What is Medicare?
Medicare is the federal health insurance program, and it was created in 1965. This program was created to cover older Americans (those 65 years or older.) In addition, some folks with medical conditions or disabilities can get coverage from Medicare.
Most people will join Medicare when they turn 65 years old. In order to be eligible, most Americans will have to have worked for a minimum of 10 years. If you still have employer coverage when you turn 65, you will likely enroll in Medicare when you retire.
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Medicare Part B- Late Enrollment Penalty:
This Is a lifetime payment penalty that is attached to your Part B monthly premium. Your Part B late enrollment penalty is based on a (10%) calculation that considers the number of full to 12-month periods you could have enrolled in Medicare Part B but did not when you were initailly eligible or did not enroll in Medicare Part B before the designated deadline expired.
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Part D- (Prescription Coverage) Late Enrollment Penalty:
The late enrollment penalty (if applicable) is a calculated percentage amount based on the total months that you went without credible prescription drug coverage, and is a penalty that iincreses annlually and is permanently added to your Medicare drug coverage (Part D) premium.or billed seperately.
Medicare Part B- Late Enrollment Penalty:
This Is a lifetime payment penalty that is attached to your Part B monthly premium. Your Part B late enrollment penalty is based on a (10%) calculation that considers the number of full to 12-month periods you could have enrolled in Medicare Part B but did not when you were initailly eligible or did not enroll in Medicare Part B before the designated deadline expired.
​
Part D- (Prescription Coverage) Late Enrollment Penalty:
The late enrollment penalty (if applicable) is a calculated percentage amount based on the total months that you went without credible prescription drug coverage, and is a penalty that iincreses annlually and is permanently added to your Medicare drug coverage (Part D) premium.or billed seperately.
Medicare Part B- Late Enrollment Penalty:
This Is a lifetime payment penalty that is attached to your Part B monthly premium. Your Part B late enrollment penalty is based on a (10%) calculation that considers the number of full to 12-month periods you could have enrolled in Medicare Part B but did not when you were initailly eligible or did not enroll in Medicare Part B before the designated deadline expired.
​
Part D- (Prescription Coverage) Late Enrollment Penalty:
The late enrollment penalty (if applicable) is a calculated percentage amount based on the total months that you went without credible prescription drug coverage, and is a penalty that iincreses annlually and is permanently added to your Medicare drug coverage (Part D) premium.or billed seperately.
Medicare Initial Enrollment Period: (IEP)
The new to Medicare, Initial Enrollment Period (IEP) is a 7-month period that begins three months before your 65th birthday, your birthday month and three months after, or,in the case of a disability recepient Medicare eligibility begins three months before your 24th month of receiving disability payments. Iand includes,the 3 months after to be eligible for your Medicare Parrt A & Part B Insurance Card.
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Medicare Annual Enrollment Period: (AEP)
This is the time of the year, that takes place from October 15th - December 7th of each year. For those who are enrolled into a Medicare Advantage plan, you have the opiton to review and compare your current benefits. AEP also allows you change your Medicare Advantage and Prescription Drug plan without being denied an enrollment into a new plan.Changes made during this period are effective January 1st of the following year.
Medicare Initial Enrollment Period: (IEP)
The new to Medicare, Initial Enrollment Period (IEP) is a 7-month period that begins three months before your 65th birthday, your birthday month and three months after, or,in the case of a disability recepient Medicare eligibility begins three months before your 24th month of receiving disability payments. Iand includes,the 3 months after to be eligible for your Medicare Parrt A & Part B Insurance Card.
​
Medicare Annual Enrollment Period: (AEP)
This is the time of the year, that takes place from October 15th - December 7th of each year. For those who are enrolled into a Medicare Advantage plan, you have the opiton to review and compare your current benefits. AEP also allows you change your Medicare Advantage and Prescription Drug plan without being denied an enrollment into a new plan.Changes made during this period are effective January 1st of the following year.
Medicare Initial Enrollment Period: (IEP)
The new to Medicare, Initial Enrollment Period (IEP) is a 7-month period that begins three months before your 65th birthday, your birthday month and three months after, or,in the case of a disability recepient Medicare eligibility begins three months before your 24th month of receiving disability payments. Iand includes,the 3 months after to be eligible for your Medicare Parrt A & Part B Insurance Card.
​
Medicare Annual Enrollment Period: (AEP)
This is the time of the year, that takes place from October 15th - December 7th of each year. For those who are enrolled into a Medicare Advantage plan, you have the opiton to review and compare your current benefits. AEP also allows you change your Medicare Advantage and Prescription Drug plan without being denied an enrollment into a new plan.Changes made during this period are effective January 1st of the following year.
Most people, in fact, will have to pay some premiums for their Medicare coverage. The premiums (or lack of) is different between Part A, B, C, and D. It really comes down to your individual situation.
You probably want to plan ahead – that means you are ahead of the game!
If really want to drill down and figure out your Medicare, we are happy to help you. In fact, in one 30-min Medicare Consultation phone call (free), you can be on your way to enrolling yourself in Medicare and knowing exactly how much it will cost you.
Most people, in fact, will have to pay some premiums for their Medicare coverage. The premiums (or lack of) is different between Part A, B, C, and D. It really comes down to your individual situation.
You probably want to plan ahead – that means you are ahead of the game!
If really want to drill down and figure out your Medicare, we are happy to help you. In fact, in one 30-min Medicare Consultation phone call (free), you can be on your way to enrolling yourself in Medicare and knowing exactly how much it will cost you.
Most people, in fact, will have to pay some premiums for their Medicare coverage. The premiums (or lack of) is different between Part A, B, C, and D. It really comes down to your individual situation.
You probably want to plan ahead – that means you are ahead of the game!
If really want to drill down and figure out your Medicare, we are happy to help you. In fact, in one 30-min Medicare Consultation phone call (free), you can be on your way to enrolling yourself in Medicare and knowing exactly how much it will cost you.
Our Solution
Turning 65 or new to Medicare? At Delington Financial and Insurance Services, our team of annually trained and certified Medicare Insurance Brokers is here to help.
We specialize in simplifying Medicare for Californians, offering:
- Sustainable, Cost-Effective Solutions: We work with you to find Medicare plans (Medicare Advantage, Medicare Supplement, or Prescription Drug) that fit your budget and healthcare needs.
- Value-Added Guidance: We go beyond basic plan details, providing personalized advice and support throughout your Medicare journey.
- Expertise in All Medicare Options: Whether you're exploring Medicare Advantage, Supplements, Prescription Drug plans, or Medi-Cal (Share of Cost), we have the knowledge to guide you.
- Staying Up-to-Date: With constant changes in Medicare benefits, you can trust our team to stay informed and answer your questions about Medicare Part C, Advantage plans, Supplements, Prescription Drug options, and Medi-Cal.
- Exceptional Lifetime Service: We are committed to providing exceptional service throughout your Medicare journey, going "above and beyond" to ensure you get the most out of your plan.
Don't navigate Medicare alone. Contact Delington today for a free consultation!
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