Medicare is a health insurance policy provided by the Federal government to the seniors and people with certain disabilities or else with an end stage renal disease in the state of Virginia. All the senior citizens who receive social security retirement benefits by the age of 65 will be enrolled in Part A (hospital insurance) and/or Part B (medical insurance) or both by default.
For those who are not enrolled automatically, the enrollment is to be made within a specified time limit beyond which, the person has to pay penalty to avail the policy. If you have coverage for part B already and stand automatically enrolled for it, you may wish to cancel it and may have coverage for part A alone.
Any senior who receives social security benefits or else RRB benefits stands eligible and is automatically registered. But people who like to delay those benefits may have to reach their local concerned offices three months before their retirement to register for the Medicare.
It starts three months before 65th birthday of a senior and the date lasts seven months from then. People who suffer from disability become eligible to enroll from the 25th month of their disability.
Those who suffer from Lou Gehrig’s disease or else an end stage renal disease or else a kidney failure stand eligible automatically. All others who need to register may do it during the initial enrollment or else the general enrollment periods.
Those who are covered by any group insurance and lost it or else who wish to change from it may avail the special enrollment period at any part of year. For details about various enrollment periods, go through the following link.
Part C is provided by the private insurers as a backup plan and the cover extent and all other things vary according to the insurers. The annual enrollment period varies from October to December and comes into effect from Jan 1st. It is during the same time of a year one can change the coverage options.
There is also a chance to disenroll oneself from the advantage from the first of Jan. 1st to Feb. 14th of a year. If the disenrollment is not done during that period, it results in continuation of the plan and cannot disenroll unless there is a special coverage plan to cover for it.
This covers for the drugs prescribed by the clinicians and if not enrolled during the initial enrollment period, one has to pay penalty to gain eligibility for this. This is done by a private insurer or else covered under the part C. Those who disenroll during the advantage disenrollment period are also eligible for this.
This is a guaranteed policy readily available for the people with original Medicare. You are eligible to opt for this if you don’t have a Medicare advantage as it results in the cancellation of that. It helps to cover for the gaps in the health insurance that the original Medicare does not extend.