Medicare

Welcome to Medicare! If you are new to Medicare, take a few moments and read these few paragraphs so that you may know what to expect.

To be eligible for Medicare, you have to either have worked for at least 40 quarters and paid taxes in this country; or you may purchase it, and Social Security can tell you what the cost would be. You may enroll at the local Security office, or if you are already collecting Social Security, you will be automatically enrolled. This window of opportunity to do this begins 3 months before your birthday month, and ends 3 month after your birthday month. It is important to note here that if you miss the window of opportunity to enroll in part B, that you could possibly be charged a 10% penalty for every 12 months that you could have part B but didn’t. The next time that you will have the opportunity to enroll in part B will be during the General Election which runs from January to March and your effective date will be July 1 of the year you enroll.

There are two parts to Original Medicare. They are as follows:

  • Part A, which covers about 80% of your in-patient hospital costs
  • Part B, which covers about 80% of your out-patient Physician costs

You may be eligible for Medicare if you are 65 years old, or under 65 and have been collecting Disability for 24 months. Or at any age if you have end stage renal disease.
This 7 month window of opportunity is also the opportunity to enroll in your PDP program or a Medicare Advantage Plan. In order to have an effective date of the first day of your birthday month, you will need to contact me at least two weeks prior to that date. Call me at 707-324-9994