When an individual has attained Age 65, they become eligible for Medicare. This is a healthcare program for seniors in which the government pays healthcare providers directly for services that fall under Part A (hospital coverage) and Part B (medical coverage) of Medicare benefits. This only pays a portion of the healthcare expenses. Medicare is administered through Social Security.
Once a person is covered under Parts A and B, they are eligible to purchase Medicare Supplement Insurance. This is private health insurance designed to "fill in" the coverage gaps and deductibles that Part A and Part B leave behind.
Individuals may sign up for a Medicare Supplement Plan at any time throughout the year...but to avoid answering health questions and medical underwriting, they should enroll during the "Initial Enrollment Period" - lasting six months from when you obtain Medicare Part B. If an individual should lose insurance coverage through an employer, they may be eligible for a "Guaranteed Issue" period lasting 63 days from the time they lose coverage.
There are numerous Medicare Supplement Plans to choose and you will receive an abundance of information in the mail. We encourage you to reach out to us and compare which option works best. Give us a call at 615-371-2467 or send E-mail to Ruth@managedben.com