Do you want to learn how to make the most of your Medicare coverage while saving money?
Read these tips and apply them now to help you get more bang for your buck while enjoying premium coverage.
Avoid penalties during your Initial Enrolment Period (IEP) by signing for Medicare Parts A, B, D at once.
If you want to stagger your enrollment over time, check in with your health insurance provider to make sure that they’ll be able to provide you with primary and drug coverage in the interim.
If you’re unsure about anything, don’t hesitate to contact your insurance plan.
Find out which option works best between Original Medicare and Advantage Medicare.
Also, ask your primary care provider if they accept the type of insurance that you have, whether or not they require an in-network doctor or if they take an assignment.
Let them know what your care needs are, including a list of the drugs, therapy services, and doctors that you need so that they can pair you up with a plan that has all the right benefits.
MediGap is designed to cover coinsurance and copay for those who have Original Medicare.
Make sure your supplemental insurance is going to actually make a dent in reducing your healthcare costs before you make a final decision.
Your plan should also cover all of the doctor-prescribed medications and treatments that you need, in the same fashion as the Mutual of Omaha Medicare Supplement Plan G.
If your doctor recommends a surgery that you’re not sure about, don’t be afraid to get a second opinion and take note of all the advice that you get as well as the medical charges and appointment dates.
This notebook should be backed up as an online file so that you always have access and proof of your personal health information.
A lot of insurance providers are willing to provide secondary benefits for Medicare beneficiaries including retiree insurance, small employer insurance, and of course, Medicaid. Your healthcare needs will determine whether or not it’s prudent for you to keep other insurances.
Find out if you’re able to make the transition to Medicare from other insurances to avoid things like late enrollment and coverage gaps.
Fall Open Enrollment happens each year and during this time, it’s crucial for your insurance provider to inform you in advance if they plan to enact any changes.
That way, you have an opportunity to make any necessary changes to your Medicare coverage. If necessary, consider other plans if the one you’re currently on no longer caters to your needs.
The most important thing is to be prepared for any new service or drug restrictions that might affect you.
Preventative care includes screenings that are covered by your Medicare which can help in early diagnosis which often improves your chances of getting appropriate treatment in time.
You should never give anyone your Medicare data or Social Security information over the phone, as you could end up a victim of billing fraud.
This information should only ever be shared with your health care provider in person.