With Open Enrollment for Medicare taking place from October 15th to December 7th, it’s best to get a jump on it. You should never take risks when it comes to your health. By signing up for Medicare, you can ensure you’re covered if you ever need to visit the doctors. Of course, how do you know if Medicare in New Hampshire is right for you? Before you enroll, here are the top eight facts you need to know about Medicare.
Seniors and the Disabled Qualify
Medicare is not for everybody. It is a federally-funded program to give insurance to older citizens, over the age of 65. Others that qualify for Medicare in New Hampshire include those under 65 with disabilities that affect their ability to work. Patients with end-stage renal disease, or ESRD, also qualify.
More than 58 Million People Found Coverage
As of 2017, the Centers for Medicaid and Medicare Services announced that over 58 million people had enrolled in their coverage.
There are 4 Parts
The four parts of Medicare consist of A, B, C, and D. Each part of Medicare provides different benefits. Part A provides hospital insurance. Part B covers preventative health services as well as medically necessary health care services. Part C is also known as Medicare Advantage, and it provides the same coverage as Part A and B. However it is through private insurance companies and can cover additional benefits. Part D is optional and includes prescription drugs.
Some Seniors Automatically Enroll in Part A
As a part of Medicare, some people are automatically enrolled following their 65th birthday. You can check your enrollment status on Medicare’s website here.
Medicare Part A Can be Free
While there is a premium for Part A, you don’t always have to pay that premium. Those of you who have paid taxes on Medicare for at least ten years while you worked are exempt from paying that premium.
There’s a Medicare Advantage Plan
This is Part C of Medicare. Medicare Advantage as a minimum has to cover the same benefits as Part A and Part B. Some of these plans also include the prescription drugs of Part D. Talk to Brownell Financial to see which is the best investment for you.
Part D Covers Prescriptions
Part D of Medicare does not come with the Original Medicare plan like Parts A and B. Part D can be included when you enroll and can be included with Part C through a private insurance provider.
You Can Change Your Coverage with Open Enrollment
If you are already enrolled in Medicare but want to update your coverage to better fit your needs, you can. Open Enrollment is the time of year to enroll but also change your Medicare plan if you need to.
Remember Open Enrollment for Medicare is October 15th through December 7th. For considering Medicare in New Hampshire, talk to the professionals at Brownell Financial. Contact Brownell at 603.437.1992 or visit them online for more information.