65 is the New 55! What You Need to Know About Medicare

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By Susan Fujimoto, Authorized Agent

Turning 65 is the new 55, but, transitioning to Medicare can be quite daunting.  Don’t worry, we can help you seamlessly transition to Medicare!

The first step in transitioning to Medicare is enrolling in Medicare Part A & B. You can start enrollment as early as 3 months before the month of your birthday which in your case would be August.

Here are the different ways to enroll in Medicare:

  1. Online at www.ssa.gov/benefits/medicare (recommended)
  2. By calling Social Security at (800) 772-1213
  3. In-person at your local Social Security office

All Medicare recipients pay a Part B premium which is determined during enrollment. To learn more about Part B cost, click here.

Medicare covers about 80% of expenses and Medicare Supplement plans are meant to fill the “gap” in Medicare. With Medicare Supplement plans, you can go to any doctor/hospital that accepts Medicare. We recommend the Blue Shield Plan G Extra which has all the same rich benefits of Plan G plus vision, hearing, virtual doctor consultations, and over-the-counter item allowance. Optional dental coverage can also be added on for an additional premium. See enclosed brochure for more details.

In addition to a Medicare Supplement plan, you will also need a Prescription Drug Plan to cover your medications. We can assist you in finding a Part D drug plan that will give you the lowest out of pocket cost.

Once you receive your Medicare ID number/effective dates, then we can assist you in finding a Medicare Supplement and Part D drug plan. . Since you will be new to Medicare, you have a guaranteed acceptance and do not need to complete the Statement of Health or answer health history qustions.

The second path is by way of Medicare Advantage plans.  Medicare Advantage plans are primarily HMO plans that include Medicare Part A and Part B and includes prescription drugs, and extras that Medicare doesn’t cover such as vision, hearing and dental.

The main difference between a Medicare Supplement plan and a Medicare Advantage plan is with a Medicare Supplement, you have freedom of choice to use any doctor/hospital that accepts Medicare and a Medicare Advantage plan has nominal or no premium.

Please contact us to review and assist you with your Medicare needs!

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