Basics
What does Medicare Part B cover?
Doctors/Outpatient
When can someone first sign up for Medicare?
IEP
Name 3 characteristics of all Medicare Supplement Plans
No Networks, Guaranteed Renewable, Standardized
What % does OG Medicare cover?
80%
I did not sign up for Medicare when first eligible because I had group coverage. The next best time to sign up for Medicare is when?
SEP
When is the best (and easiest) time to purchase a Medicare Supplement Plan?
Open Enrollment
What is a deductible?
preset amount you have to pay FIRST
When can I sign up for Medicare using GEP. And when will my coverage start?
January - March. Coverage starts July 1
I lost my coverage due to no fault of my own. I can sign up for a Medicare Supplement using this?
GI right
What is Part C? What does it do?
Medicare Advantage. REPLACES OG Medicare
How long is IEP?
7 months. 3 months before, the month of, 3 months after.
I am starting Medicare for the first time in August and want to purchase a Medicare Supplement plan. I currently have cancer. Can I still sign up?
Yes. I am in OE and they cannot deny me coverage for any health conditions
What is the monthly Premium for Part B?
$148.50
I turn 65 on November 1st. When am I eligible for Medicare?
October 1
What is Standardization?
Each Medigap policy must offer the same benefits, no matter which insurance company sells it. Cost is the only difference from carrier to carrier.