Medicare is a federally funded health insurance program that provides coverage for individuals who are 65 or older and those with specific disabilities. If you are approaching the age of 65, it is essential to consider how Medicare will impact your life. Below is an overview of the checklist items you need to consider as a future Medicare beneficiary.
Determine If You Are Eligible for Medicare
Six months before the month that you turn 65
If you plan on enrolling in Original Medicare (parts A and B) with a Medicare Supplement, you can enroll in your Medicare Supplement at this time. The advantage to this is that you will lock in your premium and not be subject to any rate increases for 18 months.
Three months before the month that you turn 65
If you are not automatically enrolled in Medicare parts A and B, NOW is the time to do it. There are four ways to do this:
- visit your local Social Security office and enroll
call Social Security at 1-800-772-1213 and enroll by phone
enroll online at www.ssa.gov/medicare/
Call Delta Medicare Benefits Group to do the heavy lifting for you – set up a free enrollment consultation at 901-460-7220.
If you are planning on enrolling in a Medicare Advantage Plan instead of Original Medicare, you may do so at this time. Medicare Advantage is another way to receive Medicare coverage. However, there are pros and cons to consider when deciding between Original Medicare and Medicare Advantage.
If you have decided on Original Medicare, now is the time to enroll in your Medicare Part D (prescription drug coverage). There are three ways to do this:
- Go to www.medicare.gov/find-a-plan/, fill in the information, and enroll online.
- Call Medicare directly at 1-800-633-4227 and enroll on the phone.
- Schedule a free consultation with our Medicare Advisors at Delta Medicare Benefits Group where we will walk you through a needs assessment to determine the best options for you based on your specific situation and enroll you.
If you need assistance deciding which Medicare plans are right for you, our team of Medicare consultants can research available supplement plans to present you with the best benefits for the lowest possible price, tailored to your needs. Set up your free consultation at 901-460-7330, or send us an email at firstname.lastname@example.org.
Choose a Medicare Plan
Medicare consists of four parts: Part A covers hospitalization; Part B covers medical care; Part C (this is another name for Medicare Advantage) is an optional private insurance plan covering everything from A and B; and Part D covers prescription drugs.
Start Using Your Medicare Benefits
Once you have enrolled in a Medicare plan, you can start using your benefits. If you have Original Medicare, you will need to find a doctor who accepts Medicare patients. If you have a Medicare Advantage or Part D plan, you will need to use the network of providers associated with your plan.
One of the best things you can do to stay healthy is to stay active. Regular physical activity can help you maintain your health and independence. Depending on which plan you decide to go with, it may come with free gym memberships and access to other wellness programs.
Make a Plan for Your Future
It is essential to start thinking about your long-term care needs as you approach retirement. Long-term care includes services and support that can help you live as you age.
Stay Informed About Medicare
Medicare can be complex, and many changes happen each year. It is essential to stay up-to-date on Medicare's latest news and information. You can sign up for email or text alerts from Medicare or speak with our team for a consultation. Medicare plans and rules can change yearly, so staying informed about your coverage is essential.
Review Your Medicare Costs
Make sure you understand the costs associated with your Medicare coverage, including premiums, deductibles, and copayments. Compare Medicare plans to find the one that best meets your needs. There are a variety of Medicare plans available, and it can be challenging to determine which one is right for you.
Enrolling in Medicare doesn't have to be complicated or overwhelming. By understanding your eligibility, deciding which parts of Medicare you need, and comparison shopping for the best plan, you can ensure that you get the coverage you need at a price you can afford.
For a more detailed explanation feel free to download our book “Medicare for Beginners.”
For additional information or further Medicare consultancy services, contact Delta Medicare Benefits Group today at 901-460-7220 or fill out our convenient and secure online contact form, and we will reach out to you.
Critical Illness Insurance
With over 1,500,000 heart attacks and strokes occurring every year, it is crucial to have a plan in place in case it happens to you.
This checklist will give you all the information you need for a smooth transition on to the Medicare program.
Understanding and enrolling in Medicare can be confusing and intimidating unless you have an expert on your side.