Medicare is a federal health insurance program that provides coverage to seniors and the disabled.
But the most common question: what happens to my medicare disability when I turn 65?
Simply, when you turn 65, you become eligible for Medicare Part A (hospital insurance) and Medicare Part B (medical insurance). You can also enroll in a Medicare Advantage plan, a private health insurance plan that contracts with Medicare to provide all your benefits.
Medicare Advantage plans typically include prescription drug coverage and may offer other benefits like dental and vision coverage. Talk to your local Medicare agent/broker if you have questions about how Medicare works or your options.
How do I enroll in Medicare?
At 65 years of age, you’ll unlock access to two essential parts of Medicare – Part A and B.
But what happens to your Medicare disability coverage when you reach that age?
The good news is that it makes the transition easy. No need to worry about reapplying or having a coverage gap; if you’re already entitled to Medicare due to a disability, enrollment will simply transfer over from disability to retirement benefits.
This allows the eligible individual the assurance of continued medical care without any extra leg work.
You can keep your employer’s plan instead of enrolling in Medicare at 65
If you have health insurance through your employer when you turn 65, you may want to keep that plan instead of enrolling in Medicare at 65. It’s important to understand the differences between Medicare and private insurance when making this decision.
When you turn 65, you can sign up for Medicare 3 months before or after your 65th birthday, but be aware that enrolling late could result in higher premiums.
Additionally, if you decide to stay with your current insurance through work, it’s essential to check if they will continue coverage when you’re eligible for Medicare. If not, it’s time to consider signing up for Medicare so that you can maintain quality care when needed.
Enrolling in Medicare at 65, you’ll need to pay premiums, deductibles, and copayments
As you enroll in Medicare at the age of 65, there will be certain premiums, deductibles, and copayments that go along with your coverage. When you sign up for Medicare, you must familiarize yourself with the costs associated with using this benefit so you can plan.
Depending on how much coverage you need, your specific costs may vary. However, understanding these details before starting is essential when enrolling in Medicare.
Conclusion
So, there you have it! That’s what happens to my medicare disability when I turn 65. I will be automatically enrolled in Medicare Part A and Part B. If you are working, you may want to keep your employer’s health insurance plan instead, always consult with your local Medicare agent/broker before making any decision.
You can also sign up for a Medicare Advantage Plan or get supplemental insurance to help cover costs not covered by Medicare. Once enrolled, you’ll need to pay premiums, deductibles, and copayments for your care.
And don’t forget – you can use your Medicare card at any doctor or hospital that accepts it.
