Medicare Health Plans

There’s a lot to consider as you begin looking at Medicare options: What’s the Medicare age? What does Medicare cover? How do I choose a Medicare plan? Dion Jayakoddy Retirement & Insurance makes it simple and possible. We provides access to the carriers you need in order to make an informed decision from every available Medicare option.

When can you sign up for Medicare?

For most people, signing up for Medicare starts around your 65th birthday. This is called your Enrollment Period (IEP). It starts three months before your birthday, includes your birthday month and ends three months after your birthday.

 

During your IEP, you’re eligible to enroll in Medicare. If you miss your IEP, don’t worry – you can still sign up later. But you may face penalties for enrolling late.

What are the different parts that help cover specific services?

Medicare Part A (Hospital Insurance) - Part A helps cover inpatient care in hospitals, including critical access hospitals, and skilled nursing facilities (not custodial or long-term care). It also helps cover hospice care and some home health care. Beneficiaries must meet certain conditions to get these benefits. Most people don't pay a premium for Part A because they or a spouse already paid for it through their payroll taxes while working.

Medicare Part B (Medical Insurance) - Part B helps cover doctors' services and outpatient care. It also covers some other medical services that Part A doesn't cover, such as some of the services of physical and occupational therapists, and some home health care. Part B helps pay for these covered services and supplies when they are medically necessary. Most people pay a monthly premium for Part B.

Medicare Part D (Prescription Drug Coverage) - Medicare prescription drug coverage is available to everyone with Medicare. To get Medicare prescription drug coverage, people must join a plan approved by Medicare that offers Medicare drug coverage. Most people pay a monthly premium for Part D.

How do to find the best Medicare plan?

To help you decide on a plan, you may want to think about:

  • How many times you visit the doctor each year

  • Whether you see a specialist

  • How many medications you take

  • The total amount of out-of-pocket costs you’re comfortable paying each year

 

At Dion Jayakoddy Retirement & Insurance, we will help you to get started exploring our plans. We are here to help you find the right fit and provide clarity for your Medicare plan. Call us with any questions and to get started today.