Ignoring Medicare Rules Costs Americans MILLIONS In Penalties

A financial penalty can occur if you don’t apply for Medicare within the allotted time frame! But when is the allotted time frame? How can you avoid that penalty? Listen to this episode of Medicare Moments now to find out!

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Medicare Q&A!

Are You Automatically Enrolled When Turning 65?

No.

The only way you automatically get your Medicare card is when you turn 65 and you are already receiving your Social Security check.

This is a huge area of confusion for a lot of people because – how would you know this?

When Do You Enroll?

If you are turning 65 and not receiving your Social Security Check, you have 3 months before your birthday, the month of your birthday, and 3 months after your birthday to enroll.

How Do You Enroll in Medicare?

You probably think you just log on to Medicare’s website and fill out a form, right?

Wrong!

Enrolling in Medicare is actually done on SocialSecurity.gov.

Medicare does not enroll you. They take care of you after you’re enrolled.

Steps to Enrolling in Medicare

Turning 65 and Receiving Your Social Security Check:

• You should receive your “Welcome to Medicare” Kit with your Medicare card 90 days prior to turning 65.
• If you aren’t working full-time with employer benefits or covered by your spouse’s employer benefits when turning 65, please do not return your Medicare card. You do NOT want to pay for Medicare Part B. This can cause you to receive the “famous Part B penalty.”

Turning 65 and NOT Receiving Your Social Security Check:

• You will NOT automatically receive your “Welcome to Medicare” kit when turning 65 with your Medicare card.
• You must enroll in Medicare Parts “A, B, and D” to keep from receiving a “late enrollment penalty (LEP).
• You must enroll in Medicare online at www.ssa.gov/medicare at least 90 days prior to turning 65 for your Medicare Parts A and B to begin the 1^st day of the month you turn 65. Go to Medicare.gov to enroll in your Medicare Part D plan.
• Do NOT wait until right before you turn 65 to enroll in Medicare. It will take time to receive your Medicare card before the 1^st day of the month you turn 65.

Turning 65 and Still Working Full-Time

Do you have Individual Health Insurance?

• Working full-time or contract labor with individual health insurance should enroll in Medicare Parts A, B, and D when turning 65 to avoid a Medicare Part B and D penalty.
• Note: Medicare does NOT recognize individual health plans as “creditable coverage.”

Do you have Qualified Employer Benefits and Work Full-Time?

• Medicare allows you to delay your Medicare Parts A and/or B if you or your spouse are working full-time with employer benefits, not retirement benefits, and you are covered by that specific employer benefits.
• IMPORTANT! “Is still working” are Medicare’s buzzwords for delaying your Medicare Part B. Please take note of that, John and others who may be in his shoes!
• To enroll in Medicare after turning 65 and having delayed Medicare Part B due to working full-time with employer benefits, complete Social Security forms CMS-L564 “Request for Employment Information” (signed by the employer or HR) and CMS-40B “Application for Enrollment in Medicare Part B.” Under “Remarks #12,” state which month you want your Medicare Part B to start. Take your forms to your specific Social Security office either in person, by fax, or by priority mail to enroll in Medicare Part B. Remember to write the words “Special Enrollment Period” across the top of each form to keep from receiving the famous Medicare Part B penalty.

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Buy Toni’s new book!

Toni’s new book Maze of Medicare is now available at www.tonisays.com. Combining Scripture with Medicare, it’s the only book of its kind. ORDER TODAY!

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