Five Things to Know Before You Enroll in Medicare

Enrolling in Medicare can be confusing. Here are five things to know to help you better prepare for the process:

  1. Enrollment is not always automatic when you turn 65.
    You’ll have to sign yourself up for Medicare on or around your 65th birthday, unless you’re receiving Social Security or Railroad Retirement Board benefits before you turn 65.
  2. Find out well before your 65th birthday when your Initial Enrollment Period (IEP) dates are and put them in your calendar.
    Around your 65th birthday (or 25th disability check), you’ll have a 7-month window of time when you can sign up for Medicare (your IEP). Your IEP includes your 65th birthday month, the 3 months before and the 3 months after.
  3. If you’re planning to work past the age of 65, you may be able to delay enrolling in Medicare.
    If you have credible health care from your employer, or are covered under a spouse’s health care plan, you may qualify for a Special Enrollment Period that will allow you to delay enrolling without penalty. There are exceptions – for example, if your company employs less than 20 people, you will need to enroll in Medicare during your IEP.
  4. There are several parts to Medicare coverage and many coverage choices to consider.
    Your personal situation (health and lifestyle needs, your employment status, health conditions, prescription drug use and if you need dental or vision coverage) will determine which parts of Medicare you should enroll in. 
  5. Hafetz and Associates will guide you through every step of Medicare Enrollment and determine your best coverage needs, at no additional cost to you.
    You need not navigate the many Medicare decisions and choices alone. A knowledgeable Hafetz Medicare Consultant can take you through the entire process and develop and coverage plan that fits your unique needs for FREE. If you’re nearing the age of 65, give us a call today. We’re here to help!

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Medicare Advantage (network-based plans) and Medicare Prescription Plans – Keeping Up With Annual Changes

Every year Medicare Advantage (network-based plans) and Medicare Prescription plans change.  Now they can change everything from the premium, to the network, and the copays.  Its so important to make sure that you are looking to see each calendar year what the best benefit for you will be.

Here at Hafetz and Associates we are able to help compare multiple plans to help you end up with coverage that is the best fit for your needs. Each year may bring new medications or a new diagnosis and its important to change your plan each year to help cover those changes.

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Medicare Supplements/Medigap Plan Changes Coming in 2020

There are some big changes coming up in January 2020 that will be affecting Medicare Supplements/Medigap plans.  With all the information going around here are the facts.

Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) is changing the coverage on the Part B deductible to ‘newly eligible’ Medicare beneficiaries on or after January 1, 2020.   Plans F, High Deductible F and C will be leaving the market for anyone getting Medicare Part A on or after January 1, 2020.  If you currently have these plans you can keep them and there will be no change to their benefits.  If you have Medicare Part A effective date prior to January 1, 2020 you will still have the option to switch into these plans if you wish, they will still be available for purchase.  But anyone that gets Medicare Part A on or after January1, 2020 will not have the option to enroll in these plans.

Reach out to Hafetz and Associates to answer all your questions about MACRA and what plans are available to you!

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