To simplify the process of signing up for Medicare easier, we at Medicare Geek have put up a guide. As you prepare to enroll, here are three easy steps to get you started.
Know Your Enrollment Period
You can enroll in Medicare during an enrolment period. In this case, there are a few options available for you.
Initial Enrollment Period
Those approaching or who have already reached 65 are approaching their initial enrolment period (IEP). Three months before and three months after you get 65, you are eligible for an Individualized Education Program (IEP).
The IEP would begin on September 1 and finish on March 31 if, for example, your birthday falls in December. As a result, if you were born in July, your IEP would run from April 1 to October 31. During these seven months, you can sign up for Medicare for the first time.
Annual Enrollment Period
From October 15 to December 7, Medicare’s Annual Enrollment Period (AEP) takes place. As soon as you become eligible for Medicare, you can adjust your coverage throughout the AEP period. First-time Medicare enrollees will get coverage starting on Jan. 1, 2022. A missed opportunity might mean waiting an additional year for Medicare coverage if you don’t act quickly.
Special Enrollment Period
As a result of changes in your circumstances, you may be eligible for the Special Enrollment Period (SEP). Please get in touch with our experts if you have any queries regarding your case.
Constantly Check The Status of Your Social Security
If you’re already collecting Social Security benefits before you turn 65, you don’t have to do anything to enroll in Medicare. Social Security will automatically register your Medicare Parts A and B. In addition, Social Security benefits can be withdrawn in advance of when Medicare coverage begins if you haven’t started yet.
Delaying your Social Security benefits is also an option. Nevertheless, Original Medicare is not the only option. Part A and Part B may not be enough to cover your health care requirements. If you require additional coverage, our medicare agents can assist you.
Compare Your Plan Options
Is Original Medicare enough for you? If this is the case, you have three alternatives. Therefore, we have prepared three options for you:
Prescription Drug Plans
Prescription medications are not covered by Original Medicare or Medicare Supplement coverage. Adding a Prescription Drug plan to your Medicare coverage will help you avoid paying for your prescriptions out of pocket in the future.
Medicare Supplements (Medigap)
These plans, as their name indicates, “fill in the gaps” of Original Medicare. Original Medicare and Medicare Supplement plan both cover the same range of services. As a result, your out-of-pocket expenditures while visiting a doctor or hospital can be reduced.
Medicare Advantage (Part C)
When it comes to coverage for extra treatments not covered by Medigap or Original Medicare, Medicare Advantage plans (also known as Part C) are a great option. The lifestyle benefits of Medicare Advantage are also well-known.
Ready to Sign up for Medicare?
As in 2022, these plans will include food gift cards, gym memberships, and transportation. There is no such thing as a “best” Medicare plan. We think that the ideal plan works for your requirements and budget. Therefore our local medicare agents will help you find it. Assist you in your quest for the perfect fit.
We’re here to help, whether you’re doing your work in advance or you’re ready to enroll in Medicare immediately. As always, we’re here to help. So to get started, arrange a call with us.
