I Am Collecting Social Security

Because you are receiving social security before the age of 65 you should be receiving your Medicare Card and information within the three months prior to your 65th birthday month. You will want to log into the Social Security Website or contact Social Security at (800) 772-1213 to assure your personal information, such as your address, is up to date so there is no delay in receiving your card. Once your card is received you are ready to take your next step and select a Medicare health plan.

– What are my options for Medicare health plans?
– How much will Medicare cost me?
– What does Medicare cover?

What are my options for Medicare Health Plans?

Adding additional coverage to Original Medicare (Parts A and B) helps to provide Prescription Drug Coverage and lessen or eliminate your out-of-pocket responsibility with Medicare. Traditionally you have 2 options for types of coverage you can choose from: Medicare Advantage Health Plans or Medicare Supplement Plans also referred to as Medigap Plans with a Part D Prescription Drug Plan.

Click on images below to download PDF file.

Medicare-Plan-Options-Worksheet

Medigap-Benefits-Chart

For How much will Medicare cost me?

Medicare is NOT FREE. Medicare does have a cost for Part A and Part B. Traditionally consumers receive Part A for $0 as long as they have worked 10 years, 40 quarters, paying into their Medicare Taxes. Part B is the part of Medicare everyone pays for. The amount someone pays for Part B depends upon income on their tax returns from 2 years prior.

Part-B-&-D-Cost-Breakdown

For What does Medicare cover?

-Medicare, Original Medicare Parts A and B, helps consumers cover some of their costs revolving around Hospital and Medical. Part A, commonly referred to as Hospital Coverage, generally helps consumers with costs pertaining to In-patient Hospitalization, Skilled Nursing Facility Care, Home Health Care, and Hospice. Part B, commonly referred to as Medical Coverage, generally helps consumers with their Medical Costs. Things such as doctor office visits, lab work, imaging, therapy, urgent care, and durable medical equipment are all items covered with Part B. Medicare DOES NOT COVER Part D, Prescription Drug Plans. Medicare also does not provide coverage for Long Term Care / Custodial Care. (This item will show an image of or link the PDF for a Medicare Part A and B Cost Chart, which I have not sent to you yet and am still working on)

Resources for You

– Medicare and you guide: https://www.medicare.gov/Pubs/pdf/10050-Medicare-and-You.pdf
– Choosing a Medigap policy (2020): https://www.medicare.gov/Pubs/pdf/02110-medicare-medigap-guide.pdf
–  Online Application Link for Medicare (Medicare Only): https://secure.ssa.gov/iClaim/rib
–  Understanding the Medicare Premium Bill: https://www.medicare.gov/sites/default/files/2018-07/11659-understanding-cms-500.pdf

Because you are receiving social security before the age of 65 you should be receiving your Medicare Card and information within the three months prior to your 65th birthday month. You will want to log into the Social Security Website or contact Social Security at (800) 772-1213 to assure your personal information, such as your address, is up to date so there is no delay in receiving your card. Once your card is received you are ready to take your next step and select a Medicare health plan.

– What are my options for
Medicare health plans?

– How much will Medicare cost me?
– What does Medicare cover?

What are my options for Medicare Health Plans?

Adding additional coverage to Original Medicare (Parts A and B) helps to provide Prescription Drug Coverage and lessen or eliminate your out-of-pocket responsibility with Medicare. Traditionally you have 2 options for types of coverage you can choose from: Medicare Advantage Health Plans or Medicare Supplement Plans also referred to as Medigap Plans with a Part D Prescription Drug Plan.

Click on images below to download PDF file.

Medicare-Plan-Options-Worksheet

Medigap-Benefits-Chart

For How much will Medicare cost me?

Medicare is NOT FREE. Medicare does have a cost for Part A and Part B. Traditionally consumers receive Part A for $0 as long as they have worked 10 years, 40 quarters, paying into their Medicare Taxes. Part B is the part of Medicare everyone pays for. The amount someone pays for Part B depends upon income on their tax returns from 2 years prior.

Part-B-&-D-Cost-Breakdown

For What does Medicare cover?

Medicare, Original Medicare Parts A and B, helps consumers cover some of their costs revolving around Hospital and Medical. Part A, commonly referred to as Hospital Coverage, generally helps consumers with costs pertaining to In-patient Hospitalization, Skilled Nursing Facility Care, Home Health Care, and Hospice. Part B, commonly referred to as Medical Coverage, generally helps consumers with their Medical Costs. Things such as doctor office visits, lab work, imaging, therapy, urgent care, and durable medical equipment are all items covered with Part B. Medicare DOES NOT COVER Part D, Prescription Drug Plans. Medicare also does not provide coverage for Long Term Care / Custodial Care. (This item will show an image of or link the PDF for a Medicare Part A and B Cost Chart, which I have not sent to you yet and am still working on)

Resources for You

Medicare and you guide: https://www.medicare.gov/Pubs/pdf/10050-Medicare-and-You.pdf
Choosing a Medigap policy (2020): https://www.medicare.gov/Pubs/pdf/02110-medicare-medigap-guide.pdf
Online Application Link for Medicare (Medicare Only): https://secure.ssa.gov/iClaim/rib
Understanding the Medicare Premium Bill: https://www.medicare.gov/sites/default/files/2018-07/11659-understanding-cms-500.pdf

Medicare Insurance Simplified

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