Medicare FAQs

Medicare FAQ’s

I’m turning 65 this year and I plan to retire. When am I eligible to enroll in Medicare?

If you're retiring after 65 years old you have 60 days before and 60 days after your retirement date to enroll in Medicare.
 

Can my dependent spouse be on my Medicare plan?

Medicare does not have spousal or dependent support coverage. Medicare is individual. If your spouse has reached age eligibility (65) then they can enroll in Medicare of their own accord 90 days in advance of the month in which they turn 65 years of age.

Can I Keep My Employer Coverage?

Maybe. If the employer group has 20 eligible employees of more, and you’re going to continue to work, then yes, it’s an option but there are many factors to consider.

Do I need to enroll in “Part A” AND “Part B” of Medicare?

Part “A” is typically in place, and a paid-up benefit when you turn 65. You are not always automatically enrolled in Part B.

Can I just have “Original Medicare”A+B as my health insurance at retirement?

Yes, however you will not have prescription coverage and you will face unlimited exposure to those costs due to gaps in Original Medicare.

Can I keep all my same doctors when I’m on Medicare?

You usually can. It’s important to be sure your doctor accepts Medicare because some do not.

Does Medicare cover me if I’m in a nursing home?

Yes for up to 100 days after a required hospital stay.

Does Medicare have dental plans?

No but some advantage plans offer limited dental coverage.

I’m entitled to retiree benefits. Does that mean I won’t need Medicare?

No, a retiree plan will typically wrap up around Medicare primary benefits.

What Is Part D?

Part D is a prescription drug plan Medicare introduced in 2006.

What happens if I missed my designated enrollment window into Medicare?

In addition to having a huge gap in coverage, you will likely face a penalty from Medicare and “Part B” penalty can be 10%

What is a “Part C” Plan?

“Part C” is another name for Medicare Advantage. Also named MA, MSA, or MA-PD (when prescriptions are included).

Where do I go to get signed up for Medicare?

Online at SSA.gov or in person at a local Social Security office.

What is credible coverage?

This is a Medicare term that establishes previous coverage being at least as good as Medicare’s. Typically, it is in play for “Part D” to avoid penalty.

Should I have both a Medicare Advantage and Medicare Supplement Plan?

No