medicareenrollment

Who can enroll in Medicare and when. Don't miss your window!

For the most part, everyone’s heard about Medicare, right? The problem is that many people don’t understand exactly what it is or how it works, which is crazy because everyone who turns 65 signs up for it. You would think that because it’s a government program, for virtually everyone, they would make it clear and easy to understand, but hey, we’re talking about the government here, so it comes as no surprise that it’s about as clear as mud.

This year, in 2021, the Medicare enrollment period is from October 15th through December 7th, so we’re in the thick of things at this point in time. If you’re facing this decision, we want you to be prepared. In this episode, we are going to go through the nuts and bolts of Medicare, including:

• The history of Medicare
• How you qualify for Medicare
• An in-depth breakdown of Parts A, B, C, and D
• What Medigap coverage is
• Why you DON’T want to miss your enrollment period

And more!

Choosing Medicare coverage is a big decision. One that can have many pitfalls where you may miss out on getting the correct type of coverage for your needs. Our goal is to help you get on the right path from the very beginning. So, we encourage you to grab a copy of the “Know Your Possibilities Guide,” listen in, and share this episode with anyone approaching 65.

Medicare part B is part of Original Medicare and covers your outpatient and physician services Insurance. It is important to understand the differences between Medicare Part A and Medicare Part B, including the coverage, premiums, and deductibles for Medicare Part B.

The Medicare Open Enrollment period is a period once a year when Medicare enrollees can make changes to their current Medicare coverage. This time period effects some, but not everyone enrolled in Medicare. This episode reviews when the Medicare Annual Election Period is, and what changes you can make to your Medicare coverage, including Medicare Supplement plans, Medicare Advantage plans, and Medicare Part D plan.

Medicare has four important parts when you begin your enrollment. It is important to understand the difference between Medicare Part A, Medicare Part B, Medicare Part C, and Medicare Part D. Medicare Part A and Medicare Part B benefits are the same across the board, but under Medicare Part C, things change based on whether you choose Original Medicare with a Medicare Supplement plan, or a Medicare advantage plan.

It is important to understand not only when to apply for medicare enrollment, but also know what your Medicare coverage entails.

There are three different Medicare open enrollment periods to begin your Medicare, called your Initial Enrollment Period (IEP), Special Enrollment Period (SEP), and the General Enrollment Period (GEP). When you apply for Medicare determines which Medicare enrollment period you fall into. It is important to understand the different enrollment periods, because it determines when your Medicare Part B will begin. 

The is also an Medicare enrollment period called the Annual Election Period, also known as Medicare Open Enrollment, where you can make changes to your current Medicare coverage.