Tue, May 1, 2018
When to enroll in Medicare and Get a Medicare Supplement
Based on the somewhat confusing rules of Medicare enrollment, many seniors mistakenly believe that signing up for a Medicare Supplement is similarly complicated.
When can I enroll in Medicare?
Medicare’s Initial Enrollment Period spans 7 months around your 65th birthday — you can enroll 3 months before, the month of, and up to 3 months after. You must enroll in Medicare yourself by contacting your local Social Security office. You can do that in person at a Social Security office, or by phone 1-800-772-1213 (TTY 1-800-325-0778).
When can I enroll in a Medicare Supplement?
Based on the somewhat confusing rules of Medicare enrollment, many seniors mistakenly believe that signing up for a Medicare Supplement is similarly complicated. The good news is that you can sign up for Medigap insurance at any time. However, there are some “sweet spot” time frames which, if you apply during those opportunities, will make the process much easier:
- The Initial Enrollment Period. During your first 6 months of Part B coverage, your acceptance is guaranteed, regardless of your current level of health
- The “Guaranteed Issue” Period. If you are on the verge of losing coverage through an employer, you will have a “guaranteed issue” period lasting 63 days where you can purchase any Medicare supplement policy with no health questions asked.
If you apply for Medicare supplement at any point outside of these time frames, you will likely have to go through the complicated process of medical underwriting and answering lots of invasive health questions. To learn more, and to get help going through the process, call us today at (256) 532-2783 or 1-800-734-2876.
Who Purchases Medicare Supplement Insurance?
It doesn’t matter whether you’re struggling to get by, on a fixed income, or enjoying incredible wealth in your golden years - all seniors from all walks of life can benefit from a Medicare supplement insurance policy. Medicare provides standard coverage to every beneficiary, regardless of income but it only covers about 80% of Medicare eligible expenses. Therefore, the more vulnerable you are to the gaps in Medicare coverage, the more you can benefit from the protection of a Medicare Supplement.
Who is Eligible for Medicare Supplement Insurance?
If any of the following scenarios apply to you, then you are already guaranteed “eligible” to purchase Medicare supplemental insurance:
- You are currently covered under Medicare Parts A & B
- You are within 6 months of turning 65
- You are within 6 months of receiving Part B coverage
- If you are about to lose your group health insurance plan
Please note that you may still be required to answer some medical questions about your overall health and wellness. For further clarification, or if you have any questions, please do not hesitate to contact us at (256) 532-2783 or 1-800-734-2876.
For more information or if you still have questions, please give us a call or stop by our convenient office at 699-A Gallatin Street, Huntsville. We’ll be happy to discuss your particular situation and help you in any way. Call 256-532-2783 to speak to one of our friendly staff.
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