Did you know it's time for Annual Medicare Enrollment?

Fall is right around the corner, and you know what that means…leaves begin to change and so do Medicare plans! While we are all excited for pumpkin spice and celebrating the holidays, it is important to have a Medicare plan that is tailored to your specific needs while also being cost efficient! Medicare is a national health insurance program for Social Security recipients 65 years or older or people permanently disabled. 

FILL OUT THIS FORM TO HAVE THE 2022 MEDICARE BOOKLET EMAILED STRAIGHT TO YOU!
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It is important to understand your current Medicare plan and any changes to that plan for the new year; as well as evaluate your options for a potentially better Medicare plan. It is not required to sign up for Medicare each year, but it is highly encouraged to review your options so that you are always getting the most suitable plan for your money. Contact one of our Medicare Specialist today. 

 

AGE 65-Medicare

Medicare Part A (Hospital Insurance)

It covers inpatient hospital stays, care in a skilled nursing facility, hospice care, and some home health care. Medicare recipients do not pay a monthly premium for Part A, given that either the recipient or their spouse paid Medicare taxes for a certain amount of time while working.

Medicare Part B (Medical Insurance)

Covers certain doctors’ services, outpatient care, medical supplies, and preventative services. Everyone pays monthly premiums for Part B and this price varies based on income. The average cost in 2020 was $144.60 per month and will fluctuate based on adjusted gross income.

Medicare Part C (Medicare Advantage)

This is an “all in one” alternative and these bundled plans include Part A and B, and usually Part D. The difference between Original Medicare (Part A and B) and Medicare Advantage is Advantage recipients must use doctors in their plan’s networks. Medicare Part C is a fixed monthly cost based on the private insurance companies approved by Medicare. Part C may offer extra coverage such as vision, hearing, dental, and/or health and wellness programs as well as Medicare Part D.

Medicare Part D (Prescription Drug Coverage)

Helps cover the cost of prescription drugs (including recommended shots or vaccines). Recipients will pay a monthly premium that will vary depending on income and insurance provider. Medicare Part D can also be paid for through a Medicare Advantage plan that includes prescription drug coverage. The actual drug coverage costs will vary depending on needed prescriptions, what “tier” the drugs are in, and which pharmacy recipient is using.

The Annual Enrollment does not last long, mark your calendar for these important dates:

October 1st, 2021: Start comparing current coverage with other options as you may be able to save money or get extra benefits.

October 15th-December 7th, 2021: Change Medicare health or drug coverage for 2022 if that is the most suitable option. This includes changing to Original Medicare or joining/changing a Medicare Advantage Plan.

January 1st, 2022: New coverage begins if changes are made. If the existing coverage is kept and the plan’s cost or benefits changed, those changes will also start on this date.

 

 

Not affiliated with or endorsed by the Social Security Administration, the Centers for Medicare & Medicaid Services, or any governmental agency.

 

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Medicare 2022


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