Medicare, Part 2
Quick Guide to Medicare Enrollment, Part 2
When choosing a Medicare plan, consider the following factors:
**Your health needs: Do you have chronic health conditions that require specialized care?
**Your budget: How much are you willing to spend on premiums, deductibles, and copays?
**Your lifestyle: Do you travel frequently or need extra benefits like vision or dental coverage?
**Your future plans: Are you planning to retire soon or move to a different location? Some
Medicare plans may have geographic restrictions or limitations on certain services.
Making the most of your enrollment periods:
**Research and compare plans. Use online tools or consult with a Medicare specialist to compare different plans and find the best option for you.
**Consider your future needs. Think about your long-term health goals and choose a plan that can accommodate your changing needs.
**Be proactive. Don't wait until the last minute to enroll. Plan ahead and take advantage of your enrollment periods.
**Stay informed. Stay up to date on changes to Medicare plans and enrollment rules. You can find information on the Medicare.gov website or by contacting a Medicare specialist.
Additional tips:
** Review your coverage annually. Even if you don't need to make changes to your plan, it's important to review your coverage regularly to ensure it continues to meet your needs.
**Consider a Medicare Advantage plan with a health maintenance organization, HMO, or preferred provider organization, PPO network. These plans ay offer lower premiums and copays, but they may also have more restrictions on the doctors and hospitals you can see.
**If you have a chronic health condition, look for a Medicare Advantage plan that specializes in that condition. These plans may offer additional benefits or services that can help you manage your condition.
Period When Is It? What You Can Do
Initial Enrollment Period 3 months before you turn 65 Enroll in Parts A and B
IEP the month of, and the 3 for the first time
months after
Annual Election Period October 15 to December Enroll in, change, or drop a Part
AEP 7 every year D or Medicare Advantage plan
General Enrollment Period January 1 to March 31 Enroll in Part A and/or Part B
GEP every year, coverage is if you missed your IEP and don't
delayed until July1 qualify for a SEP
Medicare Advantage Open January 1 to March 31 Switch to another Medicare
Enrollment Advantage plan or enroll in
MADEP Original Medicare with a
part D Drug plan
Special Enrollment Period Anytime you have a qualifying Apply for Parts A and B.
SEP event, ie delaying Medicare There are also SEPs for past 65, C and D plans. You have 2 months to enroll in either.
Medigap 6 months before and after 6 Purchase any Medigap plan
months after your part B without answering health effective date. questions.
**The AEP is for those who already have Original Medicare.
Rick Peterson
Independent Insurance Broker
CA License#0E52928
949-677-3864 cell
*****This is my friend, but you could not ask for a more honorable person with unequalled sincerity.
Please contact him if you have any questions.
**