Medicare is the federal health insurance program for people who are 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease (ESRD). Although Medicare has a lot of moving parts Medicare Parts A and B are the formation of Original Medicare.
Medicare Part A (Hospital Insurance)
Part A includes basic functions of insurance such as inpatient hospital stays, care in a skilled nursing facility, hospice care, and some home health care. Keep in mind Part A may require a monthly premium for those who haven’t paid into social security for at least 10 years.
Medicare Part B (Medical Insurance)
Part B helps to cover medically necessary doctor’s expenses, outpatient care, and preventative services like seasonal flu shots and other vaccines. Part B does come with a monthly premium that can be deducted from a social security check every month.
Am I eligible?
Before you can enroll into a Medicare plan you must first make sure you’re eligible.
Most people are automatically eligible if they are 65 years or older and either themselves or a spouse has worked for the past 10 years while paying into social security. You may also be eligible if you’re already getting benefits from social security or the Railroad Retirement Board. People are also eligible under 65 if they have ESRD or other certain disabilities.
When Can I enroll?
Initial Enrollment period. If you are turning 65 and have received your Medicare Card you have 7 months to choose a Medicare Advantage Plan. Your Initial Enrollment Period will begin 3 months before the month of your 65th birthday, the month of your birthday, and 3 months after your 65th birthday.
Open Enrollment Period (OEP)
Every year from October 15th- December 7th you can renew, review, and enroll into a plan of your choosing.
Each year, changes in Medicare Plans occur. At Unified we explain those changes to you and how they could possibly affect you. Not having that clear understanding of your benefits could cost you, which is why we want to help you understand your Medicare benefits. Our goal is to help you live a healthier and higher quality of life by choosing the right plan.
Unified Insurance Services and its agents specialize in all Medicare related products. These include but are not limited to:
- Medicare Advantage Plans (Part C)
- Prescription Drug Plans (Part D)
- Medicare Supplements (Medi-gap Policies)