Entering into Medicare is a huge stepping-stone into retirement for millions of Americans every year. To make the most of this health insurance benefit, it’s important to understand when your coverage will actually begin. This will allow you to make a smart plan for adding one of the private options available to help you save money. In this guide to Alaska Medicare eligibility requirements for 2023 plans, we’ll spell out the eligibility and entry rules for Original Medicare and private Medicare plans.
Parts A and B are the foundation for your Medicare coverage. You must have these in place before you can add any of the monty-saving private options. So, when will you be eligible for them?
You’re likely to be able to enter Medicare when you turn 65. This is called aging into Medicare, and it’s when most people start their coverage. It is possible, however, to enter Medicare early. This happens if you meet any of these three criteria:
If any of those situations apply to you, you’ll enter Medicare, even if you’re years younger than 65.
On the other hand, you can also delay your entry into Medicare if you don’t need it at 65. For instance, if you’re still working and covered by your employer’s plan (or your spouse’s employer plan), you can delay taking Part B as long as your employer has at least 20 employees. You’ll probably have to take Part A in any case.
If you end up entering Medicare when you turn 65, you’ll have a seven month enrollment period during which you can enroll in Parts A and B. The seven month period is centered on the month you turn 65.
Once you have your Part A and Part B coverage in place, whether you enter before age 65, at age 65, or years later, you’ll get the chance to choose a private Medicare Insurance plan. People usually enroll in these plans to lower their out of pocket expenses. The private plans available include:
Your age won’t matter if you enroll in Medicare Advantage or a standalone Prescription Drug Plan. Even if you enter Medicare early, you can choose these coverages.
However, that isn’t the case for Medicare Supplement Insurance coverage. Every state in the nation has the right to determine whether you can enroll in Medigap coverage before you turn 65. In Alaska, there are no prohibitions on getting Medigap before age 65. However, since it’s not a requirement, there are very few options for people under 65, and the costs tend to be very expensive.
If you enter Medicare before age 65 in Alaska and you want Medicare Supplement Insurance, you may have to choose another option until you actually turn 65. Once you do turn 65, you’ll have the right to enroll in a Medigap plan, and there will be many more options, and the prices will be much lower.
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