There’s a lot to do when you’re turning 65, but switching to Medicare doesn’t have to be so taxing. Broker Source helps you be proactive, so your birthday is about celebrating you, not dealing with Medicare enrollment. Here’s everything you need to know, and do, to be prepared for Medicare enrollment.
Generally, Medicare enrollment begins three months before you turn 65 and ends three months after your birthday. While this guideline is not applicable for everyone, late enrollments could incur a Part B late enrollment fee, so it’s important to learn which deadlines apply to you. Your enrollment period could vary, depending on your eligibility, age and type of Medicare coverage. With all these moving parts, Broker Source has enrollment specialists available to clarify your specific deadlines in one quick call to make sure you never miss a beat.
Learn the parts and pieces
There are five types of Medicare: Medicare Part A, Medicare Part B, Original Medicare, Medicare Part C and Medicare Part D. It’s important to understand what each plan type offers so you can make the best decision for your needs.
Medicare Part A is considered hospital insurance and covers services such as inpatient hospital stays, hospice care and home health care.
Medicare Part B is your medical insurance, covering preventive and medically necessary services.
Original Medicare includes both Part A and Part B coverage.
Medicare Part C is also known as Medicare Advantage. To be eligible for Medicare Advantage, you must be enrolled in Original Medicare and you must continue to pay your Part B premium. Medicare Advantage can help you save on out-of-pocket-costs and often offers more benefits, such as dental and vision.
Medicare Part D is your prescription drug coverage, which is a beneficial, but ultimately optional plan. If you delay enrollment in a Part D plan or don’t have other creditable prescription drug coverage you could incur a penalty later.
Consider your options
To complicate things further, there are several combinations of these five plans that could make up your coverage. In addition to the benefits each plan offers, we understand that cost can play a large role in plan decisions, which is why we have our quick-quote tool to help you gain a full understanding of your options. The options don’t have to be overwhelming. In fact, our quoting tool sends you comparison quotes to help determine the costs and benefits of each plan or plan combination you’re interested in. We also have licensed enrollment specialists available to talk you through each quote.
When you do decide to enroll, you can call us at 913.333.3380. Our licensed specialists will get everything taken care of in just one phone call. They will help you confirm your plan, understand your costs and benefits, and complete the application.
We can help eliminate the stress of Medicare enrollment, so you can make your 65th birthday a time to celebrate! Call us today to start discovering your Medicare enrollment options.