What is Medicare and who can get it?
Part A—Hospital insurance;
Part B—Medical insurance;
Part C—Medicare Advantage; and
Part D—Prescription drug coverage.
How do I sign up for Medicare?
If you already get Social Security benefits, we’ll automatically enroll you in Medicare Hospital Insurance (Part A) and Medical Insurance (Part B). We’ll mail you all the information you need a few months before you become eligible.
If you don’t get Social Security benefits and are not ready to apply for them yet, you should sign up for Medicare three months before your 65th birthday.
The easiest way to apply for Medicare is by using our online application.
Important Information about Medical Insurance (Part B) Coverage
Because you must pay a premium for Part B coverage, you can turn it down. However, if you decide to sign up for Part B later, your coverage can be delayed and you may have to pay a late enrollment penalty for as long as you have Part B coverage. Your monthly premium will go up 10 percent for each 12-month period you were eligible for Part B, but didn’t sign up for it unless you qualify for a special enrollment period.
Can I sign up for Medicare Part B if I am working and have health insurance through an employer?
In most cases, if you don’t sign up for Part B when you’re first eligible, you’ll have to pay a late enrollment penalty for as long as you have Part B.
Coverage based on current employment does not include:
COBRA (Consolidated Omnibus Budget Reconciliation Act);
Retiree health coverage;
VA (Veterans Affairs) health coverage; or
Individual health coverage (like through the Health Insurance Marketplace).
When can I enroll in private health plan coverage through the Marketplace?
The Open Enrollment period in HealthCare.gov begins November 1 and closes at the end of the day on January 15 (Pacific Time). If you plan to sign up, be sure to complete your application and select your plan before Open Enrollment ends. If you want coverage to take effect on January 1, be sure to sign up no later than December 15. If you sign up after December 15, your coverage will take effect on February 1.
Once the Open Enrollment period is over, most individuals and families will not be able to enroll in Marketplace health plans until the next Open Enrollment period. However, if you experience certain changes in circumstances during the year, you will have a special 60-day opportunity to enroll in Marketplace Health plans, outside of the Open Enrollment Period.
What is a “my Social Security” online account and how do I get one?
A personal ”my Social Security” account is an online service you can use to check your Social Security information and conduct some business. To find all the services available and how to create an account, go to our ”my Social Security” page. You can trust that your information is safe. The Privacy Act of 1974 (5 U.S.C. § 552a) requires them to protect the information they collect from you.
If this is your first time trying to access my Social Security, you must choose to sign in with a Login.gov or an ID.me account. You will be directed to Login.gov or ID.me to register for an account if you do not have one. After successfully registering for your Login.gov or ID.me account, you will be redirected to a website to read and agree to the Terms of Service. From there, you can complete the registration and access your my Social Security account.
If you are unable to create an account or encounter a problem with your personal my Social Security account, you may:
Contact your local Social Security office.
What is an HSA and how does it benefit me?
An HSA is an account that lets you set aside money on a pre-tax basis to pay for qualified medical expenses and withdrawals to pay eligible medical expenses are tax-free.
By using pre-tax dollars in an HSA to pay for deductibles, copayments, coinsurance, and other qualified expenses, including some dental, drug, and vision expenses, you can lower your overall health care costs.
You can contribute to an HSA only if you have an HSA-eligible HDHP.
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*Representatives offers products and services using the following business names: Anderson Insurance and McGreevy & Associates – insurance and financial services | Ameritas Investment Company, LLC (AIC), Member FINRA/SIPC – securities and investments | Ameritas Advisory Services (AAS) – investment advisory services. AIC and AAS are not affiliated with Anderson Insurance or McGreevy & Associates.
Products and services are limited to residents of states where the representative is registered. This is not an offer of securities in any jurisdiction, nor is it specifically directed to a resident of any jurisdiction. As with any security, request a prospectus from your representative. Read it carefully before you invest or send money. A representative will contact you to provide requested information. Representatives of AIC and AAS do not provide tax or legal advice. Please consult your tax advisor or attorney regarding your situation.
We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options.