The Medicare Open Enrollment Period is also known as the Annual Election Period (AEP) for Medicare health and prescription drug plans. It’s also called the Fall Open Enrollment Period. This time period happens only once a year. If you miss the Medicare Open Enrollment Period, here’s what it means and what you might be able to do. Medicare Open Enrollment: …
New to Medicare? Follow this Checklist!
#1 – Start your research early – about three month before you turn 65 This is your time to read up on Medicare Parts A, B, C and D to familiarize yourself with the basics. You first need to know what Medicare itself covers and doesn’t cover before you can decide whether a Medigap (Medicare Supplement) plan makes sense for you, or …
I’m Turning 65, do I Need a Medicare Supplement Plan?
First, let’s answer the question, what is a Medicare Supplement (Medigap) plan. Original Medicare (Part A and Part B) is the basic Medicare benefit package granted to eligible individuals when they turn 65 or enter their 25th month of receiving disability benefits. Original Medicare provides broad coverage of many hospital and medical expenses. But Medicare comes with out-of-pocket costs such …