New to Medicare
So you decide to go on to Medicare, what’s next?
You will need to reach out to Social Security to enroll in Medicare Part A and/or Part B (Original Medicare). If you are already receiving your Social Security benefits, you should get your Medicare card in the mail three months before your 65th birthday. If you did not receive it, call the Social Security office at 800-772-1213. If you have already turned 65 and opted to wait until retirement to enroll in your Medicare Part B coverage. You will need to reach out to Social Security at SSA.Gov
What is Medicare Part A?
Medicare Part A, Hospital Insurance, helps cover:
- Inpatient Care in Hospitals
- Skilled Nursing Facility Care*
- Hospice Care
- Home Health Care
*Skilled nursing care and therapy services provided on a daily basis, in a skilled nursing facility. Examples of skilled nursing facility care include physical therapy or intravenous injections that can only be given by a registered nurse or doctor.
What is Medicare Part B?
Medicare Part B, Medical Insurance, helps cover:
- Services from doctors and other health care providers
- Outpatient Care
- Home Health Care
- Durable Medical Equipment (like wheelchairs, walkers, hospital beds, and other equipment)
- Many Preventive Services (like screenings, shots, or vaccines, and yearly “Wellness” visits)
When you are New to Medicare, it can get overwhelming. Many are surprised to learn Medicare only covers 80% of your Part B expenses while you are expected to cover the other 20% out-of-pocket. If a serious illness were to come about, having to worry about the 20% you need to pay can be unexpected, confusing, and scary.
You should work with a licensed insurance agent to pick a Medicare Supplement Plan (Medigap) and Prescription Drug Plan (Part D) or Medicare Advantage Plan (Part C). If enrolling in a Medicare Advantage Plan, ask your agent if you need a stand-alone Prescription Drug Plan (Part D).
During your Initial Enrollment Period, you are guaranteed the right to purchase a Medicare Supplement Plan. Your health status will not affect your purchase during this seven-month period.
Medicare is a complex program.
Use this checklist to help you stay on top of enrollment and make the process easier.
