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Turning 65? For most people, turning 65 means you're eligible for Original Medicare Part A and Part B. If this is the case for you -- Congratulations! At this time, you may also choose to enroll in a Medicare Advantage plan. These plans are available from private insurance companies and must offer the same benefits as Part A and Part B, but may add more coverage such as vision, dental, or prescription drug benefits. Or you could add a stand-alone Medicare prescription drug plan to your Original Medicare to receive prescription drug coverage. Medicare Supplement insurance (called Medigap) is also available to add to your Medicare Coverage and help cover the "gaps" in Original Medicare. Enrollment Period First time Medicare beneficiaries have what is called an Initial Enrollment Period. This period starts three months prior to your 65th birthday, includes your birth month, and extends three months after your birth month (total of 7 months). If you or your spouse are still working when you turn 65 and you have health insurance through this employer, you might consider delaying enrollment in Part B. You may not wish to pay the Part B premium if you don't need the coverage. You can contact your current employer's benefits department to see if that coverage is sufficient and find out how it might work with Medicare Part B before making a decision. |
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Optimum Benefits Inc., Gilbert, Arizona 480-274-9264