How to Enroll in Our Medicare Plans

Posted by:  :  Category: Medicare

Aetna is the brand name for insurance products issued by the subsidiary insurance companies controlled by Aetna, Inc. The Medicare Supplement Insurance plans are insured by Aetna Health and Life insurance Company, Aetna Life Insurance Company, American Continental Insurance Company or Continental Life Insurance Company of Brentwood, Tennessee, all Aetna Companies. Not connected with or endorsed by the U.S. Government or the Federal Medicare Program.
Source: aetnamedicare.com

Should You Enroll in Medicare if You're Still Working?

If she enrolled in Medicare Part B, she would forfeit her prescription drug benefit with her employer plan. That means she would have to enroll in Medicare Part D, one for the coverage, and two, because not enrolling on time would result in a late enrollment penalty. Medicare D premiums vary widely depending on your state and the amount of protection you want. You should always check to see if your prescriptions are covered before settling on a plan. I have seen situations where employer health plans had certain expensive drugs in their formulary, but not a single Medicare D plan had coverage for them. (For related reading, see: Understanding Medicare Part D Risks.)
Source: investopedia.com

Turning 65? When To Enroll In Medicare

How do you enroll in Medicare? You will be automatically enrolled in Medicare Part A (hospital and other inpatient coverage) and Part B (doctor, medical and other outpatient coverage) if you are signed up for Social Security. You will not need to pay a Medicare Part A premium if you or your spouse has worked and paid into Medicare for at least 10 years. You will need to pay a Part B premium unless you are eligible for extra help because your income is low. Otherwise, what you pay for Part B will vary based upon your income. And, this premium is projected to rise significantly in 2017. Be aware that some commercial insurers, such as Aetna, Humana and UnitedHealthcare, in some areas are automatically enrolling members who become eligible for Medicare into their Medicare Advantage health plans, without people knowing it. And, these Medicare Advantage plans generally have very different provider networks, benefits and out-of-pocket costs from what you get through your employer health plans. You should understand the differences between traditional Medicare and Medicare Advantage plans and call Medicare at 800-633-4227 to make sure Medicare knows which plan you are choosing. If you’d like prescription drug coverage, you can enroll in a Medicare Part D prescription drug plan. There are many to choose from. And, if your income is low, you may be eligible for help paying the cost of this coverage. Keep in mind that you will have health care costs even with Medicare. Medicare does not cover dental or vision care, nor does it cover hearing aids. It also does not cover custodial nursing home care or other long term services and supports, which can cost a lot as you age. Traditional Medicare has deductibles and coinsurance that you can budget for if you buy Medicare supplemental insurance (“Medigap”), which fills all these gaps. Medicare Advantage plans, health plans offered by commercial insurers that offer Medicare benefits, also have copays and deductibles and generally limit coverage to a network of doctors and hospitals. Your out-of-pocket costs for in-network care is capped at $6,700, but your costs are unlimited if you go out of network. Most people opt for traditional Medicare.
Source: huffingtonpost.com

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