seniors choosing Medicare

Why Should Seniors Consider Medicare?

While Medicare is technically optional, there are a few reasons why seniors choose to enroll in Medicare once they become eligible. Let’s go over a few of those reasons.

There are Various Plan Options

Medicare has four different parts: A, B, C, and D. Each of these parts will provide specific coverage for specific services. There are also supplemental plans available called Medigap plans if you are enrolled in both Parts A and B. These supplemental plans will range in coverage from the most basic to the most comprehensive. 

Overall, the various options available with Medicare can provide seniors with many different options to choose from so they can find a plan that works for them.

There Could Be Late Enrollment Penalties

Most people will become eligible for Medicare when they reach age 65 and will either be automatically enrolled or have to enroll during their Initial Enrollment Period, which begins three months before their 65th birthday. If you aren’t automatically enrolled and do not enroll during your Initial Enrollment Period, you could end up having to pay late enrollment penalties for delaying your enrollment.

You Can Have Medicare With Other Health Insurance

Even if you already have current health insurance, you can still enroll in Medicare once you become eligible. For example, if you happen to still be employed and have health insurance through your employer, you can still go ahead and enroll in Medicare as this will increase the amount of coverage you have.

This can also stand true if you have coverage through the VA. With just VA coverage, you will be restricted to only getting your care from a VA facility. With Medicare, this will increase your options to receive care from anyone who accepts Medicare.

Have Questions? Give Us a Call

If you’re nearing age 65 and are trying to understand the health insurance options available to you, reach out to Medicare Sharks today. We can help you compare your Medicare options.