SOURCE: Medicare Supplement Shop

Medicare Supplement Shop

September 15, 2011 12:00 ET

Making the Move to Medicare: 5 Critical Steps Consumers Need to Prepare for Medicare Coverage According to Medicare Supplement Shop

SACRAMENTO, CA--(Marketwire - Sep 15, 2011) - Recent media coverage, focusing on health care has raised some concerns. Medicare is often a source of concern for individuals nearing the 65 old year mark and recent changes to the Medicare system seem to have added further to their confusion. Medicare Supplement Shop CEO, Jill Roberson, states, "There is no need for concern when it comes to Medicare plans. The big change this year is when open enrollment begins, which is about a month earlier than previous years. In 2011, open enrollment will begin in mid-October and continue through the first week of December." Roberson states that the slight change of open enrollment should have little impact. In fact, the Medicare enrollment process will be the same as previous years. Roberson recommends you keep five critical things in mind when turning 65 and making the move to Medicare.

1. Medicare Part A & Part B: Medicare Part A is available to everyone 65 years of age or older. Part A covers all inpatient care and most do not pay a premium for this. Medicare Part B is also available to those over 65 and covers outpatient care, however most recipients will have a pay a premium for Part B services.
2. Do you currently have an employer health plan? If you are on an employer plan, you are not required to enroll in Medicare; however your employer's plan can act as secondary coverage to Medicare. When making the decision to stay on an employer's plan or move completely to Medicare, it is best to learn about Medicare's premiums and benefits then compare it to your employer's plan. If you choose to cancel your employer's plan and move completely to Medicare it is important to consider Medicare supplemental plans.
3. When should you enroll in Medicare? There is no need to begin the Medicare enrollment process any sooner than 3 months prior to turning 65. Enrolling in Medicare Part A and B 90 days before your birthdate will ensure that your coverage begins on the day you turn 65. If you are not on an employer plan and are shopping for a Medicare Supplement plan, begin to look for that one month prior to turning 65. This will ensure you are covered on the date of your 65th birthday.
4. Do I need a prescription Drug Plan? Prescription Drug Plans are not necessary for all individuals. For those who have high prescription drug costs or multiple prescriptions, a Medicare Part D Prescription Drug Plan helps to reduce the cost of prescription drugs. If you are an individual who has expensive prescriptions or multiple medications, a Part D Prescription Drug plan is in your best interest. To find the most affordable plan, ask your Medicare supplement sales agent to do a prescription drug plan comparison report for you.
5. When is a Medicare Supplement Plan Necessary? If you are 65 years of age or older and are not on an employer's health care plan, Medicare Supplement Plans are essential to fill in the gaps in your Medicare coverage. Medicare Supplement Plans vary in price and coverage based on the health of each individual and location.

Jill Roberson is the CEO of Medicare Supplement Shop, an online provider of Medicare Supplement insurance plans. Medicare Supplement Shop is licensed in 46 states and has been in the insurance industry for over 12 years.

Contact Information

  • Jill Roberson