Understanding the Medicare and the best 2020 Medicare Supplement Plans can be a bit cumbersome for the average US citizen. There are many provisions and guidelines which needs to be thoroughly studied and understood before applying to Medicare. Some people can also be confused on the process of application and are likely to make mistakes during application. However, with a little attention and background research, the customers can understand the Medicare provisions and avoid common enrollment mistakes which can cost them dearly in the long-run. Some of the most common enrollment mistakes are discussed below:
Missing the Medicare Enrollment Period
Applying for the Original Medicare at the age of 65 is very simple. If the customers are not receiving Social Security benefits before, they attain the age of 65 years, then they need to manually apply for Medicare. They get a 7-month period to enroll in the Medicare- three months before the 65th birthday, the month of 65th birthday, and three months after the 65th birthday. Many citizens miss their enrollment period and have to face difficulties later. They can also sign up for Medicare online ssa.gov/medicare
Missing to Enroll in Part B after Leaving the Job
If the citizens are covered by their employers, they do not need to enroll in the Medicare Part B during the seven-month enrollment period. However, they need to enroll into Medicare Part B within eight months of leaving their job. If they miss this period, they will have to wait till the next general enrollment period for coverage under Medicare Part B. Also, if they miss the deadline, they will have to pay a 10% penalty for lifetime.
Missing the Open Enrollment Period (OEP)
It is important that the customers apply for Medicare Supplement plans during the OEP. The OEP commences on the first day of the month when the customer turns 65 years of age or older and is enrolled in the Medicare Part B. When the customer applies for purchasing the Medigap policy during the OEP, the insurance company cannot reject the proposal as long as the customer is paying the insurance premium even if they have any pre-existing health issues. During OEP the Medigap plan is a guaranteed issue policy. If the customer misses the OEP, then they will have to undergo medical underwriting process and the insurance company can refuse to sell Medicare Supplement plans to them based on their medical history and health condition.
Choosing Plans Without their Doctors
Medicare Advantage plans restricts the customers to the network hospitals and doctors. Many customers end up choosing Medicare Advantage plans which do not include their doctor in the network of doctors and hospitals. The customers should ensure the Medicare Advantage plan covers their doctor before purchasing it.