If you’re approaching 65, now is the best time to begin the process of applying for Medicare. Financial gurus strongly suggest that you familiarize yourself with the program to reap the many benefits of Medicare.
You can also get some quick and valuable info by visiting your local Social Security office or get in touch via phone. Procrastination is not going to help you in any way. The sooner you get in touch, the more time you have to get to know about the benefits and requirements.
You can also start educating yourself about the program a couple of months before you turn 65. This way you won’t have any confusion for selecting the best Medicare plan or set of plans, depending on your situation.
Here are 5 tips to help you out:
1. Research well
Review each type of Medicare plan to get a clear understanding of all plans. These include:
- Plan A (which covers medical facilities)
- Plan B (for taking care of medical providers)
- Plan C (Medicare Advantage plans that replicate private insurance plans and serve as a substitute to a Plan A or Plan B package)
- Plan D (prescription drug plans for supplementing coverage gaps
2. Get Familiar with the Terminology
You also need to familiarize yourself with the most common terminology. The official Medicare site is the best place to start collecting relevant information. However, don’t limit yourself to this resource only. There is plenty of valuable information available on the internet to let you become aware of all the terms that are commonly used in Medicare plans.
3. Seek Assistance
It doesn’t hurt to find someone for helping you with your homework. Ask a trusted friend or family member who has already dealt with health insurance and Medicare plans. Such an individual is going to give you the best advice for getting through the program’s maze of coded terms and complex regulations.
4. Call Social Security
Before signing up for Medicare, it is crucial to get in touch with your local Social Security office and ask how the rules would affect you. Don’t hesitate to ask all the questions you may have in your mind to get all your doubts erased.
5. Don’t get stressed
Applying for Medicare benefits and coverage is not as scary as some people put it. There is a rational and logical system for protecting your rights and health which may initially appear as a confusing procedure. When you take out the time to do your homework, you get to more about how each of these plans work and what do you need to do for reaping the most benefits.
The enrollment period typically starts three months before you turn 65 and ends three months after. Hence, you need to know about all the plans for calculating the associated monthly costs at least four months before you turn 65. Make sure you also collect updated facts and figures about deductibles and copays to opt for the best plan.
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This website and its contents are for informational purposes only. Nothing on the website should ever be used as a substitute for professional medical advice. You should always consult with your medical provider regarding diagnosis or treatment for a health condition, including decisions about the correct medication for your condition, as well as prior to undertaking any specific exercise or dietary routine.
Florida Health Agency is a licensed health insurance agency certified to sell Medicare products. We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options.
Medicare has neither reviewed nor endorsed this information.
We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options.
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