Parts A & B

 

Part ‘A’

Covers Non-Medical Hospital and Skilled Nursing Facility Costs. Part ‘A’ will be sent to you automatically upon turning 65. There is no cost for Part ‘A’.

Part ‘B’

Covers All Medical Services (Drs. and Hospitals, etc) and enrollment is voluntary. Part ‘B’ (in 2017) costs $134 per month.

Turning 65

Part ‘A’ (non-medical coverage) will be sent to you automatically when turning 65.

If you need Medical coverage, you must voluntarily enroll in Part ‘B’

Over 65 and Soon To Retire

You’ll already have your Part ‘A’ and now you need to enroll in Part ‘B’ with an effective date to coincide with your Retirement date.

If Collecting Social Security before age 65

Parts ‘A’ and ‘B’ will be sent automatically upon turning 65. Subsequently, $121.80 per month will be deducted from your Social Security check.

When you want Part ‘B’ (for medical services): Enroll 2-3 months before your desired effective date by contacting Social Security: 800-772-1213

Note

If you are enrolling in Part ‘B’ after age 65, you will need to show Social Security “evidence of prior coverage” so you will not be penalized

 

March 17th, 2017 by Senior Insurance Solutions