![]() ![]() Read on for an overview of Medicare plans and an invitation to learn more at a free class. Still have questions? You can always speak directly to an insurance company or broker, and you can find answers at your local Area Agency on Aging or at .įor more information, visit * Medicare is also available to people under the age of 65 with certain qualifying situations and health conditions however, this article is strictly for those age 65 and older.There’s a lot to learn about Medicare, starting with the different parts (plans): ABC and D. You can sign up through the Social Security Administration at ssa.gov. This will ensure your benefits begin on your birthday. A plan that has a zero or low monthly premium and higher out-of-pocket costs (like office visit copays and deductibles) may end up costing you more over time than a plan that has a slightly higher monthly premium but lower out-of-pocket costs.īe sure to enroll in Medicare Parts A and B three months before your 65th birthday. A word of caution: carefully consider the bottom line. Doing this gives you a broad view as to what each plan offers and the cost. ![]() Next, make a column for each plan you are considering, and answer the questions from the first column. What other benefits do I want/need? Be specific and list everything-like hearing aids, certain dental services, and eyeglasses to name a few.In the first column, write down the things that you want from your policy and the questions you want answered. Here is a suggestion to help you cut through the noise and make an informed decision. Other things that could be included are over-the-counter allowances, transportation services, healthy meal deliveries, companionship programs, discounted gym memberships, weight management programs, chiropractic services or acupuncture. Things like dental care, routine eye exams and eyeglasses, and routine hearing tests are not included in Parts A and B, but are available through a Medicare Advantage plan. Original Medicare (Parts A and B) covers a lot, but not everything. Okay, you know the different parts and the different options, now how do you choose? Start by knowing what is included. You cannot have a Medicare Supplement policy if you have Medicare Advantage. Medigap, or Medicare Supplement-This is extra coverage to take care of services that Original Medicare does not cover-i.e., the remaining 20 percent.Prescription coverage is offered separately for those who have Parts A and B, but it’s typically included with Part C. Depending on the type of plan, you may have an annual deductible to meet before coverage begins, and then you may have copayments or coinsurance amounts due each time you have a prescription filled at an in-network pharmacy. Part D benefits, and the premium, could be included in a Part C plan, but not always. ![]()
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