New to Medicare? Things to Think About

If you’re new to Medicare, you can look forward to a number of benefits.  However, there are a variety of things to consider as you start your program. 

The first thing you should do is, if you already have insurance, look into how it works with Medicare.  For instance, if you have veterans’ benefits, military benefits, federal employee health benefits, or employer or union health coverage, you should make yourself aware of how these will work with your Medicare plan. 

You will also need to choose the Medicare health plan you want, whether it is the Original Medicare Plan or a Medicare Advantage Plan, and if you want both parts A and B.  You’ll need to decide if you want part D as well, which is your prescription drug coverage.  If you do want prescription drug coverage, you’ll need to look at your various options and choose the prescription drug plan which will best meet your needs.  In addition to your hospital, medical, and prescription coverage, you’ll need to decide if you want a Medigap Policy. 

Another important thing to do within the first 6 months of joining Medicare is to go for your “Welcome to Medicare” physical exam.  You should also talk to your doctor about what other preventive services you may need. 

Finally, you’ll need to look at the basic information you need to make the most of your Medicare policy.  Make sure you’re aware of enrollment dates, and use the password and instructions mailed to you by Medicare in order to access your personalized information online.  If you need further assistance with your Medicare, contact your State Health Insurance Assistance Program.