Can I keep my doctor if I enroll In Medicare? If you have a Medicare Supplement Plan, check if your doctor accepts Medicare payments. With a Medicare Advantage Plan, you must check that your provider is in-network.
What if I am taking prescription drugs? Standalone Part D’s and Medicare Advantage have a list of covered drugs, which can change each year. Reviewing drug coverage is important, and we recommend showing the labels or photos of your medications when meeting with an advisor.
Will I have Medical coverage during international travels? Medicare does not provide health insurance outside of the United States. Some Supplements and Medicare Advantage Plans may have limited coverage worldwide. We recommend speaking to your advisor about travel medical to ensure healthcare and repatriation are covered abroad.
Will I have Medicare coverage during domestic travels? Whether a snowbird or simply traveling, we recommend you discuss portability with your advisor. Some Medicare Advantage plans have broad networks and some narrow networks. Medicare Supplements may provide coverage across the country, but always check that a provider accepts your plan.
How do Social Security beneἀts impact Medicare? If you are not receiving Social Security, you must enroll into Medicare Parts A & B to receive benefits. If you are receiving Social Security, you may be auto enrolled into Medicare. If you are 65 or older, you may decide whether to receive or delay Social Security. Your Medicare Part B premium may be deducted from your Social Security check.
Medicare FAQs
How am I impacted if I am over 65 and still on my employer’s health insurance plan? If your employer offers health insurance, speak to HR and/or an insurance advisor to discuss how Medicare impacts you. By remaining on your employer plan, you may be able to delay enrolling in Medicare.
Qualifying for Extra Help/Medicaid? People with limited income may qualify for Extra Help or Medicaid programs that could pay the Part B premium and/or lower the cost of prescription drug coverage. For more information, visitwww.SocialSecurity.gov or speak to an advisor.
Hospital Observation periods? Original Medicare covers the cost of Skilled Nursing Facilities (SNF) after you have been admitted to the hospital for 3 days. Always confirm you have been admitted sometimes you may be classified as ‘under observation’ and may not qualify for SNF coverage.
COBRA coverage? Clients may consider accepting COBRA from their former employer when they retire after 65. It is important to know that COBRA does not exempt you from signing up for Medicare Part A & B.
Additional questions? If you have questions regarding your Medicare options, reach out to a licensed advisor or visit Medicare.gov for helpful resources.
