We’re going to discuss Medicare enrollment in 2018 with you here and cover all the details you need to know in order to sign up and get the coverage you need. Most seniors can benefit from at least one of the Medicare medical issuance plans, so we’ll show you exactly what you need to do to sign up for them.
Know the Plans
First of all, you need to know what you are signing up for.
There are a few different plans, and each of them covers you for different medical expenses. Most people are going to sign up for the basic Medicare plan, which is Original Medicare. This includes Medicare parts A and B and covers many common hospital and doctor’s office expenses. It also covers nursing care, hospice care, ambulance services and more.
Part C of Medicare, which also goes by the name Medicare Advantage, covers all of Original Medicare, as well as emergency and urgently needed services. It may include more coverage on top of that, depending on where you buy it from.
Part D of Medicare for 2018 covers a lot of prescription drug costs. You can buy this to attach onto one of your other plan, if they do not already include it.
There are also Medicare supplement plans, which attach onto Original Medicare and cover some of the expenses that are not as common that it does not cover.
How You Can Sign up for Medicare
Enrollment is fairly simple, but it is worth detailing for those who may not know all the specifics. In order to qualify for Medicare, you need to be at least 65 years old, in most cases. There are exceptions, and these tend to be for people who have certain medical conditions, such as end stage renal disease or a disability of some kind. For those who are not sure whether they qualify, you can always talk to a Medicare insurance agent to get clarification.
You can sign up with Medicare directly for some of their plans. Medicare Original, for instance, can only be purchase through Medicare. It has a set price and set coverage, and these only changes when Medicare makes changes to them. You won’t find this plan available at any private insurance company.
If you want Part C, Part D or a Supplement plan, then you will have to go to a private insurer. These are insurance providers like Mutual of Omaha, Aetna, AARP and others. Many of them sell all sorts of medical insurance plans, and they may have a few versions of some of the Medicare plans. They have to stick to Medicare’s rules on coverage, but the pricing is more or less up to them, so you’ll see lots of different prices for some of the same plans with the same coverage. You’ll want to compare prices to get the best deal that you can.
So, Medicare enrollment in 2018 starts with Medicare, but you may need to get further coverage from private companies. Any plan you sign up for will be for a limited period of time. You are often singing up for a year or a couple years with any given plan. These are the terms of the plan, and once the term is expired, then you can sign up for something else or just cancel your plan altogether by refusing to renew it. You will want to keep tabs on your coverage needs and how they change and be prepared to switch out plans for something more suitable when the time comes.
When You Should Enroll
You won’t be able to sign up for Medicare coverage at any time of the year you wish. You have to do it on Medicare’s terms, and they set aside a period for enrollment that falls near the end of the year. That way, once everyone is enrolled their new plans all start at the same time, on January 1st of the next year. So, if you were to sign up for Medicare overage in 2018, then you would actually be signing up for a plan that starts at the beginning of 2019.
Open Enrollment is the signup period, and it usually lasts through November and much of December. That’s the ideal time to sign up, as you are guaranteed the most options and the best prices on plans. If this is your first time singing up and you do enroll during Open Enrollment, then you ar guaranteed coverage under the law. That means that any plan that you are eligible for, even if it is being sold by a private insurance company, if you apply, then they have to sell you that plan.
They have to sell you the plan at the best possible price, too. They can’t charge you extra just in case of a preexisting medical condition you may have. So, if you are wary about signing up for Medicare because of a medical condition you are dealing with and because you think that condition will cause you to pay higher rates, then you can stop worrying. Just go and enroll during Open Enrollment and get the best deal and guaranteed coverage.
Medicare enrollment for 2018
You may already be eligible for Medicare or perhaps you will be eligible soon. Either way, you should consider the coverage these plans offer. They are great for seniors, as they cover a lot of their more common medical expenses at a decent rate. The older you get, the more likely you are to need this coverage, and even if you can’t afford it, you may be eligible for reduced rates or premium-free coverage.
It doesn’t hurt to look at your options and consider the advantage of Medicare enrollment 2018. You may not realize until you look closely at these plans how much money you can save and how well they will cover you for your healthcare expenses. Talk to your doctor and your insurance agent about your medical and coverage needs and consider Medicare for your healthcare coverage moving forward.