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Medicare Supplement Guaranteed Issue by MedicareFAQ Medicare Supplement Guaranteed Issue :iconmedicarefaq:MedicareFAQ 0 0 2017-02-28 1248 by MedicareFAQ 2017-02-28 1248 :iconmedicarefaq:MedicareFAQ 1 0

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Medicare Supplemental Plans FAQs
pinboard.in/u:MedicareFAQ Medicare help on supplement options pinboard.in/u:MedicareFAQ
When Can I Receive Medicare Part A and B Benefits
  • You can qualify for Medicare based on age or due to long-term disability. The age to qualify for Medicare is 65. People who receive Social Security disability benefits or certain disability benefits from RRB for 24 months will automatically get Part A and Part B.
Do I have to sign up for Medicare Part A and B
  • If you’re already receiving Social Security or RRB benefits, you’ll automatically receive Medicare Part A and Part B starting the first day of the month you turn 65. A Medicare card will be mailed to you three months before your 65th birthday.
Individuals who are eligible due to disability are automatically enrolled the 25th month of disability and will also receive a card in the mail.

If you don’t fall into either of the above categories, you’ll need to sign up.

If I’m not automatically enrolled, how can I sign up

People who need to sign up for Medicare can choose from several methods:
You must apply during your initial enrollment period (IEP), which starts three months before you turn 65 and ends three months after, or you may face a Part B late enrollment penalty.

What if I don’t want Part B

If you were automatically enrolled, the Medicare card you were sent will come with instructions for declining part B. If you signed up through Social Security, then you’ll need to contact Social Security to remove Part B.

What does Medicare Part A benefits cover

Part A is the hospital insurance portion of Medicare. It primarily covers care received as an inpatient in a hospital or skilled nursing facility. It also can be used for hospice, and in some cases, home health services. 

What does Medicare Part B benefits cover

Part B covers services and supplies used to diagnose or treat your medical condition. That includes things like outpatient doctor visits, ambulance services, and durable medical equipment such as blood sugar monitors, crutches, and hospital beds. It also covers preventive services such as flu shots and bone density screening.

Do I have to get both Part A and Part B

No, you can opt for Part A only. If you’re eligible for free Part A, you must have it in order to get Part B. People who aren’t eligible for free Part A can buy just Part B.

Do I need both Part A and Part B

It depends on whether Medicare will be your primary insurance or a secondary insurance. Most people choose to take Part A in any case, because it is free. If you have other coverage that is primary, for example through an employer, you don’t need Part B.

What is a Part B Special Enrollment Period (SEP)

Special enrollment periods are times outside of the standard enrollment period when you can start or change your Medicare Part B coverage without penalty. Examples include:
  • leaving or gaining employer-based coverage
  • losing Medicaid eligibility
  • moving into or out of a skilled nursing facility or long-term care hospital
How much does Medicare Part A cost

Most people qualify to receive Part A for free. To qualify, you must have worked enough to earn 40 quarters of work credits. You can earn up to 4 quarters of credit per year, so if you or your spouse worked at least 10 years and paid Medicare taxes you meet the requirement and have no premium for part A. If you haven’t worked enough to have 40 quarters of work credit, you will have to pay a monthly premium.

How much does Medicare Part B cost 

The cost of Medicare Part B has a monthly premium. The amount varies depending on your yearly income. People with higher incomes pay more.

How do I pay my Part B premium

If you receive Social Security benefits or RRB benefits, your Part B premium will be automatically deducted from your benefit payment. If you don’t receive these benefits, you’ll get a bill in the mail. You can pay it with a check or credit card. You also have the option of signing up for Medicare Easy Pay, which will deduct the premium from your checking or savings account each month.

Can I add Part B later

You can, but if you delay enrolling in Part B but decide you want it later, you’ll most likely have to pay an enrollment penalty. You’ll have to pay the penalty for as long as you have Part B. 

Can I drop Part B if I don’t want it anymore

Yes. To cancel Part B you must complete a form (CMS-1763). You can do this over the phone by calling the Social Security Administration or during a personal interview at your closest Social Security office.

Does having only Medicare Part A benefits meet the Affordable Care Act’s requirement for minimum coverage

If you have Medicare Part A only or Medicare Part A and B you meet the Affordable Care Act requirement to have health insurance. 

Will Medicare Part B cover diabetes supplies

Part B includes coverage for durable medical equipment (DME). Glucose monitors and test strips are considered DME.

How do I know whether I have Part A or Part B

Look in the lower left corner of the Medicare card you received in the mail. If you have Part A, Hospital (Part A) will be printed there. If you have Part B, it will say Medical (Part B). 

Is there Optional Supplement Insurance to Compliment my Medicare

Yes, there is Medicare Supplement plans, also known as Medigap. There are 10 plan options available to you and they're all standardized. This means that regardless of what carrier you go with, the benefits will be the same per plan. 
MedicareFAQ Google Plus Profile Page
plus.google.com/u/0/+Medicaref… Our mission is simple to help every Medicare eligible ages 64+ to learn about there options with Medicare and all supplemental plans that go along with it. We help find the correct plans for your specific needs and give you rates from the nations leading providers in the Medicare market place. plus.google.com/u/0/+Medicaref…
When Can I Receive Medicare Part A and B Benefits
  • You can qualify for Medicare based on age or due to long-term disability. The age to qualify for Medicare is 65. People who receive Social Security disability benefits or certain disability benefits from RRB for 24 months will automatically get Part A and Part B.
Do I have to sign up for Medicare Part A and B
  • If you’re already receiving Social Security or RRB benefits, you’ll automatically receive Medicare Part A and Part B starting the first day of the month you turn 65. A Medicare card will be mailed to you three months before your 65th birthday.
Individuals who are eligible due to disability are automatically enrolled the 25th month of disability and will also receive a card in the mail.

If you don’t fall into either of the above categories, you’ll need to sign up.

If I’m not automatically enrolled, how can I sign up

People who need to sign up for Medicare can choose from several methods:
You must apply during your initial enrollment period (IEP), which starts three months before you turn 65 and ends three months after, or you may face a Part B late enrollment penalty.

What if I don’t want Part B

If you were automatically enrolled, the Medicare card you were sent will come with instructions for declining part B. If you signed up through Social Security, then you’ll need to contact Social Security to remove Part B.

What does Medicare Part A benefits cover

Part A is the hospital insurance portion of Medicare. It primarily covers care received as an inpatient in a hospital or skilled nursing facility. It also can be used for hospice, and in some cases, home health services. 

What does Medicare Part B benefits cover

Part B covers services and supplies used to diagnose or treat your medical condition. That includes things like outpatient doctor visits, ambulance services, and durable medical equipment such as blood sugar monitors, crutches, and hospital beds. It also covers preventive services such as flu shots and bone density screening.

Do I have to get both Part A and Part B

No, you can opt for Part A only. If you’re eligible for free Part A, you must have it in order to get Part B. People who aren’t eligible for free Part A can buy just Part B.

Do I need both Part A and Part B

It depends on whether Medicare will be your primary insurance or a secondary insurance. Most people choose to take Part A in any case, because it is free. If you have other coverage that is primary, for example through an employer, you don’t need Part B.

What is a Part B Special Enrollment Period (SEP)

Special enrollment periods are times outside of the standard enrollment period when you can start or change your Medicare Part B coverage without penalty. Examples include:
  • leaving or gaining employer-based coverage
  • losing Medicaid eligibility
  • moving into or out of a skilled nursing facility or long-term care hospital
How much does Medicare Part A cost

Most people qualify to receive Part A for free. To qualify, you must have worked enough to earn 40 quarters of work credits. You can earn up to 4 quarters of credit per year, so if you or your spouse worked at least 10 years and paid Medicare taxes you meet the requirement and have no premium for part A. If you haven’t worked enough to have 40 quarters of work credit, you will have to pay a monthly premium.

How much does Medicare Part B cost 

The cost of Medicare Part B has a monthly premium. The amount varies depending on your yearly income. People with higher incomes pay more.

How do I pay my Part B premium

If you receive Social Security benefits or RRB benefits, your Part B premium will be automatically deducted from your benefit payment. If you don’t receive these benefits, you’ll get a bill in the mail. You can pay it with a check or credit card. You also have the option of signing up for Medicare Easy Pay, which will deduct the premium from your checking or savings account each month.

Can I add Part B later

You can, but if you delay enrolling in Part B but decide you want it later, you’ll most likely have to pay an enrollment penalty. You’ll have to pay the penalty for as long as you have Part B. 

Can I drop Part B if I don’t want it anymore

Yes. To cancel Part B you must complete a form (CMS-1763). You can do this over the phone by calling the Social Security Administration or during a personal interview at your closest Social Security office.

Does having only Medicare Part A benefits meet the Affordable Care Act’s requirement for minimum coverage

If you have Medicare Part A only or Medicare Part A and B you meet the Affordable Care Act requirement to have health insurance. 

Will Medicare Part B cover diabetes supplies

Part B includes coverage for durable medical equipment (DME). Glucose monitors and test strips are considered DME.

How do I know whether I have Part A or Part B

Look in the lower left corner of the Medicare card you received in the mail. If you have Part A, Hospital (Part A) will be printed there. If you have Part B, it will say Medical (Part B). 

Is there Optional Supplement Insurance to Compliment my Medicare

Yes, there is Medicare Supplement plans, also known as Medigap. There are 10 plan options available to you and they're all standardized. This means that regardless of what carrier you go with, the benefits will be the same per plan. 

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Jagger Esch
United States
Jagger Esch serves as the accomplished President and CEO of Elite Insurance Partners LLC (EIP). EIP is ranked in the top 10 Medicare Supplement brokerage firms nationwide. Jagger and Elite Insurance Partners hold licenses in 48 states and work with more than 15 of the most recognized Supplemental Medicare insurance companies nationwide. With a vast knowledge in technology, insurance and customer satisfaction, Jagger and David have created a team of business professionals who are quickly dominating the industry.
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