My Medicare and supplement insurance began on May 1, 2017. Medicare begins on the first day of the month of your 65th birthday. My birthday is May 14, Mother's Day. What a gift I'm receiving! Even though it's a reminder of the aging process, I'm truly grateful to have this benefit.
Before you can receive Medicare, you must sign up during the 7 month period which is 3 months before your 65th birthday, the month of your 65th birthday, or 3 months after your 65th birthday.
There is an exception. If you started receiving social security prior to your 65th birthday, you are automatically enrolled.
For my readers who are nearing this age and those already receiving benefits, there's much to learn about original Medicare, Advantage Programs and Supplement Insurances.
Let's begin with original Medicare. Because I'm a retired teacher, I was offered, by the state of Maine, a supplement insurance at a discounted rate. Therefore, I decided to go with the original Medicare, Part A and Part B. I don't need Part D (Drug Coverage) because my supplement covers it. If you're employer has a supplement plan, you may want to stick with original Medicare. To learn more check here. The Medicare webpage will explain it all. I'm just giving you an overview.
Medicare Advantage Plans are offered by private companies that have a contract with Medicare. Most of these plans cover prescriptions. You can research online for these plans, but most likely, you will receive information in the mail. A popular Advantage Plan is offered through United Health Care. You can learn more here.
Supplement plans are available through a number of providers. If you have Medicare, the supplement plan is your secondary plan. Before choosing one of these plans, contact your doctors to find out, if they accept these plans. You will receive many offers in the mail.
I'll be talking more about Medicare and other insurances in later posts, but this should get you started, for those who are nearing that magical age.
Enjoy the day, and I hope it's sunny.
The outfit at the top of the page is my patriotic outfit I will discuss in another post :)