Medicare can seem like a confusing combination of rules, regulations and deadlines. It is often necessary to employ the service of an expert in the field such as an elder law firm. There are some dates and common situations that can lead to some pitfalls. Here are a few of them.
Under 65 and on Social Security
The good news is that you will be enrolled automatically. Without doing anything, you will be enrolled into parts A and B and should receive your benefits card three months before your birthday.
You do have the right to decline Part B if you are receiving benefits from another source. No penalties to worry about here, with the exception of Medicare Part D. If you need prescription drug coverage and do not sign up before your birthday, you may be assessed a penalty on your premium.
Approaching 65 with No Retirement in Site
Working beyond the age of 65, by either choice or necessity, can make the ‘whens’ and ‘hows’ of Medicare enrollment more confusing.
The best place to start, assuming that you have coverage offered by your employer, is with your HR department. They will know the ways your benefits interact with Medicare Parts A, B and D and can help you to enroll properly without incurring penalties. Remember to start your investigation prior to your 65th birthday. You may still need to enroll.
These are two common situations you may find yourself in, and there are many more. If you find yourself with questions, consider speaking to the experts at Stano Law Firm.
