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MEDICARE EXPLAINED
Are you approaching the age of 65 and seeking a comprehensive understanding of Medicare beyond what's offered in television commercials? You're not alone. Each day, tens of thousands of individuals like you reach this significant milestone, and most of their knowledge about Medicare stems from the overwhelming volume of mail they receive in the months leading up to it. Let's delve into the steps you need to take when transitioning to Medicare.
TRANSITIONING TO MEDICARE EXPLAINED
The first crucial piece of information to keep in mind is that postponing your Medicare enrollment could lead to penalties and a potential gap in coverage, which could have financial implications. It's important to note that there are specific periods during which you can enroll in Medicare. Some individuals are automatically enrolled, while others need to initiate the application process. Your initial opportunity to enroll falls within the seven-month period known as your initial enrollment period. This period typically commences three months before the month you turn 65 and extends for three months afterward. If you already receive Social Security benefits, Medicare enrollment will be automatic. However, if you don't receive Social Security, you'll need to proactively sign up for Medicare.
FINDING PROPER COVERAGE
If this applies to your situation, it's essential to recognize that Original Medicare is the only aspect of Medicare that you will be automatically enrolled in, encompassing Medicare Parts A and B. Therefore, if you require coverage for long-term care, dental, vision, hearing services, or other vital needs, it's crucial to actively enroll in the additional components. Here are the steps to follow:
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Confirm your eligibility.
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Assess your coverage requirements beyond Parts A and B.
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Apply for Original Medicare at your local Social Security office or online.
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Begin exploring supplemental insurance options.
For the most informed decision, consider compiling a comprehensive list of your needs and consulting with a certified Medicare advisor, such as those available at Medicare Gurus, to determine the best-suited options for your unique situation.
