Are you nearing age 65 and need Medicare explained to you better than those commercials on TV? You’re not alone in that. Every day, tens of thousands of people turn 65 and most of what they know about Medicare are the piles of junk mail they get in the months leading up to their 65th birthday.
So, let’s talk about the steps to take as you transition to Medicare.
Transitioning Into Medicare
You absolutely need to know that if you wait to enroll, you may have a lifetime penalty to pay and may experience a gap in coverage. There are only certain times when people can enroll in Medicare. Some people will get Medicare automatically, while others need to apply.
If you get your health coverage through your employer, you cannot assume that simply maintaining your work coverage will protect you from a lifetime penalty. Not all work coverage is credible!
The first time you can enroll is called the initial enrollment period and it lasts seven months. The initial enrollment period typically begins three months before the month you turn 65 and ends three months after the month you turn 65. If you are already receiving Social Security benefits, you will be auto-enrolled into Medicare. If not, you have to enroll yourself.
Finding the Right Coverage
It’s important to know which parts of Original Medicare that you will be auto-enrolled into. Those Parts are Medicare Part A and Medicare Part B.
If you need dental, vision, hearing, long-term care, critical illness, or other important coverage. you’ll have to enroll yourself into those.. Here’s what you should do:
Confirm your Medicare eligibility
Determine if you need additional coverage beyond Medicare Parts A and B
Apply for Original Medicare at your Social Security office or their website
Begin shopping for your additional coverages
The best thing to do is to have a licensed Medicare broker, like Colorado Springs Medicare Insurance Agency , help you list out the things you need and so that you can find the best balance of price and coverage.
We’re a trusted name in Medicare Transition Consultation
Colorado Springs Medicare Insurance Agency has helped Medicare beneficiaries all over the United States pick and keep the best Medicare Supplement (Medigap), Prescription Drug Plan, and/or Medicare Advantage Plan. We make the transition to Medicare seamless and stress-free.
Give us a call or submit a request for a free consultation today!