Do I Have To Sign Up For Medicare At 65?
You are eligible to enroll in Part A and Part B when you turn 65. If you are still working, you should enroll in Part B when your employer or your spouse's employer takes out the premiums for your Social Security. You will need to enroll in Part A when you turn 65 and are not working. If you are already receiving Social Security, you should enroll in Part A when you turn 65, if you are not already enrolled in the program. If you are already receiving Social Security and are working at a job that is not covered by your employer or your spouse's employer, you can continue to receive Social Security but not Medicare until you are no longer working or have stopped working for at least 12 months. You should enroll in Part B when your employer or your spouse's employer takes out the premiums for your Social Security.
How does the Affordable Care Act impact my Medicare?
The Affordable Care Act (ACA) improved Medicare by closing the prescription drug donut hole, extending the life of the Medicare Trust Fund, and, beginning in 2011, lowering the annual cost of living increases in Part B and Part D.
The ACA also created a new program to help people with Medicare pay their prescription drug costs. The new plan, called the Medicare Savings Program, will provide assistance to Medicare beneficiaries who have limited incomes and resources.
Am I eligible for Medi-Gap insurance?
A Medi-Gap policy is a type of supplemental insurance plan that covers some or all of the Medicare deductibles and co-payments not paid by Medicare Parts A and B. If you have a Medi-Gap policy, you could face high out-of-pocket costs if you need services that are not covered by your supplemental policy, such as emergency care or prescription drugs. Many Medi-Gap policies have an annual or lifetime limit on how much they will cover. These plans may also limit or exclude coverage for services that Medicare covers, such as care in a skilled nursing facility or home health care.
If you are considering a Medi-Gap policy, verify that the policy includes coverage for the services you need. Also, ask your insurance agent or company whether your Medi-Gap policy has a deductible and, if so, how much it is. If you have a Medi-Gap plan, you should also know that it will not work in conjunction with Medicare.
How does Medicare work in connection with other insurance?
If you have another form of health insurance (such as coverage for job-related accidents, disabilities or illnesses, a policy through a former employer, a private policy, Medicaid, or TRICARE), check with your insurance company to find out if the company will reimburse you for the cost of your Medicare Part B premiums.
If you do not have any other forms of insurance, you can still get help with your Medicare Part B premiums from the government or from some non-profit organizations, such as AARP, United Way, or your state health insurance assistance program.
It's important to find out if your other insurance plan will cover your Medicare Part B premiums if you choose to enroll in Medicare.
How do I find out about state prescription drug assistance programs?
Your state department of health or pharmacy board may have information on programs that provide assistance with the cost of prescription medications. Your state department of human services may also have information on such programs.
What resources are available to help me pay for Medicare prescription drug coverage?
Your state or the federal government may have programs that can help you pay for Medicare Part D. To help you pay for your Medicare Part B premiums, Social Security offers the "Extra Help" program. You can also get help with Medicare premiums and other medical costs from the organization you belong to, such as the American Legion, a trade union, or a church or synagogue.
How do I apply for help with my Medicare Part B premiums?
To get help with your Medicare Part B premiums, you must apply each year. To apply for help with Medicare premiums, you will need to complete an application form and return it to Social Security.
You can apply for help with your Medicare Part B premiums when you receive your Medicare card in the mail during the fall of each year. If you need to apply for help with your Medicare Part B premiums at any other time during the year, you can call Social Security to request an application. You may also apply at your local Social Security office.
If I have Social Security, do I have to pay for Medicare?
If you are enrolled in Social Security, you do not have to pay for Medicare Part B.
If you have Medicare and you are no longer working and are not receiving Social Security, you must pay a monthly premium for Medicare Part B. If you are receiving Social Security and are working, your employer pays the Medicare Part B premium for you.
How do I pay for Medicare Part D?
If you are on Medicare and need prescription drug coverage, you may choose either a standalone prescription drug plan, or an MA-PD plan. You can apply for either plan at any time throughout the year. If you choose to enroll in a stand-alone prescription drug plan, you will most likely have to pay the full premium for the plan. If you choose to enroll in an MA-PD plan, you may be able to get help with your premiums.
If you are eligible for the Extra Help program, you can get extra help with paying your prescription drug premiums. You can also get help with your Medicare Part D costs if you qualify for Medicaid.
If you are on Medicare and need prescription drug coverage, you may choose either a standalone prescription drug plan, or an MA-PD plan. You can apply for either plan at any time throughout the year. If you choose to enroll in a stand-alone prescription drug plan, you will most likely have to pay the full premium for the plan. If you choose to enroll in an MA-PD