3- Reasons why you need Medicare Insurance

Congratulations on your 65th birthday. This is an achievement you should be proud and thankful for. Wisdom comes with age, being 65 years of age you must be in the realm of your career or you have actually retired from active day to day activities. You are looking for a happy and fulfilling retirement at this age.

One thing that should be of concern to you is your health. It is no doubt that you need to be healthy to enjoy life. Fortunately, you can now enroll in Medicare plan which is free to join if you are a beneficiary of a security pension funds.

Medicare Part A caters for inpatient costs and you need part B to enjoy Part A benefits. Although it is optional to enroll for Part B, I will tell you why you need to enroll in Part B which is also called Medicare insurance.

Here are reasons why you need Medicare Insurance

Part A and Part B Medicare plans are also called original Medicare plans because they are offered by the government. They go hand in hand with one another. You might not see any need to enroll in the Medicare Part B plan if you are still enjoying medical benefits from your employer.

But, here are 3-important reasons why you need to enroll in part B plan as soon as you attain 65 years old.

Original Medicare is mandatory to enroll for the rest of Medicare Plans

You may need to enroll in Medicare Part C, Part D and/ or Medicare Supplement Plans 2019 . In order to be eligible for these advanced Medicare plans you will need to have enrolled in the original Medicare. Therefore, it is best to enroll the first time you are eligible.

To avoid enrollment penalties

If you fail to enroll in original Medicare plan the first time you are eligible, you will have to pay a late enrollment penalty when you enroll later. The penalty will apply every time you use the card.

You can qualify for Extra help program

You must qualify for the original Medicare plan for you to qualify for the extra help program. Extra help program is a program that if extended to original Medicare members with low income and have difficulty paying Medicare insurance premiums.

Final word

Take time to familiarize yourself with all the Medicare parts to enable you to make a sound decision for your health. Medicare Part A is free to anyone who is a social security pension beneficiary or is a beneficiary of the railroad retirement pension fund. It is high time you enroll at this age to avoid enrollment penalties that come with late enrollment as soon as you attain age 65.