Medicare Prepping
This is the age when you become eligible for Medicare benefits.
What is 65?
The three H's that Medicare Part A covers.
What is Hospital, Hospice & Home Health services.
The U.S. Treasury Department monitors a “pot of gold," AKA the Hospital Insurance Trust Fund and the Supplementary Medical Insurance Trust Fund.
What is Medicare Part A & Part B Health Insurance.
When a patient is eligible for Medicare due to Age and is covered under an Employer plan (EGHP), this is how many employees there must be for that EGHP to be primary.
What is 20?
Once you reach age 65, this eligibility reason is no longer valid.
What is disability?
A commonly known tax paid by every employee into a social insurance program. Typically seen deducted on your pay stub.
What is the Medicare tax?
If you need home health care, chiropractic or a visit with your doctor, the service provider will bill this Medicare part.
What is Medicare Part B?
Annually, a Medicare beneficiary will be responsible for an initial out of pocket cost for Part B. This cost is commonly referred to as?
What is the Medicare Part B deductible.
2025 Part B deductible is $257.
When a patient is eligible for Medicare due to ESRD and has an EGHP, this is the length of the coordination period that determines what insurance is primary.
What is 30 months?
Throughout the U.S., a team of dedicated volunteers provide free, personalized health insurance counseling to those eligible for Medicare. What is the name of the organization?
What is a SHIP?
(State Health Insurance Assistance Program)
If you do this in your lifetime, you will not have to pay a monthly premium for Part A Medicare Health Insurance.
What is work 40 quarters?
Part C also known as Medicare Advantage plans, are required to have the same coverage as Original Medicare. You can enroll in this plan type by contacting Medicare, HICAP or this entity!
What is the Private Insurance companies?
When a Medicare patient is dually eligible it means they also have this coverage.
What is Medicaid (Medi-Cal in CA)?
These are the benefits offered to former federal employees/annuitants.
What is FEHB?
Federal Employee Health Benefits.
You will contact this organization to activate your Medicare Part A & Part B.
Who is the Social Security Administration (SSA)?
The insurance used by U.S. citizens at least 65 years of age OR someone that is younger than 65 years of age and diagnosed with ESRD, ALS or receiving Social Security Disability Insurance.
What is Medicare?
You might use this Medicare part when visiting a pharmacy to fill a prescription.
What is Medicare Part C or Part D Prescription Coverage
This type of optional coverage will cost you a monthly premium ($60-$400) but will help bridge a gap for Medicare costs.
What is a Medigap or Medicare Supplement Plan?
You may qualify for this if your permanent residence changes.
What is a Special Enrollment Period (SEP)?
To find out if the test, service/procedure or item is covered by your health insurance, you may want to visit this website.
What is Medicare.gov?
Medicare is overseen by this agency.
What is CMS?
Center for Medicare & Medicaid Services
If you enrolled in this part, it may offer extra benefits like dental, vision, OTC, etc...
What is a Medicare Advantage (MA) plan?
A Medicare beneficiary can avoid this if they enroll in the different parts of Medicare in a timely fashion.
What is a penalty?
Every quarter you review your Medicare Summary Notice (MSN) or Explanation of Benefit (EOB) to ensure the services you received are properly billed. Your latest summary reflects an X-ray is being charged but you do not recall having this done at your last doctor visit. You may be a victim of this.
What is Medicare fraud!
These are three ways to qualify for Medicare benefits.
What is Age, Disability and ESRD?