Frequently Asked Questions when applying for Medicare
1) How do I enroll in Medicare for the first time?
With over 10 years of experience, we at Wisconsin Insurance Services, can guide you and assist you through the process on how to apply for Medicare parts A, B, C and D.
2) What is the difference in Medicare part A & B
Part A (Hospital Insurance): Helps cover inpatient care in hospitals, skilled nursing facility care, hospice care, and home health care.
Part B (Medical Insurance): Medicare Part B enrollment helps pay for covered medical services and items when they are medically necessary.
3) What parts of Medicare are mandatory?
Part A is mandatory for those on Social Security, turning 65 or being disabled for 2 years. You'll need to take Part A unless you want to forfeit benefits.
Part B is optional BUT .... If you don't sign up for Part B when you are first eligible for Medicare, you'll have to wait to sign up during the next enrollment period. You might also pay a monthly penalty. The penalty goes up the longer you wait to sign up. If you opt out of Part B without having creditable coverage—that is, employer-sponsored health insurance from your current job that's as good or better than Medicare--you could also face late-enrollment penalties down the line.
Part C is Medicare Advantage. Is Part C Mandatory? Medicare Advantage coverage is entirely optional
Part D is a mandatory prescription drug plan for people on Medicare. Medicare Part D is simply insurance for your medication needs. You pay a monthly premium to an insurance carrier for your Part D plan.
4) How many months ahead should I apply for Medicare?
Generally, we advise people asking .... when do I sign up for Medicare .... to file for Medicare benefits 3 months before age 65. We can also explain to you when can you apply for medicare if you are still working.
5) What happens if I don’t sign up for Medicare Part B when I turn 65?
If you don't sign up for Part B when you first get Medicare, you'll have to wait to sign up during the next enrollment period. You might also pay a monthly penalty.. The penalty goes up the longer you wait to sign up.
6) What happens if I opt out of Medicare Part B?
If you opt out of Part B without having creditable coverage—that is, employer-sponsored health insurance from your current job that's as good or better than Medicare--you could also face late-enrollment penalties down the line.
7) Are you automatically enrolled in Medicare Part D?
Enrollment in a Part D prescription drug plan is not automatic, and you still need to take steps to sign up for a plan if you want one. Part D late penalties could apply if you sign up too late. If you want a Medicare Advantage plan instead, you need to be proactive. Pay attention to the Medicare calendar. Wisconsin Insurance Services will help lead you through this.
1) How do I enroll in Medicare for the first time?
With over 10 years of experience, we at Wisconsin Insurance Services, can guide you and assist you through the process on how to apply for Medicare parts A, B, C and D.
2) What is the difference in Medicare part A & B
Part A (Hospital Insurance): Helps cover inpatient care in hospitals, skilled nursing facility care, hospice care, and home health care.
Part B (Medical Insurance): Medicare Part B enrollment helps pay for covered medical services and items when they are medically necessary.
3) What parts of Medicare are mandatory?
Part A is mandatory for those on Social Security, turning 65 or being disabled for 2 years. You'll need to take Part A unless you want to forfeit benefits.
Part B is optional BUT .... If you don't sign up for Part B when you are first eligible for Medicare, you'll have to wait to sign up during the next enrollment period. You might also pay a monthly penalty. The penalty goes up the longer you wait to sign up. If you opt out of Part B without having creditable coverage—that is, employer-sponsored health insurance from your current job that's as good or better than Medicare--you could also face late-enrollment penalties down the line.
Part C is Medicare Advantage. Is Part C Mandatory? Medicare Advantage coverage is entirely optional
Part D is a mandatory prescription drug plan for people on Medicare. Medicare Part D is simply insurance for your medication needs. You pay a monthly premium to an insurance carrier for your Part D plan.
4) How many months ahead should I apply for Medicare?
Generally, we advise people asking .... when do I sign up for Medicare .... to file for Medicare benefits 3 months before age 65. We can also explain to you when can you apply for medicare if you are still working.
5) What happens if I don’t sign up for Medicare Part B when I turn 65?
If you don't sign up for Part B when you first get Medicare, you'll have to wait to sign up during the next enrollment period. You might also pay a monthly penalty.. The penalty goes up the longer you wait to sign up.
6) What happens if I opt out of Medicare Part B?
If you opt out of Part B without having creditable coverage—that is, employer-sponsored health insurance from your current job that's as good or better than Medicare--you could also face late-enrollment penalties down the line.
7) Are you automatically enrolled in Medicare Part D?
Enrollment in a Part D prescription drug plan is not automatic, and you still need to take steps to sign up for a plan if you want one. Part D late penalties could apply if you sign up too late. If you want a Medicare Advantage plan instead, you need to be proactive. Pay attention to the Medicare calendar. Wisconsin Insurance Services will help lead you through this.