MB & Associates - Insurance And Financial Services

If you’re already getting benefits from Social Security or the Railroad Retirement Board (RRB), you’ll automatically get Part A and Part B starting the first day of the month you turn 65. (If your birthday is on the first day of the month, Part A and Part B starts the first day of the prior month.) If you’re under 65 and have a disability, you’ll automatically get Part A and Part B after you get disability benefits from Social Security or certain disability benefits from the RRB for 24 months. 

After you’ve signed up for Medicare Part A and/or Part B, it’s time to look at your coverage options. 

Call us for free no obligations consultation - (818) 618-6452 or email: milabrv@yahoo.com

Part D (Drug coverage) Helps cover the cost of prescription drugs (including many recommended shots or vaccines). Plans that offer Medicare drug coverage (Part D) are run by private insurance companies that follow rules set by Medicare

Your Medicare options 

When you first sign up for Medicare, and during certain times of the year, you can choose how you get your Medicare coverage. There are 2 main ways to get Medicare: 

Original Medicare • Original Medicare includes Medicare Part A (Hospital Insurance) and Part B (Medical Insurance). • You can join a separate Medicare drug plan to get Medicare drug coverage (Part D). • You can use any doctor or hospital that takes Medicare, anywhere in the U.S. 

To help pay your out-of-pocket costs in Original Medicare (like your 20% coinsurance), you can also buy supplemental coverage-Medicare Supplement Insurance (Medigap) 

Medicare Advantage (also known as Part C) • Medicare Advantage is a Medicare-approved plan from a private company that offers an alternative to Original Medicare for your health and drug coverage. These “bundled” plans include Part A, Part B, and usually Part D. In most cases, you can only use doctors who are in the plan’s network.  In many cases, you may need to get approval from your plan before it covers certain drugs or services. • Plans may have lower out-of-pocket costs than Original Medicare.  Plans may offer some extra benefits that Original Medicare doesn’t cover—like vision, hearing, dental and other services. 

Each year, it’s important to review your Medicare health and drug coverage to see if it still meets your needs, and decide if you want to make a change. You don’t need to sign up for Medicare each year, but you should still review your options.