Medicare: Answering All Your Doubts

Auto Insurance is a need if you own a car, however you need to know what type of auto insurance is important to have.

Medicare is an insurance program offering services to people 65 or older, certain younger people with disabilities, and others. Medicare coverage provides different hospitalization coverage and doctor services. There are many questions about Medicare that may have crossed your mind as you’re preparing to enter this stage in life.

This article will cover the most common doubts and questions about Medicare in 2021 since you must keep yourself well-informed before making one of the most important decisions not only for you but also for your family.

Is Medicare Coverage Minimum Essential Coverage?

If Medicare covers you, then you probably have minimum essential coverage. Medicare is considered minimum essential coverage for people who are not eligible to enroll in any other form of health insurance program.

You have minimum essential coverage if you have:

  • Part A coverage.
  • Both Part A and Part B coverage.
  • Part C Medicare coverage plan.

You don’t have minimum essential coverage if:

  • You have part B by itself.

If you have only Part B and don’t have other coverage that provides hospitalization insurance, you must either pay the penalty or obtain an exemption. How much will you pay? Well, it depends on several factors, such as the number of people in your household who were uninsured, your household income, or how many months you were uninsured.

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Can I Get A Marketplace Plan Instead Of Medicare?

Normally no, but there are some situations where you can choose Marketplace coverage instead of Medicare:

  • If you’re eligible for Medicare but haven’t enrolled in it.
  • If you’re eligible for premium-free Part A but choose Marketplace coverage over it.
  • If you’re paying a premium for Part A, you can drop your Part A and Part B coverage and get a Marketplace plan.

Can I Get A Marketplace Plan In Addition To Medicare?

Getting a marketplace plan in addition to the Medicare plan is not allowed. This is the case for everyone who has Medicare insurance, even if you have only Part A or Part B Medicare.

How To Enroll In A Health Or Drug Plan With Medicare?

Medicare enrollment is done every year, and it doesn’t expire. You can enroll in Medicare at any time of the year; there’s no deadline for signing up. If you have Medicare prescription drug coverage to help pay your out-of-pocket costs, enrollment is automatic.

In order to enroll, you will need your medicare ID card and a form of photo identification. The enrollment process is either online or by phone call for people who are within the United States. If you’re outside the US, you can sign up in person at an embassy or consulate with Medicare services available.

Get Your Medicare Insurance With M&P Insurance

If you’re looking for medicare insurance in Arkansas, M&P Insurance is the perfect place to go. We specialize in medicare coverage and offer many different plans that can help your needs.

We provide Medicare insurance in Arkansas, and we can guide you through the Medicare enrollment process. Don’t hesitate and call us today to get more information!

For more information about Auto Insurance Plans, call us today at (870) 523-6771.