If you are 65 and receiving Social Security retirement benefits or Railroad Retirement benefits, you will be automatically enrolled in both Medicare Part A and Part B.
You do not need to contact anyone. You will receive a package in the mail three months before your 65th birthday with your new Medicare card and a letter explaining how Medicare works and that you have been automatically signed up for both Medicare Part A and Part B.
The letter will also explain that your monthly Part B premium will be automatically deducted from your Social Security check or railroad retirement check beginning the month your coverage begins. You will be given the option to turn down Part B.
Once you receive your Introduction to Medicare package, you have some decisions to make. That’s when we come in!
While Medicare covers most healthcare expenses, it doesn’t cover everything. Medicare beneficiaries are responsible for a number of copayments and deductibles, which can easily add up to thousands of dollars. If all you have is Original Medicare, you’ll need to pay these costs out-of-pocket.
Private insurance companies have a bit of flexibility in designing Medicare Advantage plans, so you’ll find many differences between MA plans. This means you need to be a bit more careful comparing options to make sure you don’t overlook anything.
Many of these plans also include your Part D prescription drug coverage as part of your coverage, which means that you will not need to buy an additional Part D insurance policy. There are also plans that offer extra vision, hearing, and dental coverage.
Still a little confused? Contact us today! Everyone has different needs and there are a ton of competitive options in the market. We’ll be happy to go over your Medicare options and help you decide which type of coverage best suits you and/or your family.
Spartan Insurance Group 