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It is wise to start learning about Medicare even if you aren't planning on retiring at 65.
Medicare has guidelines and timeframes that are subject to change and if you don't enroll when you are first eligible, there could be late enrollment penalties.
A good rule of thumb is to contact us or Medicare 4-6 months prior to turning 65, even if you or a spouse are still working.
You may also be new to Medicare due to being deemed disabled through Social Security. Typically, there is a 24 month waiting period before you qualify for Medicare Part B.
If you are collecting Social Security when you turn 65, you will automatically be enrolled in Medicare Parts A & B.
If you are not collecting Social Security when you turn 65, you will not automatically be enrolled, so if you want to be enrolled in Medicare, you will have to contact Social Security approximately three months before you turn 65.
If you are still working when you turn 65 and you are covered by a group health insurance plan that insures more than 20 people, you should be able to delay enrolling in Medicare without a penalty.
If you are still working when you turn 65 and you are covered by a group health insurance plan that insures less than 20 people, you may want to enroll in Medicare to avoid being subject to penalties if you delay.
Everyone's situation is different, so we make sure to get you in contact with the correct departments to avoid penalties and maximize your benefits.
Once you are enrolled in Medicare, you will have coverage for Parts A & B, referred to as Original Medicare.
Original Medicare has two parts:
✘ Routine eye exams
✘ Routine hearing exams and hearing aids
✘ Most dental care
✘ Routine podiatry
✘ Prescription drugs
✘ Long-term care
Premium - Most people do not pay a monthly premium for it because they or their spouse paid into it while they worked at least 10 years throughout their lifetime.
Services - There are deductibles and copays for Medicare Part A services.
Premium - There is a standard monthly premium, but some people may pay more or less, depending on their income.
Services - There is an annual deductible, then there is a 20% coinsurance for all covered services after the deductible has been met.
Original Medicare was not intended to cover everything. It has premiums, deductibles, co-insurance costs, and no out-of-pocket maximum. It does not cover routine vision, hearing, dental, or prescription drugs.
Most people want additional coverage.
The following parts are available through private insurance companies:
These plans may have premiums, copays and/or co-insurance, and deductibles.
Medicare Part C plans have a maximum out-of-pocket limit and may cover additional benefits and services that Original Medicare does not cover.
Medicare Part D plans are required to offer at least two drugs that treat every Medicare-covered condition.
Medicare Supplement plans may pay some or all of the Original Medicare covered deductibles, copays, and coinsurance.
We offer all three plan types and are contracted with almost all of the major carriers, so we can work with you to find a plan that fits your needs.
Contact us today to learn more about Medicare Advantage and Medicare Supplement plans in Oregon and Washington. When it comes to Medicare, you have choices, and SeniorChoices NW is here to help.