Medicare Part B pays 80 percent of outpatient health care costs and 100 percent for many preventive services. But it pays to think carefully about when to sign up. Here’s why.
A somewhat cynical old saying declares that only two things in life are guaranteed: death and taxes. But there’s also something positive you can count on, and that’s Medicare.
Medicare provides certain time periods when you can change Medicare plans. The main one is the Medicare Annual Enrollment Period (formerly known as Open Enrollment), which runs from October 15 to December 7 each year. Anyone on Medicare can make coverage changes during this time that then go into effect the following year.
Medicare eligibility begins at age 65 for most people. (If you were born in 1954, you are next up to join the ranks of Medicare beneficiaries.) Here’s what you need to know about turning 65 and signing up for Medicare for the first time.
Do you have a Medicare Advantage plan? If you do, then you need to know about the Medicare Advantage Open Enrollment Period. It’s new in 2019 and runs January 1 – March 31.
Medicare Advantage Open Enrollment is a new enrollment period starting in 2019. It’s specifically for Medicare Advantage plan members and runs from January 1 to March 31. You must be a member of a Medicare Advantage plan on January 1 to be eligible for this new enrollment period, which replaces the shorter Medicare Advantage Disenrollment Period (January 1 – February 14).
You’re not alone if you haven’t chosen a Medicare plan for next year yet. It’s easy to put it off, partly because it just seems like a really big job. It doesn’t have to be.
You may be hearing more about Medicare Advantage plans (Part C) this year than in the past. These are private plans approved by Medicare that offer a different way to get your benefits.