Medicare covers a major chunk of your expenses once you turn 65, but what is more important is the choice of plan you choose to fill in the confusing gaps. Even with so many excellent options for in home health care in the Orlando area, it is important to have a solid medicare policy. Read about the things to keep in mind to avoid common fails and some of the common mistakes you should avoid while availing Medicare if you do not want to end up paying a bundle out of your pocket.
Understand Your Coverage Options
The most common mistake a beneficiary makes when choosing a Medicare service provider is not considering the coverage option. Your choice should ideally meet your budget and the health care you are looking for and whether it fits your needs.
You Assume Your Spouse Is Covered Too
Spouses do not share the same Medicare plan and must have a policy of their own. However, one can avail of a small discount if you and your spouse opt for a plan from the same company, though every insurance provider is not legally bound to do so. It is better to ask your plan provider about discounts before you enroll.
Enroll On Time
While some persons automatically get enrolled in Medicare at the age of 65, many do not. You will only be enrolled in their Part A and Part B program if you meet the following criteria:
- You are already a beneficiary of Social Security as soon as you turn 65.
- If you are less than 65, and you have been receiving disability benefits from Social Security for the last 24 months.
- You are suffering from Amyotrophic Lateral Sclerosis disease.
In other words, if you don’t enroll timely you can end up paying penalties for a lifetime for your Part B coverage.
Will Medicare Cover Your Prescription Medications
Original Medicare offers only very limited prescription drug coverage. If you want a comprehensive coverage for all your medicines you must purchase another plan from a private insurance company. You can compare these plans in the area you stay and enroll accordingly.
Check What Is Covered
While Medicare covers a lot of services, it does not include each and every health care cost. Determine the out of pocket costs you may have to incur for the services not provided by Medicare. Another common misconception people make is that they assume services like dental, vision, hearing etc are covered, which is not true.
Read The Annual Notice Of Change
This is a very important document which is sent by mail in September each year if you are enrolled in a Medicare plan or prescription drug plan. It notifies the changes, if any, for the forthcoming year, costs and coverage included. You can then compare with the other plans on offer when the enrollment time comes and make a switch if you get a better deal.If you fail to read the notice and if there is a hefty charge included, then not only you will get a nasty shock but you will have no option but to pay up.