Helping individuals in SE CT simplify
Medicare Advantage Plans & Medicare Supplements to make selection easier!
Helping individuals in SE CT simplify
Medicare Advantage Plans & Medicare Supplements to make selection easier!
Pleased to share factual information about MediCare!
Sign up is not automatic! You decide when!
First - your about to be 65 and want to sign up for Medicare!
Rules say - Coverage can begin the 1st of the month when 65. [called "eligible"]
● First step - Call your Local Social Security (SS) office * and ask to speak with a retirement person.
* Why? - Surveys report incorrect information was sometimes received calling the main SS 800 #
Note; SS is responsible to process sign up applications.
● Second step - when talking to a Retirement person ask about:
-> completing the Part A & B application,
-> options to pay your 25% share of Part B's monthly cost.
It's $144.60 but higher if your IRS 1040 AGI [two years ago] was above 87 k for Single & 174 k for Joint. Five higher levels.
-> mailing you the charts they create to help decide when to start receiving SS benefits.
When signing up is complete - [You are - "entitled" [not enrolled] ] and covered by:
-> Part A for inpatient care in a hospital.
-> Part B for medically necessary outpatient services.
Note: The MediCare ID card has entitled above Part A & B - see this picture. The page also explains the new style card.
When you approach 65 you receive many Medicare Health Plan brochures! <-> Are they confusing? <--> Was looking online for plans in Southeastern CT hard?
Many say yes!
To simplify all this - Just call John C Parker's Google Voice (860) 451-9793 . We can discuss your situation / interest / budget and:
● how MediCare works,
● the two kinds of Medicare Health Plans available in SE CT,
OK - you worked past 65 - What to do:
First: Call the Local SS office to set up a time for a call with a retirement person to:
● Apply for Part B & activate Part A.
-> It's backdated six months from your Part B date.
● Discuss options to pay your share of Part B's monthly cost [S144.60 in 2020 ] :
-> it's deducted from SS if receiving benefits.
● Ask for Form CMS-L564 to be eMailed to you. Your employer fills in dates you had medical coverage and signs. Returning this form:
-> approves a Special Enrollment Period to sign up for Part B the date you want.
-> means you avoid B's late enrollment penalty.
● Federal regulations limit times to sign up for Part B when past 65 to these periods. -> -> You can't just sign up when you want! <- <-
OK! You're now "entitled" to Part A & Part B - What do you pay for treatment?
If you receive outpatient treatment:
● MediCare does not pay MDs or other providers 100% of their fee!
● Why? Outpatient providers, who agree to participate in MediCare, have to accept ""assignment". It's just 80% of the allowed amount.
● So much treatment is now outpatient so being responsible for 20% could quickly be a Big Risk to income & savings!
If in a hospital:
● All medically necessary treatment is covered - you would be responsible for Part A's $1,408 deductible!
What to do about all these expenses? Buy a special insurance plan to pay most of these medical treatment / service invoices. Buying a plan works like putting up an umbrella over your income & savings!
Note: No coverage - bills will come like a rain storm!
The red text is a link to details on the two "risk protection" plans.
● Medicare Advantage Plan in New London CT or a
● Medicare Supplement in CT
Each has options to meet your situation / interest / budget.
A key point - Beware of TV ads saying - Call Today - get better coverage!
● Why? Times to sign up for a Medicare Advantage plan are limited by federal enrollment periods!
Do I really need one of these "Medicare Health Plans"?
Some think - my health won't change! - But:
● No one can say an accident won't happen!
● The possibility of an illness with on going treatment = significant costs!
Bottom line - buying puts you in control of any medical expenses and gives you peace of mind. Either a:
> Medicare Advantage Plans approved for New London County
> Medicare Supplement approved in Connecticut
Whether turning 65 or leaving an employer plan call/text John C Parker's Google Voice today (860) 451-9793).
● Whatever time you need will be available - perhaps multiple calls - to review whats best for your situation / interest / budget,
● Discussion will be to increase understanding not just a review of plan details. This = a more informed decision.
> I am told this is a big Help!
BTW it's OK after talking to say - now is not the right time!
You can also send questions on signing up for a Medicare Advantage Plan or a Medicare Supplement:
● Using the form below or
● To - Learn@JohnCParker.agency
