If you are over 65 and are eligible for Medicare, you will want to enroll in Original Medicare Part A and Part B. While Original Medicare can be limited in certain aspects, it is the best option for seniors who are not needing a Medicare Advantage plan. However, if you need better benefits, it is best to go with a Medicare Advantage plan.
When Is The Best Time To Enroll In Original Medicare?
Your best time to enroll is when you enter your Initial Enrollment Period, which begins three months before you turn 65. Enrolling during this time ensures you get coverage as soon as possible and avoid any gaps in coverage. If you wait too long, you may be subject to penalties.
The penalty for Part A can be paid off, but the penalty is permanent for Part B.
What If I Have Missed the Initial Enrollment Period?
Suppose you have missed the initial enrollment period for signing up for Original Medicare. In that case, you should sign up as soon as possible, which will be during the General Enrollment Period from January 1st to March 31st each year. You’ll still be subjected to late enrollment penalties during this period, though, so you want to make sure you enroll as soon as you’re eligible.
What Original Medicare Covers
Part A covers inpatient hospital stays, home health care, hospice care, and skilled nursing facility care. Part B covers other medical services not covered by Part A, such as physician’s services, outpatient hospital care, medically necessary services, preventive services, and more.
Get the Right Medicare Plan For You!
Original Medicare is a good choice for people who need just a simple, basic health plan. Many seniors, however, will need more coverage, and would do better with adding on a Medicare Advantage or Medigap plan.
With all the rules and regulations, getting the right Medicare plan for you can be confusing and difficult. Life is too short not to have an agent who keeps in touch, knows what they are doing, and gets you what you need. Call the Medicare With Jake team and get the plan you deserve today!
