At the age of 65, most people are eligible for Medicare's initial entry time. During this time, you can purchase Medicare supplements without having to answer health questions. Usually, you only get one initial registration period. It begins three months before your Medicare eligibility month and ends three months after the eligibility month. If you are eligible for Medicare because you are 65 years of age or older, then the qualifying month is the month of your 65th birthday.
The initial enrollment period is a great opportunity for people to get Medicare health insurance. This is because, in general, insurance companies must use medical coverage to determine whether or not to accept your application. However, if you register during the initial registration period, you can purchase any Medicare supplement policy [available in your area] without having to answer health questions, and the insurance company cannot refuse to issue your policy.
It is important to note that people with Medicare due to disability will be eligible for a second initial enrollment at age 65. Like any other person eligible for Medicare, the first time is eligible for 65 years of age.
In most cases, Medicare Supplements pays for medical insurance that is not covered by the hospital and doctor's office. However, Medicare Supplements does not include most prescription drugs.
For drug insurance, you should consider participating in the Medicare prescription drug program. Also known as Part D, this is a separate voluntary insurance that can help reduce the cost of prescription drugs. Like Medicare Supplements, private insurers offer Part D drug programs.
Although Part D is considered "voluntary," when you first qualify for Medicare, not participating in a qualifying drug program can have consequences. The fine you can manage each month is about 32 cents a month, but no. Fines are carried for life and are often surprising.
It is important to compare Medicare Supplement benefits and prices before deciding which option is right for you. This is because all Medicare supplements are standardized, which means that the programs offered and the benefits of these programs are the same for all companies.
Premiums charged by different insurance companies for identical insurance premiums may vary widely. By shopping and comparing, you can save hundreds of dollars a year.
There is a free service that can help you choose wisely, giving you a list of companies that offer the most insurance at the lowest price in your area.
Orignal From: Medicare Qualification - Helpful Tips
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