How to Apply for Medicare
Health insurance is an important part of securing one’s finances against the costs of medical procedures and other factors involved with medical attention. Luckily, individuals have plenty of options to choose from when shopping around for health insurance. The cost of health insurance is on the rise, which is why many people are applying for Medicaid and Medicare. However, there are certain eligibility requirements that individuals must meet in order to be approved for these health insurance options. Applying for Medicare online is simple, but individuals need to be retired, disabled, and meet other guidelines like age as well.
People who are already receiving Social Security benefits will automatically be enrolled with Medicare. However, only certain parts of Medicare will the individual be automatically enrolled in, like Medicare Parts A and B. The part B coverage requires the individual to pay a premium for the coverage, while part A does not. If the individual wishes to apply for other Medicare coverage options, but they need to first identify what they need and what Medicare plans will cover those needs. Medicare has parts A, B, C, and D, which all cover different medical needs. For example, part D covers prescription drugs.
Before applying for Medicare, the individual must first figure out if they need certain parts of Medicare like part D. If the individual is taking prescription medication, they will choose Medicare Part D. The prescription drug plan covers individuals through insurance companies and private insurance companies. These plans are often referred to as PDPs. Other health insurance plans like HMO’s and PPO’s offer prescription drug coverage under Medicare as well. Those who choose coverage for prescription drugs may need to pay a premium for a late enrollment fee. Most individuals that are applying for Medicare will want the Part A plan.
Medicare Part A plan is for hospital coverage, like inpatient care and outpatient care. The plan covers the costs of nurses and home health care as well. To be eligible for the Part A plan, the individual must be 65 or older and be a U.S citizen. In order to qualify for Medicare Part A under age 65, the individual must be disabled. The Medicare Part B plan covers expenses that are accrued by the doctor. Medicare Part C coverage is used to private companies that are approved by the Medicare program and offer health insurance.
There are plenty of different options involved with Medicare that the individual has to choose from. In order to know how to apply for Medicare, people need to understand how each one of these plans works. Not everyone will need certain Medicare plans, and people should only choose the plans that they will use. People who are wondering how to apply for Medicare should visit the Medicare site provided by the government. Information about how to manage health, what Medicare plans cover and other resources on the site will help guide people with the enrolment process. Resources involve information about doctors, hospitals, nursing homes, medical equipment supplies, etc.
The general population will have an enrollment period to apply for Medicare when they first become eligible. The enrolment period starts January 1st of every year and ends on March 31st of every year. If an individual fails to meet this enrolment period, they will be charged a late enrolment fee. During the time that the individual applies for Medicare, they will have the option to add the Medicare Part B plan. The Medicare Part B plan will begin on July 1st of the year the individual applies for Medicare. Applying for Medicare can be done online, at a Social Security Administration office, and by phone.