- Part A - hospital (no premium)
- Part B - Doctor and outpatient ($135.50 per month + high income person tax (IRMAA))
- Part C - Medicare Advantage
- Part D - Prescription Drugs (small premium) sign up not through government.
- Part G - Medicare supplement (about $100.00 per month)
- Part N - Medicare supplement (about $80.00 per month)
Part G and Part N open enrollment every six months
Mistakes happen in signing up for Part B and Part D
Step one:
Original Medicare - Part A and Part B
or
Medicare Advantage - Part C
Original Medicare Step two:
Drug coverage - Part D, choose according to what you need.
you have to pay for it.
Medicare Advantage - includes Part C. Part D just sort of comes with it.
Annual Election Period - Oct 15 to Dec 7
Medicare Advantage
- doesn't travel well.
- Allows insurance to dictate which doctors you can and cannot see.
- Allows insurance to control what treatment you may receive.
- If you switch to Medicare Advantage it can be hard to switch back to Original Medicare
Supplement plans F, G, N
Medicare does not cover long term care.
Cardinal Lessons: Medicare 101
Medicare and Social Security sign up for people turning 65
Original Medicare