Medicare Plans in Georgetown, Kentucky
Medicare plans available to those eligible in Georgetown include Medigap, Medicare Advantage, and Part D prescription drug plans. Enrollment into any of the following plans requires eligibility for Medicare. Depending on your needs, the most comprehensive coverage offered is through a Medicare Supplement plan.
You first become eligible at age 65. Your first enrollment period for Medicare begins three months before your birth month and lasts three months after. This should not be mixed up with Medicare Annual Enrollment Period, which is window from October 15 to December 7. During open enrollment, you can reassess your coverage and make changes if needed.
If you are under the age of 65 but are enrolled in Medicare because you are receiving Social Security benefits or Railroad Retirement benefits, you will become eligible for Medicare on your 25th month of disability. Once your Part B benefits become active, that is when your seven-month window to enroll in a Medigap policy will begin.
Medigap Policies in Georgetown, Kentucky
Original Medicare’s coverage leaves “gaps” or costs that are not covered by Original Medicare. These are usually deductibles and copays, but there are other costs Medicare leaves behind. This is where your Medigap policy, also referred to as Medicare Supplement Plans, comes into play and helps cover those gaps in coverage.
Costs covered by Medigap may include:
- Coinsurance and hospital costs after Part A’s deductible
- First three pints of blood for a blood transfusion
- Hospice care
- Skilled nursing facility care
- Medicare Part A deductible
- Part B deductible
- Part B excess charges (the difference between the amount a doctor can charge and Medicare-approved amount)
- Medical costs incurred while traveling outside of the US.
Some plans put a cap on the amount of out-of-pocket costs associated with Medicare.
The best time to enroll in a supplement is during your open enrollment period. During this period, you can enroll without answering any health questions and coverage is a guaranteed issue, which means you are fully covered regardless of pre-existing conditions. You can enroll in a Medigap plan at any time after you’re enrolled in Part B. However, after your open enrollment period ends, you’ll be required to answer health questions and go through underwriting for approval.
Medicare Advantage Plans in Georgetown, Kentucky
Medicare Advantage plans must cover all the services that Medicare Part A and B covers. Additionally, Medicare Advantage often offers vision, hearing, dental, and wellness plans (like gym memberships). Some plans have other extra benefits like transportation to doctor visits, prescription drugs, adult daycare, and more. Sometimes, Medicare Advantage plans are available at no added cost to you. There are many Medicare Advantage plans available in your area.
Medicare Part D options for Georgetown, Kentucky
Medicare plans do not cover prescription drugs used at home unless you have a Part D plan with it. Each Part D plan must give a standard level of coverage set by Medicare. Plans include a list of drugs they cover, called a formulary. If any changes are made to the coverage of these drugs, the provider must send you a notice. There are many prescription drug plans available in Georgetown. If you need help finding one that covers all the medications you need, call Credille Insurance Agency today.
Under 65
If you are under the age of 65 but are enrolled in Medicare because you are receiving Social Security benefits or Railroad Retirement benefits, you will become eligible for Medicare on your 25th month of disability. Once your Part B benefits become active, that is when your seven-month window will begin. If you are under the age of 65 in Georgetown but are enrolled in Medicare, be sure to give Credille Insurance Agency a call to explore your options for coverage.