Learn more about MEDICARE
Frequently Asked Questions (FAQ)
What is the Initial Enrollment Period?
The Initial Enrollment Period (IEP) happens once, typically when you become Medicare eligible at age 64 and 9 months.
When can I enroll in Medicare?
You are eligible for Medicare on your 65th birthday, but your Initial Enrollment Period (IEP) begins sooner. You can enroll in Medicare anytime three months before your birthday month and three months after it, providing a seven-month IEP window.
Do I have to enroll in Medicare when I turn 65?
You don’t have to enroll in Medicare if you already have a creditable health care plan, but once you’re Medicare eligible, it’s a good idea to compare your current health insurance policy against a Medicare health plan. Sometimes the costs are lower, and coverage is the same or better than your employer’s coverage. It doesn’t matter if you are still working or haven’t yet received your Social Security income check.
What is Medicare Advantage?
Medicare Advantage is commonly known as Part C. It is a type of Medicare insurance that combines Part A and Part B into a plan that not only covers the out-of-pocket expenses, but may provide additional coverage such as vision, dental, wellness programs, acupuncture, chiropractors and much more.
Are prescription drugs covered in Original Medicare?
With a few exceptions, most prescriptions aren’t covered in Original Medicare. However, the government has contracted with private insurance companies that can offer you this coverage at an additional cost. If you are entitled to Medicare Part A and/or enrolled in Part B, you can purchase Part D as a standalone program to cover prescription drugs.
How much does Medicare cost?
The price of Medicare depends on the health plan option you choose. Medicare is not free, and you will pay a premium, which is often deducted from your Social Security check, for Part B along with an annual deductible and a percentage, usually 20%, of the total bill. Purchasing supplemental insurance can help contain costs associated with deductibles, co-payments and prescription drugs.
What is the Open Enrollment Period and when does it start?
The Open Enrollment Period (OEP) starts October 15th. During OEP you can change your health coverage and your health coverage provider. If a person is satisfied with their plan, they don’t need to do anything. It’s always a good idea to compare the latest plan options, as most plans have changes year to year.
Starting in April 2018, Medicare will mail new Medicare cards to all current beneficiaries to help protect against identity fraud. Medicare will automatically mail your new card at no cost to the address you have on file with Social Security. There’s nothing you need to do! If you need to update your official mailing address, visit ssa.gov online and my Social Security account.
Can’t find the answer you’re looking for? Talk to a licensed insurance agent today 1-855-745-5422
Why is speaking with a licensed insurance agent that specializes in Medicare plan options necessary? We provide expert guidance on available Medicare plan options, such as Medigap, Medicare Advantage, and Prescription Drug Plans(PDP) as well as plan features; physician networks, formularies (prescription drugs), and cost analysis for the following: premiums, copays, deductibles, and potential for extra help (not all qualify). Throughout the enrollment process and post-enrollment, you will have a personal contact to assist with questions, claims, or concerns, should any arise.
Call us today 1-855-745-5422 or use the form to the right to have a KHP licensed agent contact you, please include preferred time and method.