How to Sign Up for Medicare at 65 in New York
How to Sign Up for Medicare at 65 in New York
Turning 65 is a milestone, and for many New Yorkers, it’s also the time to start thinking about Medicare enrollment. Medicare provides essential health coverage for Americans aged 65 and older, as well as for younger individuals with certain disabilities. With a good supplemental insurance plan, you can even enhance that coverage to address more of your medical needs. Here’s everything you need to know to get started.
When to Enroll in NY
Medicare enrollment generally begins three months before your 65th birthday and extends for seven months total (three months before and after your birthday month, plus the month you turn 65). For example, if your birthday falls on August 1, you can start signing up as early as May 1 and as late as November.
If you’re already receiving Social Security or Railroad Retirement Board benefits, you’ll be automatically enrolled in Medicare. You’ll receive your Medicare card in the mail with Parts A and B already activated.
The Four Parts of Medicare in NY
Understanding the parts of Medicare helps you make informed choices about your healthcare. Here’s a quick overview:
- Part A – Hospital Coverage: Covers room, board, and some inpatient services during hospital stays. Part A is usually free if you or your spouse have worked for at least 10 years in the U.S.
- Part B – Outpatient Coverage: Covers doctor visits, lab work, surgeries, and medical equipment. Monthly premiums apply, and your cost will depend on your income.
- Part D – Prescription Drug Coverage: Provides a pharmacy card that allows you to purchase prescriptions at lower costs. Part D plans vary, and premiums are set by private insurers. You’ll need to choose a plan that covers your specific medications at reasonable prices.
- Part C – Medicare Advantage Plans: Offered by private companies, Part C plans combine Parts A and B, and sometimes Part D. Many Medicare Advantage plans also provide additional benefits like dental and vision coverage.
What Does Medicare Cost in New York?
While Medicare offers valuable coverage, it does come with some costs, which vary depending on the part:
- Part A is typically free for most people.
- Part B premiums depend on income. Most new enrollees can expect to pay around $121.80 per month, though those with higher incomes will pay more due to an Income Adjustment based on their tax returns from two years prior.
- Part D premiums differ based on the plan you choose, but the national average is around $34 per month. Like Part B, Part D premiums also have an Income Adjustment for higher-income earners.
Medicare Supplement Insurance (Medigap)
Medigap policies help cover expenses not fully paid by Medicare, like copayments, coinsurance, and deductibles. These plans are offered by private insurance companies and come with a monthly premium.
How to Enroll Medicare in NY
There are three main ways to enroll in Medicare:
- Visit the Medicare website: www.Medicare.gov
- Call 800-MEDICARE: For personalized assistance over the phone.
- Visit your local Social Security office: You can enroll in person if that’s easier for you.
Need some extra help? Medicare Advisors and topic experts can walk you through the process, ensuring your application is complete and submitted correctly.
Mintco Financial has been helping New Yorkers understand and enroll in Medicare for over 20 years. Our team is ready to assist you with the Medicare sign-up process, from understanding your options to finding the right plan for your needs. And the best part? It’s free to enroll with our help.
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