Can anyone sign up for Medicare who wants it? Is there a certain time of year you can sign up for Medicare plans? Where do I purchase Medicare from? We will answer these common questions and more in our look at Enrollment into AARP Medicare Supplement Plans 2018.
Hopefully, you will get the answers you are looking for and be able to make an informed decision about which coverage plan to go with for your healthcare needs.
The Signup Process
First, you’ll want to know what Medicare plan you would like. There are lots of these to choose from, and they include cover for basic medical expenses as well as cover for less common ones. Each plan has different coverage and suits a different kind of person with different circumstances in their lives. Your finances and medical situation will determine what kind of plan you should sign up for.
Once you have picked a plan you want, be it Original Medicare, Part C or Part D, you go to the appropriate insurance provider to purchase that plan. You can contact them by phone or through their website. You can even go to their office in person, if they have a physical location near you.
You will need to choose for how long you want to be signed up for the plan as well. Most people pick one year, but you can sign up for several years at a time, if you like. This is called your plan’s term, and once you have decided on a term, you are bound to it. You may not be able to cancel your plan or change it midways through the term. On the plus side, your rates should stay the same during that term, depending on the conditions of you contract. Your coverage may remain the same as well.
Who Is Eligible?
The enrollment process is made to be simple, but not everyone can apply for Medicare plans. Usually, these medical insurance plans are reserved for people who are 65. At that age, you are eligible for any of the Medicare plans, and you have your pick of them. However, if you need special requirements, such as having end stage renal disease or some kind of recognized disability, then you may be eligible for Medicare before you reach age 65. Be sure you check with a Medicare agent before applying to find out if you meet the basic eligibility requirements, if you are not sure. You may also qualify for a reduced rate or a premium-free coverage plan.
Your financial situation, how long you worked for and what kind of medical conditions you have can determine who much you pay for the monthly premiums on these plans as well as the annual deductible. Once again, if you think you may qualify for a reduced rate, it doesn’t hurt to ask. When you are applying, you will have to answer questions that will determine your eligibility status and whether you qualify for reduce rates or special options, but you may want to find out ahead of time, before you put in an application for Medicare enrollment.
When You Should Sign Up
The best time for Enrollment into AARP Medicare Supplement Plans 2018 is during a time known as Open Enrollment. This happens once every year, and the dates for Open Enrollment may change slightly from one year to the next. They typically fall near the end of the year, from November to December.
During this time, you are entitled to sign up for any Medicare plan you like. If this is your first time signing up, then you are guaranteed to be approved for whatever plan you apply for, as long as you meet the basic requirements. You are also guaranteed the best possible rate, regardless of your preexisting medical conditions. The insurance company that sells you the plan cannot charge you extra just because you have a high risk medical condition. Your conditions don’t factor into the rates.
There is no better time to sign up for Medicare plans, and there may not be another time that many insurance companies offer their plans. Once you sign up for a plan during Open Enrollment, then the plan will take effect the following year, on January 1st. So, Open Enrollment for 2018 ends near the end of 2017.
Should You Enroll?
If you are a senior, then you probably qualify already for Medicare, but do you need the coverage it provides? Most seniors do. You should take time to look at your medical needs and what you are paying for healthcare now. Compare that to what a Medicare plan would provide for you and see how much difference there is in the price. Remember that you are often paying for coverage you may not need at the moment but that could come in handy in an emergency. You will likely always have a little insurance you are not using all the time, but that can provide a cushion for you and give you peace of mind about unexpected medical needs you may have throughout the year.
Look at the many different plans available and compare the costs to find the best deal. If you are getting Original Medicare, then you have to go through Medicare directly to buy the plan. For Part C or Part D of Medicare, along with Medicare Supplements, you have to go to private insurance companies to get the plan you want. Each private insurance company charges their own prices for the plans, so be sure to compare them and make sure you are not paying more than you need to for identical coverage.
Enrollment into AARP Medicare Supplement Plans 2018 is open to any senior aged 65 or older, and if you are having trouble meeting your financial obligations or you think you could save money with some medical insurance, then take a look at the plans. Just see what they have to offer and consider enrolling to save yourself money and to give yourself peace of mind about your healthcare.