Medicare Participants Frequently Asked Questions
Assuming you just began to use Medicare, you might be confused about the options available. Here are some of the questions that many adults have about retirement and Medicare.
How can I sign up for Original Medicare?
If you or your spouse paid Medicare taxes during your working hours and received social security contributions, you will receive a Medicare card by mail three months before your 65th birthday and you will automatically be enrolled in Part A (i.e. Hospital Insurance) for your birthday’s account. If you do not obtain social security benefits because you are still working, there will be need for you to contact Social Security directly to register with Medicare within your first enrollment period (i.e. 3 months before your birthday and 3 months later). If you have not paid a health insurance fee while working, you will need to contact Social Security directly to purchase Part A.
If you are a Part A recipient automatically, you will automatically be enrolled in Medicare Part B, which is part of Medicare Health Insurance, on the first day of the month in which you turn 65. The cost of Part B is a standard amount for almost everybody. If you do not automatically register as a member and do not register in Part B, or if you apply for Part A because you or your spouse are still working ,you may do so during the general registration period (i.e. January 1 till March 31), insurance begins each year on July 1 or during the special registration period. The special registration period allows you to register in Part B, within eight months of termination of the employment relationship or employer, or at any time when group insurance is employer-based (depending on the event that occurs first). If you register as part of the general registration period, you may receive a late registration deadline if you did not register while you were eligible.
What can I buy as a substitute for Original Medicare?
Medicare supplement policies are standardized and therefore enjoy the same benefits, no matter which messaging service they are linked to. During your open enrollment period (i.e. the first six months that you are both 65 years old and you are enrolled in Medicare Part B), an insurance company cannot refuse the Medigap policies it sells and allow you to wait until beginning of the insurance, else you will be charged more due to a prerequisite. These diets vary, but include benefits such as the first three liters of blood when you are hospitalized, part B obsolete and co-insurance for the care of qualified nursing homes.
Medicare Advantage policies are private insurance policies underwritten by the government for Medicare (i.e. including hospital and medical supplies). They often include Part D insurance (prescription drugs) in addition to traditional benefits and usually require an additional premium. Some policies, such as PPO and HMO, restrict what services that can be used by their network providers. However, they can usually reduce health care costs. You can sign up for a 2019 Medicare supplement plan when you visit Medicare for the first time or around November 15 till 31st of December, or January 1st – March 31 of each year.