Most of us look at Medicare age 65 enrollment with confusion and trepidation. Your initial enrollment in Medicare might as well be like trying to learn a foreign language.
Medicare has PARTS labeled A, B, C and D. That seems simple enough but trust me, it isn’t.
And then there are Medicare supplement plans, also known as Medigap. If you have Medicare, why do you need a supplement?
To make matters worse, Medigap plans are labeled A, B, C, D, F, G, K, L, M, N and Hi F.
Yes, some letters are missing from the sequence, but don’t let that bother you.
What Is Medicare Age 65 Enrollment?
Most of us will be automatically enrolled in Medicare Part A when we turn 65.
If you are not working when you turn 65 you will also be enrolled in Medicare Part B. If you are working, or if you are covered under an employer group health plan through your employer or your spouse, you will not need to enroll in Part B or Part D. Your group plan will coordinate with Medicare to help pay your outpatient expenses and drug charges. Either Medicare or your group plan will be primary.
Don’t worry about which is which for now, but if you work for a large company (more than 20 employees) the group plan is primary and Medicare is secondary.
Do I Need a Medigap Plan?
On turning 65 your next decision is do you want to remain in original Medicare and enjoy the freedom of using any doctor or hospital in the United States, or do you want to leave Medicare and go into a private Medicare system run by insurance carriers?
For many, their Medicare age 65 enrollment will be accompanied by choosing a Medigap plan to help pay the bills that are approved by Medicare but not paid by Medicare. Examples are your hospital admission deductible, your daily hospital confinement copay, your outpatient deductible, outpatient coinsurance and provider excess charges.
Medicare supplement plan F is the most popular plan and the easiest to understand. Curious about premiums for Medigap plan F. Follow this link to view instant Medigap quotes.
Please note that many carriers do not illustrate their rates online but you can rest assured Georgia Medicare Plans has access to the LOWEST RATES IN GEORGIA.
Make sure your Medicare age 65 enrollment goes smoothly. Ask how we can help.