Costly Mistakes When Enrolling In Medigap

There are many mistakes that can be made when enrolling as a first time Medicare participant.  The instructions aren’t always so clear on exactly what is provided, what needs to be covered out of pocket by the enrollee, and how to find the coverage that is needed.    It is important that when participants come of age to be enrolled in Medicare they seek out advice from a Medicare Supplemental Insurance Broker to help them with the ins and outs of Medicare Plan A and Plan B along with helping compare the coverage of Supplemental Insurance.  A broker can help to make sure that participants don’t make costly mistakes and ensure that in the end they have the coverage they need for their unique situation.

Common Mistakes Made with Medicare

Often it is assumed that you are automatically enrolled in Medicare when you turn 65.  This is not the case however unless you are already enrolled on Social Security before you turn 65.  If you are not it is important that you begin the Medicare enrollment process at least three months before you turn 65.  This will help to ensure that you get the coverage you need when you need it.

Another mistake people make is to assume because all the paperwork has been completed with the Social Security office that your Medicare enrollment is all set.  Never assume that you are covered under Medicare until you know for sure that your paperwork is processed, and you see that you are showing up in the system. If you don’t you make sure that your coverage is in place you may find yourself without Medicare coverage.  When errors are not caught you can find yourself without insurance and paying a penalty to get your coverage instated.

Another misconception is that you need to be enrolled in both Medicare Part A and Part B.  This is not the case when you are continuing your employer-sponsored health plan.  If you are enrolled in outside health insurance coverage, then you can put off enrolling in Medicare Part B.

Participants are often confused about when they need to enroll in Medicare Supplemental Plans.  Know that Medigap Insurance is guaranteed to Medicare Part A and Part B enrollees, guaranteed coverage, without penalty for the entire 6-month period after you have enrolled in Medicare Part B.  After this period is complete you no longer have guaranteed coverage.  Therefore, we say if you are enrolled in an employer plan you delay enrollment in Medicare Part B until this coverage runs out.  It prolongs the time you have guaranteed to enroll in Supplemental Insurance.

To avoid making mistakes when it comes to coverage within the Medicare program your best option is to meet up with a Medicare Insurance Broker who can help you with the ins and outs of the program.

Learn more about Medicare Supplemental Insurance plans, rates and more at http://www.emedicare-supplemental-insurance.com.  Medicare Supplemental Insurance brokers will help you compare Medicare Supplemental Insurance rates and plans.  To talk to an expert in Medicare coverage toll free 877-202-9248 today!

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