When Should you Apply for Medicare?

Understanding the basics and more in-depth information of Medicare when approaching retirement age is extremely important. There are four basic parts of Medicare: A, B, C, and D. Medicare Part A is hospital coverage. Medicare Part B is medical coverage. Medicare Part C is Medicare Advantage. Medicare Part D is prescription drug coverage. There is also Medicare supplement insurance, also known as, Medi-gap. This helps pay some of the out-of-pocket costs that are not covered by Parts A and B. These out-of-pocket costs include things like deductibles, co-pays, and co-insurance. Supplement insurance, unlike other Medicare components is not a government benefit. These plans are offered by private insurance companies and is an optional benefit to you.

 

Advice and Answers from Medicare Advisor of LA

Choosing Medicare Parts A, B, C, or D can be quite difficult. Understanding all the terms and conditions are just as confusing, but have no worries this is what we’re here for. Medicare Advisor of Louisiana is here to help you with any questions or concerns you may have at any time you may have them. We supply resources for medicare enrollment qualifications, cost and coverage options, components of Medicare parts A & B, choosing the best plan for your situation now and future health needs, claims and appeals, and optional supplemental benefits.

Understanding When to Apply for Medicare

No matter if you’re new to Medicare, about to turn 65, or preparing to retire there are several decisions that are to be made about health coverage. Waiting to enroll may mean having to pay a penalty and may cause a gap in coverage. Using these quick and easy steps will help you to make better decisions when deciding when to apply for medicare.

Step 1: Understand the parts of Medicare

  • Hospital Coverage
  • Medical Coverage
  • Medicare Advantage
  • Prescription Drug Coverage

Step 2: Figure out When you can get Medicare

Understanding that there are certain times when people can enroll in Medicare is important. Depending on your situation, you may get Medicare automatically, or you may need to apply. The first time you are allowed to enroll is called an Initial Enrollment Period.

Initial Enrollment Period

  • Beginning 3 months before you turn 65
  • Includes the month you turn 65
  • Ends 3 months after you turn 65

Step 3: Deciding if you want Part A or B

Step 4: Choose your coverage

Step 5: Sign up for Medicare

You may automatically get Part A & B, you’ll need to find this out. If you don’t get Medicare automatically, you’ll nee to apply for Medicare online: Click here.

 

Contact our Office for all of your Medicare needs

 If you have any questions or concerns regarding when you should apply for Medicare or if you even need to, please contact either our Baton Rouge or New Orleans office. One of our Medicare experts will be able to give you a peace of mind by helping to determine what the right Medicare coverage is for your personal needs. We hope to speak with you soon to help with any lingering questions or concerns you may have about Medicare.