Medicare. However, if you have alternative credible drug coverage, there are Medicare Advantage (MA Only) plans available without drug coverage. If standalone prescription drug coverage is what you're after, explore Medicare Part D plans for more information.
What does Medicare Part C not cover?
Once a Medicare Advantage plan meets the requirement of providing coverage equivalent to Original Medicare, the private insurance company can then decide which additional services to include.
Whether Medicare Part C covers prescription drugs depends on the specific plan you select. This detail is often overlooked, but if your plan doesn't include drug coverage, it's crucial to secure alternative prescription drug coverage. It's worth noting that if your Part C coverage is through an HMO or PPO plan, you won't have the option for a separate Medicare Part D prescription drug plan.
What to do when something isn’t covered
If a service you need isn't covered by your plan, you have the option to request prior authorization. Prior authorization (PA) requests are applicable only for pre-service requests. In other words, if the service isn't covered as outlined in your Summary of Benefits or Evidence of Coverage and you haven't received it yet, you can request prior authorization.
These requests are common, so if it's your first time encountering this option, there's no need to worry. Additionally, you have the right to file an appeal for a medical service, item, or prescription medication cost that your doctor deems necessary, or even for costs you've already incurred. You can also appeal to pay less than the initially billed amount.
Medicare Part D
Access essential medication support through a government-backed initiative.
What is Medicare Part D?
As we age, selecting the right healthcare coverage, including prescription medication insurance like Medicare Part D, becomes increasingly important. However, understanding and choosing the most suitable prescription drug plans can be challenging.
Our team aims to simplify this process for you by helping you navigate through the options available. This includes assessing whether Medicare Part D is necessary for you and, if so, identifying the prescription drug plan that aligns best with your needs.
Let's delve into a straightforward explanation of Medicare Part D. This prescription drug plan, endorsed by Medicare, is offered by private insurance carriers and complements your Medicare Part A and B coverage by providing coverage for outpatient prescription medications.
What is Medicare Part D? (continued)
You may not have come across Medicare Part D until recently, which isn't surprising given that these prescription drug plans have only been available since 2006, unlike Original Medicare, which has been around since the 1960s. Medicare Part D was introduced to address the gap in prescription drug coverage within the various Medicare programs.
It's essential to understand that Medicare Part D is entirely optional. However, the majority of Medicare beneficiaries choose to enroll in prescription drug coverage. If you have minimal or no prescription drug needs, you might question the value of enrolling in Part D, as you'd be paying premiums without immediate benefits. Nevertheless, Medicare prescription drug coverage acts as insurance, protecting you from significant prescription drug costs, both now and in the future. Given this, along with the potential for late enrollment penalties, opting for a Part D plan with the lowest premium and adequate coverage may be prudent.
Who is eligible for Medicare Part D?
Eligibility for Medicare Part D is straightforward. To qualify, you generally need to meet the following criteria:
- Enrolled in Medicare Part A and/or Part B
- Reside in an area where private insurance companies offer Medicare Part D plans
Original Medicare Eligibility
To qualify for Medicare Part D, you must first be enrolled in Original Medicare. Here's a brief overview of Medicare Part A and B eligibility:
If you're receiving Social Security benefits or benefits from the Railroad Retirement Board (RRB), you'll be automatically enrolled in both Medicare Parts A and B on the first day of your 65th birthday month. You'll receive your red, white, and blue Medicare card in the mail three months before your 65th birthday or during the 25th month of receiving disability benefits. However, if you're not yet receiving Social Security benefits, you'll need to actively enroll in Medicare.
How do I sign up for Medicare?
While Medicare provides coverage, you need to sign up for it through the Social Security Administration (SSA). The SSA manages certain eligibility requirements for Medicare, such as determining if you qualify for Premium-Free Part A based on your Medicare tax contributions. Signing up is straightforward; you can do it online via the Social Security website, which is the quickest and easiest method.
Alternatively, you can call 1-800-772-1213 to speak with Social Security representatives for assistance. If you or your spouse worked for a railroad, contact the Railroad Retirement Board at 1-877-772-5772.
You can apply for Medicare enrollment up to three months before turning 65, during your 65th birthday month, and up to three months after. Given the time-sensitive nature of initial eligibility and enrollment periods, it's essential to stay organized and avoid missing these windows. Consider setting reminders on your phone or marking your calendar to ensure timely enrollment.
Enrolling in a Prescription Drug Plan
Since Medicare Part D is entirely optional, it's prudent to consider enrolling in a Part D prescription drug plan even if you presently don't require any prescription medications. It's crucial to remember that if you have Medicare Part A or Part B and lack other creditable drug coverage (coverage equivalent to Medicare Part D), delaying enrollment can result in a Late Enrollment Penalty (LEP). This penalty means you'll have to pay higher drug expenses out of pocket if you don't enroll when initially eligible.
Medicare enrollment periods are typically rigid with limited exceptions. Therefore, if you postpone Part D enrollment and later find yourself needing drug coverage, you risk incurring an ongoing Late Enrollment Penalty. It's essential to understand these implications and enroll during your initial eligibility window to avoid penalties and ensure comprehensive coverage.
The Initial Enrollment Period (IEP)
The initial enrollment period (IEP) is the primary window for individuals interested in a Medicare plan to enroll. It extends for three months before and three months after your birth month. For instance, if your birthday falls on September 9th, your IEP commences on June 1st.
Those who become eligible for Medicare due to a disability are granted an IEP that begins three months before their Medicare Part A and/or B becomes effective, lasting for seven months. Additionally, individuals who are disabled and subsequently reach the age of 65 qualify for a second initial enrollment period (IEP2) that spans seven months.
Annual Enrollment Period (AEP)
The Annual Enrollment Period (AEP) or Medicare's Annual Enrollment Period is the designated time when all eligible individuals can make changes to their Medicare Part D plan or Medicare Advantage coverage for the following year. It's crucial to understand your eligibility and be ready for enrollment during this period. From October 15 to December 7, you have a singular opportunity to assess your Medicare eligibility, review plans and carriers, and select the ideal Medicare plan for your needs.
Fortunately, there's a more efficient approach. Let us handle everything during AEP. In just minutes, you can determine your eligibility, receive tailored Medicare plan recommendations, and enroll in your chosen plan. No need to spend months navigating the process—we streamline it for you.
Supplemental Insurance
Enhance your healthcare coverage with additional support beyond basic Medicare plans.
What is Medicare Supplement Insurance?
Approaching your 65th birthday or discovering eligibility for Medicare benefits can spark thoughts about Medicare plans. While the concept might seem daunting, navigating it can be simpler than anticipated.
Original Medicare comprises two main parts: Part A and Part B. Part A typically doesn't require a premium (if you qualify for Premium Free Part A) and covers hospital care, skilled nursing facility care, and hospice care. Part B handles medical care, preventive services, and some medical equipment, usually with a monthly premium.
Medicare Supplement plans, also known as Medigap plans, offer additional private insurance coverage approved by the State Department of Insurance. These plans assist by covering some healthcare costs that Original Medicare doesn't, such as copayments, coinsurance, and deductibles, effectively bridging the "gaps" in Original Medicare.
Medicare Supplement insurance, or Medigap, is provided by private insurance companies to supplement Original Medicare coverage. It helps cover expenses you'd otherwise pay out-of-pocket, like Medicare deductibles, coinsurance, and copayments. Premiums for the same coverage can vary significantly among insurers, so it's essential to compare different Medigap plan types and premiums. For instance, when evaluating Plan G from different companies, consider the premiums each insurer charges. You can seek guidance from your State Health Insurance Assistance Program (SHIP) or simplify the process by allowing analysis of your unique situation to determine the best-fit Medigap policy.
What is Medicare Supplement Insurance? (continued)
In Kentucky, you'll find the same 10 standardized Medigap policies offered to residents. These policies vary in terms of covered services, coinsurances, out-of-pocket maximums, and monthly premiums. Unlike Massachusetts, Minnesota, and Wisconsin, which have different standards, Kentucky adheres to the standardized policies.
Additionally, it's crucial to note that each policy is designed for individual coverage. If both you and your spouse require a Medicare Supplement Plan, you'll need to purchase separate plans.
Types of Medicare Supplement plans and what they cover?
Before you begin researching and comparing the different Medigap plan choices in Kentucky, remember not to get confused by the Medicare Alphabet. In Kentucky, Medigap policies are standardized and consistent. When considering which Medigap policy or combination of policies is best for you, focus on the items that could end up costing the most in the long run without proper coverage, like deductibles and coinsurance for lab tests, doctor visits, and hospital stays.
Types of Medicare Supplement plans and what they cover? (continued)
Most Medigap plans cover 100% of Part B coinsurance, with the exception of plans K and L, which cover a percentage of Part B coinsurance but cap your out-of-pocket expenses. Once you've met your Part B deductible and reached your out-of-pocket limit, the insurance carrier will cover all your covered services for the remainder of the calendar year. These out-of-pocket maximums may increase annually due to inflation.
However, it's important to note that Medigap doesn't include coverage for prescription drugs, dental care, vision services, or most other needs not covered by Original Medicare. These gaps in coverage can lead to unexpected bills and confusion.
To avoid being underinsured or caught off guard by bills, consider enrolling in Medigap coverage. In Kentucky, there are several options available to suit your needs and budget. It's crucial to understand the specifics of each plan before making a decision.
Who is eligible for Medigap coverage?
Once you're enrolled in Medicare Parts A and B, you qualify for Medigap coverage.
Original Medicare Eligibility
To be eligible for Medigap coverage, you must first enroll in Original Medicare Parts A and B. If you're already receiving Social Security benefits or Railroad Retirement Board benefits, you'll be automatically enrolled in both Medicare Parts A and B when you turn 65. However, if you're not yet receiving Social Security benefits, you'll need to sign up for Medicare independently.
How do I get in touch with Social Security?
To enroll in Medicare, you need to go through the Social Security Administration (SSA). They handle various aspects of Medicare eligibility, such as determining if you've paid enough Medicare taxes to qualify for Premium-Free Part A. You can easily sign up online through the Social Security website, which is the quickest and simplest method.
Alternatively, you can call Social Security at 1-800-772-1213 for assistance. If you or your spouse worked for a railroad, contact the Railroad Retirement Board at 1-877-772-5772.
How do I get in touch with Social Security? (continued)
You can apply for Medicare starting three months before your 65th birthday and up to three months after your birth month. The start date of your Medicare coverage depends on when you sign up. If you have a qualifying medical condition or a disability that prevents you from working, you may be eligible for Medicare Part A and Part B before turning 65.
But what if you miss your Initial Enrollment Period (IEP) and don't qualify for a Special Enrollment Period (SEP)? Don't fret. The General Enrollment Period, from January 1 to March 31 each year, still allows you to enroll in Medicare Part B, with coverage starting on July 1.
These enrollment periods are crucial, so it's essential not to miss them, as they can pass by quickly.
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