64 Companies Who Offer Military Discounts
Our goal is to serve our military members and that means helping you beyond your banking needs. We did a little...
Q: My 65th birthday is soon and I’m ready to apply for Medicare. What do I need to know?
A: Medicare offers affordable health care coverage to older Americans, but the application process can be confusing. We have answers to all your questions about Medicare.
What are the different kinds of Medicare coverage?
There are two government-funded parts of Medicare:
There are also two privately obtained parts of Medicare:
Both Part C and Part D have monthly premiums which vary in cost with each provider. There may also be an annual deductible.
How do I apply for Medicare?
If you’re ready to sign up for Medicare, you can apply online or in person at a Social Security office.
What do I need to know before I apply for Medicare?
Before signing up for Medicare coverage, it’s best to learn these important facts:
What if I missed my Initial Enrollment Period (IEP)?
If an applicant has missed their IEP, they’ll need to enroll during the General Enrollment Period, which runs from Jan. 1 through March 31 each year. Applicants can also make changes to their general coverage at that time.
Can I make changes to my Medicare plan?
If you’d like to make changes to your Medicare Advantage of Medicare Prescription Drug plan, you can do so during the annual Medicare Advantage open enrollment period. This year, open enrollment is Oct. 15 to Dec. 7, 2020.