With the help of R&R Insurance Group LLC, you can get high-quality Medicare insurance in and around Quakertown, PA, that makes sense for your needs. Applying for this protection is relatively simple and is something you need to do as you reach retirement age.
People who receive Social Security retirement between ages 62 and up to four months before they turn 65 automatically get enrolled in Medicare Part A and Part B when they reach 65. That helps streamline the process and ensure that you get the help that you need to stay healthy.
However, if you apply for Social Security three months before you turn 65 or later, you don’t automatically get Medicare Part A and Part B. Instead, you need to contact a local insurance agent, find an enrollment paper, and turn it in with your Social Security application.
Don’t Miss the Enrollment Period
Note that the Initial Enrollment Period for Medicare starts three months before you turn 65 and lasts until three months after the month you turn 65. So, if you turn 65 on May 4, you can start applying on February 4 and must apply by August 4 to qualify. Otherwise, you have to pay a penalty.
This penalty isn’t necessarily expensive but is easy to avoid if you apply within this period. You can apply online or in person, depending on your preference. The online application streamlines the process and ensures that you don’t have to do difficult or confusing paperwork.
Get the Help That You Need
At R&R Insurance Group LLC, our team can help Quakertown, PA, residents get Medicare insurance. We’re here to help you understand your coverage and to provide the unique support that you need. By working with us, you ensure that you get Medicare that makes sense for you.
Did you know if you have an ACA health plan that you can get physicals and many preventative health screenings free of cost? Many people say your health is your wealth. By getting preventative screenings, you can prevent larger problems and be here to do the things you love.
- Health insurance may be more affordable than you think! Through the Healthcare Marketplaces, you can get subsidies to help pay for coverage. Subsidies are based on household income and family size. The federal exchange is healthcare.gov. Many states, including PA and NJ, have gone to state-based exchanges. Pennsylvania’s healthcare exchange is called Pennie.com New Jersey’s exchange is GetCoveredNJ.com
The exchanges have rates for all the companies that do business in your area. There are a variety of plans. In general, there are four levels of plans (Bronze, Silver, Gold, and Platinum) All plans include preventative care.
- The Bronze plans are the least expensive. They are set up as catastrophic plans. They have a large deductible, and they are designed to take care of any big bills that may come your way. None of us know what lies ahead for us. This protects what you have worked hard to build for you and your family.
- The Silver plans are a popular plan choice. While still being on the lower end of the cost spectrum, they provide more first dollar coverages. It is also important to know that based on your income you may qualify for CSRs (Cost ShareReductions) if you have a silver plan. What this means is that you could get lower copays and deductibles than what is offered in the standard Silver plan.
- There are open enrollment periods during which you can purchase or change your Health plan. In general, this period of time runs from Nov. 1st to Jan. 15th. Some states extend the open enrollment to January 31st. You may, however, be able to purchase coverage mid-year if you qualify for a Special enrollment period. Some of the life changes that qualify you for a SEP include getting married, getting divorced, having a baby, moving, or losing other Coverage (Employer or Medicaid.)
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If you are getting ready to start receiving Medicare or even if you have had Medicare for a while, you may have questions about your coverage and the options available to you. At R&R Insurance Group LLC in Quakertown, PA, we can give you the information you need to make the right decision.
What is Medicare Supplement insurance?
A Medicare supplement plan helps to pay the yearly deductible and the copay that comes along with traditional Medicare, which pays only 80% of assigned charges. You have options when it comes to supplemental policies; some pay 100% of the unpaid portion, and others pay only a percentage. These plans are called Medigap. They have a monthly cost in addition to what you pay for your Medicare Part B.
What is traditional Medicare?
Traditional Medicare is made up of two parts, Part A which is hospitalization, and Part B medical. Part A you get for free, and Part B payment is deducted from your Social Security payment. You must carry a Part D drug plan unless you have another creditable drug plan.
What to look for in a Medicare Advantage Program?
Medicare Advantage or Part C is an option to traditional Medicare. It is offered by health insurance carriers. Medicare Advantage programs offer a lot of additional services. Begin by looking for a zero-premium plan with no deductible. This is a good place to start. You also want Part D drug coverage included.
Advantage plans offer additional benefits like dental, vision, and hearing. They offer Silver Sneakers or Renew, which provides membership to a health club, YMCA or gym. Another option is a quarterly or yearly allowance for over-the-counter expenses.
Contact Us Today
At R&R Insurance Group LLC, serving the greater Quakertown, PA community, we can help you to make sure you make the right decision about your Medicare.