Frequently Asked Question?
Do I need to do something to enroll in Medicare, or is it automatic?
If you get checks from Social Security or Railroad Retirement Board, they automatically enroll you in both Medicare Part A and Part B. This happens the first day of the month when you are turning 65. Automatic enrollment is the previous month if you have your birthday on the first of the month. Otherwise, you need to enroll yourself. The initial enrollment is your birthday month, and 3 months before and 3 months afterwards. Notify Medicare if you will keep your current insurance during this time. You can schedule a new initial enrollment period at a time later on.
When is open enrollment?
Open enrollment is Oct 15th - Dec 7th. Change your Medicare plans and prescription drug coverage during that window every year. Information about any changes to Medicare is published in October, before the open enrollment date on the 15th.
Can I enroll in Medicare if I already have Medicaid?
Perhaps, if you meet the financial eligibility requirements. Medicaid eligibility depends on income and resources. You may qualify for a federally funded program even without qualifying for Medicaid. Check with your state’s Medicaid office.
Am I eligible for Medicare?
If you are over 65 years old, there are still some eligibility requirements to enroll in a Medicare plan. First, you must be a US citizen or permanent resident, having lived in the US for 5+ years. Plus, meet one of the following: 1. You or your spouse worked 10+ years and receive Social Security or Railroad Retirement. 2. You or your spouse worked for the government or retired from working for the government, and either of you paid Medicare payroll taxes.
Why is it useful to have life insurance?
Life insurance helps ensure financial stability for your family. Life coverage makes sure your family can meet living expenses and maintain their lifestyle even in your absence.
Is life insurance really necessary?
No, life insurance is not strictly necessary, but it is a smart investment and financial planning choice. This is even more true for those with a spouse, children or parents depending on them. Some policies are also an investment you can borrow against or make cash withdrawals.
2023 Medicare & You Handbook
https://www.medicare.gov/Pubs/pdf/10050-Medicare-and-You.pdf
Medicare Costs at a Glance
https://www.medicare.gov/basics/costs/medicare-costs