Age 65 is an important time for many. This is the time when many will become Medicare eligible. If you are turning 65 soon, you are next up to join the ranks of Medicare beneficiaries. There are a few things we feel is important to know.
1 – Find out if you need to enroll into Medicare Part A and B.
Some individuals are automatically enrolled into Medicare upon turning age 65 but some may have to apply with Social Security.
2 – Decide if you want Medicare Part B.
You may currently still have credible health insurance coverage through an employer after age 65 and may not need to enroll into Part B. If so you can decide to delay your Part B enrollment.
3 – Check your mail.
You may get important notices from Medicare or Social Security. You should also receive a “Medicare & You” handbook. It has information about Medicare coverage, as well as Medicare plans in your area
4 – Prepare for Medicare before you turn 65.
It’s a great idea to grow your medicare knowledge before you start Medicare so that you can have a better idea of what is covered under Medicare. Also to see what options you have with Original Medicare, Medicare Advantage, or Medicare Supplement as well as Prescription drug coverage.
5 – Decide if you want extra coverage through a Medicare Advantage or Supplement plan 3 months before Medicare coverage begins.
If you decide to enroll into a Medicare Supplement or Medicare Advantage Plan, you should review all of your available options and choose the plan that best suits your current needs. You can choose a plan 3 months before your Medicare coverage starts and 3 months after your coverage starts.
6 – Talk with a local Medicare representative.
If you have additional questions you can consult with a Medicare representative that can further assist you.
Information provided by Daniel Gomez, owner of Good Life Insurance, NC. He can be reached at 336-546-7956.