Frequently Asked Questions About Medicare Agents
If you started researching about Medicare, you may be confused about the options available. Here are some questions that many older people have when they approach retirement.
How do I request Original Medicare?
If either you or your partner made some payments for Medicare fees while working and receiving Social Security, you are going to get a Medicare card in the mail three months before your 25th birthday and will automatically enroll in Part A (hospital insurance) of your birthday. If you do not receive Social Security because you are still working, contact Social Security directly to apply for Medicare during the initial registration period (3 months before your birthday and three months later). If you didn’t make payment for Medicare taxes while working, you must contact Social Security directly to buy Part A.
If you become a Part A automatic subscriber, you will automatically be enrolled in Medicare Part B, the Medicare advantage plans component, at the same time on the 1st day of the month when you become 65. Part B costs a standard premium for almost everyone. If you are not an automatic subscriber and choose not to enroll in Part B when you enroll in Part A because you or your spouse are still working and in an employer’s plan, you can do so during the General registration period January through March 31 each year, coverage begins July 1 or the Special Enrollment Period. The Special Enrollment Period allows you to enroll in Part B at any time as long as you have group coverage based on the employer or during the eight month period after the end of employment or employer coverage (whichever comes first). If you apply using the General Request Period, you may be subject to a late application penalty for not registering when you first qualified.
What can I buy to supplement the original Medicare?
Medicare supplement plans are standardized and therefore have the same benefits, regardless of the company from which you buy them. During the open enrollment period (the first six months in which you are sixty-five years old and enrolled in Medicare Part B), an insurance company cannot deny you any Medigap policy you sell, which causes you to wait until coverage is applied or charge you a higher price due to a preexisting condition. These plans differ, but include some benefits such as the first 3 pints of blood when you are an inpatient, Part B surcharges and coinsurance for specialized care in a nursing facility. Medicare Advantage are private insurance plans contracted with the government to provide Medicare coverage (including medical and hospital needs).