Article provided by: Medicare Health Experts – Florida Medicare Providers
Medicare is a national health insurance program for citizens 65 years of age or older that provides the means to cover all expenses that come from health costs in the latter years of life. The process of enrollment and the information provided across all media may appear confusing, but to facilitate the process, here are answers to some questions you may have.
How to apply for Medicare in Florida?
If you are eligible for any Medicare health insurance plan, then the best way to apply for Part A and Part B is during the initial enrollment period. This window begins three months before you turn 65, spans during your birthday month, and during the three months that follow. Consider that if you enroll in the month that you turn 65 and the following, Part B will take some time before covering you.
Since the Centers for Medicare & Medicaid Services (CMS) manage Medicare, you can apply from the Social Security website during the initial enrollment period. If you prefer to sign up only for Medicare and start your social security monthly benefits later, it is allowed.
If you did not apply during the initial enrollment period, there is a Medicare Advantage Open Enrollment Period between January 1st and March 31st, with coverage beginning on July 1st. There is also an Open Enrollment Period from October 15th to December 7th, with coverage beginning on January 1st. For both enrollment periods beyond the initial one, you will have to pay a higher premium for your plan.
Can I change Medicare plans later?
Yes. During the two general enrollment periods, you can switch or drop plans.
Who qualifies for Medicare in Florida?
In Florida, Medicare eligibility is for anyone age 65 or older. Those younger may qualify under specific conditions, like disabilities, Amyotrophic Lateral Sclerosis, and end-stage renal disease. Legal immigrants over 65 with at least five years of legal residency are eligible for Medicare too.
How much does Medicare cost?
It depends. Medicare Part B and D require a premium that could change based on income. For Part A, if you have worked 40 Medicare-covered quarters, then Part A is premium-free, but it is subject to deductibles and coinsurance.
How will my income be calculated?
Through your tax return from two years earlier. This information is provided to the CMS via social security.
Is Florida Medicare cheaper than other states?
Original Medicare provides coverage across all states and does not depend on a particular provider network since it’s nationwide, so it’s not cheaper in any state.
Nevertheless, Florida is popular for retirees because you can save money that would otherwise be spent on tax. The sunny state does not charge income tax, which means no charge over tax distributions from pensions or defined contribution plans. It also has no inheritance tax or estate tax. It also helps that the housing market is very cheap.
Are Medicare and Medicaid the same thing?
No. Medicaid is a free state program oriented to help low-income individuals regardless of age, while Medicare is a paid federal program. It is possible to qualify for Medicare and Medicaid, with the latter covering Part B premiums. Medicaid includes benefits that Medicare doesn’t, like vision and dental coverage.
If you have any other questions regarding your coverage, contact Medicare Health Experts to get a quote: 561-279-3804