When should I apply for Medicare Part A and B?
Three months before the month you turn 65. Please note that if you are on group insurance, you may want to apply for Part A only. Please call Mick Insurance for further information about group insurance and Medicare.
Why should I enroll in Medicare Part A and B?
You must be enrolled in Medicare Part A and B in order to enroll in a Medicare Supplemental policy or a Medicare Advantage plan.
What happens if I choose to have just Medicare Part A and B?
If you do not enroll in a Medicare Supplemental or Advantage plan, you will be responsible for a hospital deductible (currently $1408 for 2020 – Deductible amount changes each year) if admitted to the hospital and 20% of all other medical costs. There is no limit to amount for which you will be responsible.
Do I need to enroll in a prescription plan?
If you do not enroll in a prescription (Rx) plan when initially eligible, you will be penalized by Medicare for every month you are not enrolled. Enrolling in a prescription plan is limited to the open enrollment dates of Oct. 15 – Dec. 7.