Enrolling in Medicare Part A
If you have elected to receive Social Security or Railroad Retirement Disability benefits you will automatically be enrolled in Medicare Part A benefits at 65. If you have not elected to receive Social Security then in order to enroll in Medicare Part A you will need to file an application.
To speak with an advisor about enrolling in Medicare Part A call toll free 1-877-202-9248 24 hours a day, 7 days a week.
Enrolling in Medicare Part B
When you become eligible for Medicare benefits you should be automatically enrolled in Medicare Part B. It is important to understand that Medicare Part B is optional; it may be declined. Medicare Part B requires a premium to be paid on a monthly basis if you choose to participate. You may have to apply if:
Open enrollment for Medicare Part B begins 3 months before the month in which you turn 65 and continues for 3 months after. After this time period you will pay late enrollment penalties. In special cases you are able to decline Medicare Part B coverage within your allotted enrollment period but will be required to pay a 10% penalty per 12 month period that you were allowed to enroll that you choose not to. This penalty will be enforced as long as you continue to have Medicare Part B coverage unless you are covered under a group health plan in which you can enroll without the penalty up to 8 months after your coverage ends.
To speak with an advisor about enrolling in Medicare Part B call toll free 1-877-202-9248 24 hours a day, 7 days a week.
Enrollment into the Medicare Advantage Program
As a general rule Medicare recipients can either enroll or un-enroll in the Medicare Advantage Program once a year during the Medicare coordinated enrollment period, November 15th through December 31st.
Unlike Medicare Part A and Medicare Part B which participants enroll directly with Medicare, Medicare Advantage Plan participants enroll through individual companies. There are a number of things to consider when enrolling in a Medicare Advantage Plan including:
To speak with an advisor about enrolling in Medicare Advantage call toll free 1-877-202-9248 24 hours a day, 7 days a week.
Medicare Supplemental Insurance Enrollment: Medicare Plan A through Medicare Plan L (Medigap)
In order to be eligible to enroll in a Medicare Supplemental Insurance Plan (Medigap) you must be enrolled in Medicare Part A and Medicare Part B.
The best time to enroll in a Medicare Supplemental Insurance Plan is during the 6 month enrollment period that begins on the first day of the first month that you have:
It is during this period of time that private insurers are forced to waive exclusions for pre-existing conditions. They must accept all eligible Medicare participants without making you wait for your coverage to begin. After this period of time private insurance companies can:
It is crucial for participants to make an informed decision regarding their Medicare Supplemental Insurance Plan and enroll within the open enrollment period. To speak with an advisor about enrolling in Medicare Supplemental Insurance call toll free 1-877-202-9248 24 hours a day, 7 days a week.
Prescription Drug Coverage Enrollment
Enrollment in Medicare Prescription Drug Coverage is voluntary unlike Medicare Part A and Medicare Part B. Participants must enroll in an individual plan and not through the government. In order to be eligible to enroll in Prescription Drug Coverage through Medicare Part D Plan you must be enrolled in Medicare Part A and Medicare Part B.
Each year during open enrollment, November 15th through December 31st, you can enroll in Medicare’s Prescription Drug Coverage. If you are leaving another creditable drug coverage plan you can enroll in Medicare Supplemental Insurance Plan D within 63 days from the date that you left the old plan without paying a penalty.
Enrollment in Plan D generally covers an entire calendar year. In certain cases, such as entering a nursing home, you may be allowed to switch your plan. To speak with an advisor about enrolling in Prescription Drug Coverage call toll free 1-877-202-9248 24 hours a day, 7 days a week.
Medicare participants that do not enroll in Medicare Part D when they are first eligible to do so are required to pay a penalty for every year they have not participated. This is equivalent to 1% of the national average Medicare Part D Plan premium times the number of month’s enrollment was delayed. Participants who enroll after the initial period or who do not maintain continuous coverage will also have to pay a similar penalty.