Getting Started With Medicare At 65
The Medicare program provides health insurance to those over 65. But you can enroll in the Medicare program three months before you turn 65. Those with disabilities may qualify for Medicare sooner. Understanding your options will allow you to select the right one for you. The 4 medicare parts are explained below.
Medicare Parts Explained and Plan Options
Initially and at specific times of the year, you can choose the type of Medicare coverage you want. Original Medicare and Medicare Advantage are the two main options.
4 Medicare Parts Explained
There are two original parts to Medicare: Part A and Part B. Part A is basic health insurance that covers hospitalization, nursing care, and home health care. Medicare can be used by doctors and hospitals anywhere in the United States that accept the program. Medicare Part B provides preventative and medically necessary care. However, original Medicare by itself does not cover the whole spectrum of health services you may need. Additionally, you can enroll in a Medicare drug plan (Part D).
Part C (Medicare Advantage) offers benefits that Original Medicare does not – such as vision, hearing, and dental coverage. A Medicare Advantage plan is a Medicare-approved alternative to Original Medicare provided by a private company. These plans usually include Part A, Part B, and Part D.
Most likely, you will have to use a doctor in the plan’s network. Additionally, you will probably pay less out of pocket than with Original Medicare.
Those receiving social security benefits may not need to register. However, if you have not yet enrolled in social security, benefits may not be automatically available to you.
Since there are several parts to this public health insurance program, starting the process early can prevent gaps in your coverage. Also, you’ll want enough time to select a plan that fits your needs. Additionally, you must decide within a certain period of time.
You may sign up within these timeframes:
- Three months before turning 65
- In the month of your 65th birthday
- Within 3 months of turning 65
Learn About Your Medicare Options
We are here to simplify the process of planning for retirement for our members. We are experienced in explaining Medicare and analyzing suitable options for members. If you have questions, we can answer them and provide you with the information you need.