Enrolling in Medicare can be a stressful process, especially if you have cancer—to the point that you might be tempted to put it off or perhaps quit up entirely. However, this can have major long-term implications for your cancer insurance and finances.
You can effectively handle the Medicare enrollment process with a little patience and preparation. Here are some helpful hints.
When you reach the age of 65 and are a U.S. citizen or permanent resident, you are eligible for Medicare. If you still work and receive benefits from your company, you can choose to join up then or wait until later. In either case, it's worth noting that enrollment isn't automatic unless you already receive Social Security benefits.
The enrollment period begins three months before and concludes three months after your 65th birthday. It's critical that you stick to the deadline. If you miss the enrollment deadline, you might be without insurance for months. Penalty fees are frequently added to the costs of your plan. Because these fees are permanent, you may end yourself paying greater healthcare charges for the rest of your life.
The Social Security Administration in the United States is in charge of Medicare enrollment and is your main point of contact for any queries or problems you may have. You can apply for Social Security benefits online or in person at a local Social Security office. For further information, contact the main office at 1-800-772-1213.
Also Read: Medicare Enrollment Periods you Need to Know
You don't have to renew your Medicare coverage every year, whether you have original Medicare or a Medicare Advantage plan. However, plans may be canceled or their advantages and pricing may alter to the point where they no longer satisfy your requirements. It's common for pharmacy and provider networks to shift, expenses to rise, and the list of covered prescription drugs to alter. That's why it's a good idea to check through your plan once a year and see how it compares to your current healthcare demands.
By September 30 of each year, your health insurance is obligated to send you a "Annual Notice of Change." The notice highlights any changes in coverage and fees that will take effect in January of the following year. After evaluating those adjustments, you can modify your healthcare plan during Medicare's open enrollment period. From October 15 through December 7, the time is open to the public. You can move from Original Medicare to Medicare Advantage or vice versa during this time. You have the option of switching from one Medicare Advantage plan to another, as well as one Medicare Part D plan to another. If you haven't already done so, you can enroll in Medicare Part D, however late enrollment penalties may apply.
If you discover that the new healthcare plan does not match your needs, you can change some of your plans from January 1 to March 31 the following year. The US government's 1-800-MEDICARE phone line or your local SHIP can provide assistance with the renewal procedure.
Everyone's health-care requirements are unique. It's possible that the optimal Medicare plan for you differs from what works for others in your life. A cancer diagnosis adds another element of complexity to the equation. It's critical to do your homework and understand how Medicare works before making any enrollment decisions.
The Medicare website of the United States government has a lot of useful information. You can also dial 1-800-MEDICARE. The State Health Insurance Assistance Program can also provide you with free assistance (SHIP). This federally supported counseling program can help you understand your alternatives by providing objective advice. Call 1-877-839-2675 or go to the SHIP National Technical Assistance Center website for further information.
These are some of the Medicare plans you may come across throughout your research:
Inpatient hospitalization, skilled nursing care, hospice, and some home care services are all covered under Medicare Part A.
Outpatient treatments including doctor visits, physical and occupational therapy, preventive screenings, and some medical equipment and supplies are covered under Medicare Part B.
Outpatient prescription medicines are covered by Medicare Part D.
Medicare Advantage, often known as Medicare Part C, is a private insurance plan offered by federally licensed private insurers. These plans must provide coverage that is at least equivalent to Parts A and B, and in most circumstances, Part D. They may, however, have differing rules, fees, and coverage limitations.
Also Read Does Medicare Cover Cancer Treatment?
When looking at Medicare coverage options, think about how your selections will affect your cancer treatment and finances. Original Medicare, for example, enables you to see any doctor you want, but it comes with considerable out-of-pocket fees. A Medicare Advantage plan, on the other hand, restricts your choice of providers while also being less expensive. Think about if you're willing to change doctors. Always check with any doctor you want to visit to determine what insurance coverage they accept.
If you take prescription medications on a regular basis, you should be aware that original Medicare does not cover drug costs. For that form of coverage, you'll need to purchase Part D or choose from among the Medicare Advantage plans. However, not all Advantage plans include prescription coverage, and costs vary widely amongst plans. Make sure that whichever plan you choose suits both your health care needs and your budget.
Enrollment deadlines are important once again. While you can usually get coverage after the enrollment deadlines have passed, you don't want the penalty fees to be added to your plan expenses in the long run. As a result, do your utmost to meet the deadlines
Applying for Medicare coverage may appear daunting at first, but it is completely manageable. You can make the choices you need to secure comprehensive coverage for yourself and your cancer care if you allow yourself plenty of time and use the available advice and support.
Medicare is covered only by home health care services prescribed by a physician and delivered by qualified nurses, although patients must meet strict eligibility criteria.
What is the easiest way to apply for Medicare? Well, you are in the right place! Most people were automatically enrolled and became eligible for Social Security when they turn to 65. We didn't need to apply for Medicare until President Reagan signed the legislation which raises the retirement age in 1983 and begins in 2003.
While eye care is a common need as we age, Medicare coverage is extremely restricted for most vision services. It is normally based on whether you encounter any medical problems that can impair your eyesight.
Many people believe that Medicare is free because, for much of their working life, you have paid into Medicare by taxes, but that assumption is not right.
Often, Medicare premiums come as a shock to new Medicare recipients. You may have noticed that the federal government has been deducting taxes for years from your paychecks. And yes, these deductions go into paying your future payments for Medicare Part A as well as your income checks from Social Security.