5 Tips to Help You Get the Most From Medicare
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When it comes to your health and signing up for a Medicare plan, do your homework. This is important because everyone has different needs, which means they will need their plan to do different things for them. You might simply want the Original Medicare or think about getting Original Medicare with Part D coverage. Your friends might require coverage and benefits a Medicare Advantage plan can offer.
If you’re not sure what you should get, read on for some of our best tips.
Early Sign Up
If you already get Social Security benefits, you’ll be signed up automatically for Part A and Part B on your 65th birthday. But Medicare also allows you to sign up three months before and after your birth month. Enroll early and ensure you are covered from the first day you are eligible instead of paying a hefty fine.
Annual Coverage Review
It’s always worth investigating your plan options to make sure you’re getting the best deal. Understand the full cost of your plan, including your deductible, the premium, copays, and coinsurance.
The Most Extensive Network
Under Original Medicare, you can go to any doctor who accepts Medicare. But the Medicare Advantage plan will only allow you to go to doctors and hospitals in your network. That’s why it’s crucial to find out if your primary care physician, specialists, etc. are listed before you get the plan.
What’s Not Covered
Original Medicare doesn’t cover dental, vision, or hearing. However, you can find Medicare Advantage plans that help you include things like prescriptions and check-ups you might need, only by doing your research in the beginning and comparing your out-of-pocket expenses with each plan.
Enrollment Deadlines
Sometimes your employer’s or spouse’s employer’s health insurance covers your health insurance even at age 65. You can delay your Medicare enrollment in these cases, but remember to sign up within eight months of losing that coverage or pay a huge penalty fee. Besides, you now have to wait until the next enrollment period for your coverage.
Keeping these simple tips in mind will help you get the right kind of coverage to safeguard your needs in the long run.
