2936 S HARPER VALLEY WAY
Step 1: When approaching your 65th birthday, find out if you need to sign up for Medicare Part A and B, or if it will happen automatically.
Step 2: Decide if you want Part B benefits.
Step 3: Decide if you want coverage for the 20% that Medicare Part A and B does not cover.
Step 4: Decide if you want Medicare Part D, Prescription Drug Coverage.
Step 5: Seek the guidance of a Licensed Medicare Insurance Agent.
-Initial Enrollment Period (IEP)
7 month window starting 3 months before and ending 3 months after your 65th birthday month
-General Enrollment Period (GEP) Jan. 1st through Mar. 31st. Coverage begins the month after you sign up
-Special Enrollment Periods (SEP)
Lose group coverage
Change in residence
Gain, maintain or lose Medicaid or Extra Help
Enter, reside, or leave nursing facility
If you're already receiving Social Security Payments, you will be automatically enrolled in Medicare Parts A and B starting the month you turn 65. If you need to delay, you'll have to send your Medicare card back, declining Part B coverage.
If you aren't receiving Social Security, you will need to sign up for coverage, and can start the process 3 months prior to your 65th birthday during IEP.
Many people delay enrolling at age 65, because they are still working and covered under group insurance. However, if your employer has fewer than 20 employees and you continue working, you may be required to sign up for Medicare. Check with your benefits administrator to see what their requirements are for individuals that are eligible for Medicare, as this could help you avoid potential benefit disruptions.
You can enroll in Medicare Part A and B in person at the Social Security office, over the phone by calling Social Security 1-800-772-1213, or online through the Social Security Administration Website: https://www.ssa.gov/
Part A Hospital Insurance with only 80% Coverage of Medicare approved services.
Part B Medical Insurance (outpatient and doctor visits) with only 80% Coverage of Medicare approved services.
-Welcome to Medicare Physical (done within 12 months of Part B start date)
-Annual Wellness Visit
-Bone Mass Measurements
-Cardiovascular Disease Screenings
You must be enrolled in Medicare Part A and Part B (Medicare pays for it's share (80%) of covered costs first).
Medicare Supplement Plans help fill the "gaps" in Original Medicare, like co-payments, co-insurance and deductibles.
Some Medicare Supplement Policies cover medical care when you travel outside the United States.
You must also enroll in a Stand Alone Prescription Drug Plan
Part A Hospital Insurance with 100% coverage of Medicare approved services
Part B Medical Insurance (outpatient and doctor visits) with 100% coverage of Medicare approved services
Part D Prescription Drug Insurance
Original Medicare PLUS*
-Post Discharge Meals
-Over the Counter Supplies
What You Pay To Medicare, Calculated By Your Annual Income
Part B annual deductible:
In 2023, you pay $226 for your Part B deductible. After you meet your deductible for the year, you typically pay 20% of the Medicare-approved amount.
Late Enrollment Penalty:
In most cases, if you don't sign up for Part B when you are first eligible, you'll have to pay a late enrollment penalty.
Part D Deductibles, copayments, and coinsurance:
The amount you pay for Part D deductibles, copayments, and/or coinsurance varies by plan.
You may owe a late enrollment penalty if, for any continuous period of 63 days or more after your Initial Enrollment Period is over, you do not have creditable coverage.
By submitting this form, you agree that a licensed sales representative may contact you about Medicare Advantage, Prescription Drug, and Medicare Supplement Insurance plans