News From Terre Haute, Indiana

Business

February 17, 2013

SOCIAL SECURITY: Be in the know about Medicare Part B

TERRE HAUTE — You may already know that Medicare is a medical insurance program for people who are 65 or older and for people who are disabled at any age. Some people are covered only by one type of Medicare; others opt to pay extra for more coverage. Understanding Medicare can save you money.

If you’re eligible for and want to be covered by Medicare Part B medical insurance, now is the time to sign up. The general enrollment period for Medicare Part B runs from Jan. 1 through March 31. Before you make a decision about general enrollment, here is some useful information.

There are four parts to Medicare: Parts A, B, C and D. Part A helps pay for inpatient hospital care, skilled nursing care, hospice care, and other services. Part B helps pay for doctors’ fees, outpatient hospital visits, and other medical services and supplies not covered by Part A. Part C allows you to choose to receive all of your health care services through a managed health care organization. These plans, known as Medicare Advantage Plans, may help lower your costs of receiving medical services, or you may get extra benefits for an additional monthly fee. You must have both Parts A and B to enroll in Part C. And Part D is the Medicare Prescription Drug Program.

There is a monthly premium for Medicare Part B. In 2013, the standard premium is $104.90. Some high-income individuals pay more than the standard premium. Your Part B premium also can be higher if you do not enroll during your initial enrollment period, or when you first become eligible.

There are exceptions to this rule. For example, you can delay your Medicare Part B enrollment without having to pay higher premiums if you are covered under a group health plan based on your own current employment or the current employment of any family member. If this situation applies to you, you have a “special enrollment period” in which to sign up for Medicare Part B, without paying the premium surcharge for late enrollment. This rule allows you to:

n Enroll in Medicare Part B at any time while you are covered under a group health plan based on your own current employment or the current employment of any family member; or

n Enroll in Medicare Part B during the eight month period that begins following the last month your group health coverage ends, or following the month employment ends, whichever comes first.

If you receive disability benefits and have coverage from a working family member, the same rules apply.

If you live in one of the 50 states or Washington D.C. and you’re already receiving Social Security retirement or disability benefits or railroad retirement payments, you will be enrolled in Medicare Parts A and B automatically. However, because you must pay a premium for Part B coverage, you have the option of turning it down.

If you don’t enroll in Medicare Part B when you first become eligible to apply and you don’t fall under the special enrollment period, you’ll have to wait until the general enrollment period, which is January 1 through March 31 of each year. At that time, you may have to pay a higher Medicare Part B premium.

For more information about Medicare, visit the Centers for Medicare & Medicaid Services website at www.medicare.gov, read our publication on Medicare at www.socialsecurity.

gov/pubs/10043.html, or call 1-800-633-4227.

Brian L. Hewitt is district manager at the Social Security Administration office at 222 Cherry St. in Terre Haute.1

1
Text Only | Photo Reprints
Business
Latest News
TribStar.com Poll
AP Video
NASA Showcases Lunar Eclipse Ukraine: Military Recaptures Eastern Airport Pistorius Cries During Final Cross-Examination Raw: Kan. Shooting Suspect Faces Judge Raw: Storm Topples RVs Near Miss. Gulf Coast Tributes Mark Boston Bombing Anniversary Raw: Horse Jumping Inspires 'Bunny Hop' Police: Woman Stored Dead Babies in Garage India's Transgenders Celebrate Historic Ruling US Supports Ukraine's Efforts to Calm Tensions First Women Move to Army Platoon Artillery Jobs Michael Phelps Set to Come Out of Retirement New Tactic Deployed in Search for Plane The Boston Marathon Bombing: One Year Later Suspect in Kansas Shootings Faces Murder Charges Sex Offenders Charged in Serial Killings Scott Brown Announces Run for U.S. Senate in N.H Popular Science Honors Year's Top Inventions OC Serial Murder Suspects May Have More Victims Raw: Fatal Ferry Boat Accident
NDN Video
8-year-old Boy Gets His Wish: Fly Like Iron Man Toddler climbs into vending machine Much-Anticipated 'Gone Girl' Trailer Finally Debuts! (VIDEO) Dog and Toddler Wear Matching Outfits in Adorable Photo Series VP Biden: "World witnesses ordinary citizens doing extraordinary things" It's Official! Michael Strahan Joins "GMA" Blood Moon Time-lapse Actress Lake Bell Goes Topless The Five Weirdest Local Taxes in America Applicants Vying for 'World's Toughest Job' Get Heartwarming Surprise Awkward: Crist catches Lt. Gov. insulting him on camera NASA Showcases Lunar Eclipse US Airways Tweets Graphic Photo of Nude Woman Behind the scenes of the Marathon anniversary photo shoot American Airlines Responds After Girl Tweets Alleged Terror Threat 'Joke' Charlie White's "Dancing" Mistake Olympic Great & Baltimore Native Michael Phelps Ends Retirement; Eyes Rio 2014 NFL Draft: Potential Booms And Busts William and Kate Squash Baby No. 2 Rumors With a Wine-Tasting Trip Who Showed Up at Coachella?
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
  • -

     

    March 12, 2010

activity