Here’s How to Help Your Loved One with Medicare

Most Americans become eligible to enroll in Medicare upon turning 65. If you plan to assist your loved ones in this process, educating yourself is the first step. What are some key pointers you need to know?

How much will Original Medicare cost? Premium-free Part A (hospital) is for those who have paid into Medicare taxes while working for at least 10 years. The standard Part B (medical) cost for 2021 is $148.50. When your modified adjusted gross income is above a certain amount, you may pay an extra charge.

When do they enroll in Medicare? Individuals can sign up for Part A or Part A and Part B during the seven-month window that begins three months before the month they turn 65. The soonest the coverage will begin is the first day of their birthday month. When a birthday is on the first day of the month, the coverage will start the first day of the prior month. When your loved one is still working, they have additional options and decisions.

What are their Medicare plan options? Once your loved one enrolls in Medicare, they have a decision to make. Their options are to remain with Original Medicare, select a Medigap supplemental plan to work with Original Medicare or select a Medicare Advantage plan. Making the right Medicare plan decision can make a major difference in the cost of care and their provider choices.

Your loved ones are our priority. Call or email us today, and we can walk you through all the steps and details of Medicare.