Should I Sign Up For Medical Insurance
With our online application, you can sign up for Medicare Part A and Part B. Because you must pay a premium for Part B coverage, you can turn it down.
If youre eligible at age 65, your Initial Enrollment Period begins three months before your 65th birthday, includes the month you turn age 65, and ends three months after that birthday.
Note: Important Upcoming Change Rules for 2023 and later: If you accept the automatic enrollment in Medicare Part B or if you sign up during the first three months of your IEP, your coverage will start the month youre first eligible. Beginning January 1, 2023, if you sign up during the month you turn 65 or during the last three months of your IEP, your coverage starts the first day of the month after you sign up.
The following chart shows when your Medicare Part B becomes effective in 2022:
|In 2022, if you sign up during this month of your IEP||Your Part B Medicare coverage starts|
|One to three months before you reach age 65||The month you turn age 65.|
|The month you reach age 65||One month after the month you turn age 65.|
|One month after you reach age 65||Two months after the month of enrollment.|
|Two or three months after you reach age 65||Three months after the month of enrollment.|
The following chart shows when your Medicare Part B becomes effective in 2023:
If Your Income Has Gone Down
If your income has gone down and the change makes a difference in the income level we consider, contact us to explain that you have new information. We may make a new decision about your income-related monthly adjustment amount for the following reasons:
- You married, divorced, or became widowed.
- You or your spouse stopped working or reduced your work hours.
- You or your spouse lost income-producing property because of a disaster or other event beyond your control.
- You or your spouse experienced a scheduled cessation, termination, or reorganization of an employers pension plan.
- You or your spouse received a settlement from an employer or former employer because of the employers closure, bankruptcy, or reorganization.
If any of the above applies to you, we need to see documentation verifying the event and the reduction in your income. The documentation you provide should relate to the event and may include a death certificate, a letter from your employer about your retirement, or something similar. If you filed a federal income tax return for the year in question, you need to show us your signed copy of the return. Use Form Medicare Income-Related Monthly Adjustment Amount Life-Changing Event to report a major life-changing event. If your income has gone down, you may also use Form SSA-44 to request a reduction in your income-related monthly adjustment amount.
If You Get Ssdi Benefits And Are In A 24
- You may be able to get Medicaid coverage while you wait. You can apply 2 ways:
- Create an account or log in to complete an application. Answer âyesâ when asked if you have a disability. Weâll forward your application to your state Medicaid agency.
- Apply directly to your state Medicaid agency. Select your state from the menu on this Medicaid page for contact information.
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Social Security Cheat Sheet 202: Stay On Top Of Your Benefits This New Year
Expect big benefit increases in 2023 if you’re a Social Security recipient.
The new year brings the highest cost-of-living adjustment in nearly 40 years to Social Security beneficiaries. The latest increase of 8.7% is the highest adjustment since 1981. This increase will give recipients more spending power in the coming year. Social Security beneficiaries can look forward to that new year increase beginning in January, while Supplemental Security Income recipients will get their first increased check in late December.
To help guide you through some of the ins and outs of Social Security — from when you should sign up to when you should look for your checks — CNET has created this cheat sheet, which is regularly updated so you can stay on top of the latest details.
Important Things To Know About Social Security Benefits
Now before we dive into how this may impact Medicare decisions, there are three things to keep in mind.
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How To Apply Online For Just Medicare
Are you within three months of turning age 65 or older and not ready to start your monthly Social Security benefits yet? You can use our online retirement application to sign up just for Medicare and wait to apply for your retirement or spouses benefits later. It takes less than 10 minutes, and there are no forms to sign and usually no documentation is required.
To find out what documents and information you need to apply, go to the .
Are Medicare And Social Security The Same Thing
Medicare and Social Security are not the same. In fact, the two programs are quite different. Both Medicare and Social Security help those in retirement or on disability obtain basic necessities to live a comfortable life. Medicare provides health insurance, while Social Security provides a monthly income.
Generally, to apply for Medicare, you must be at least 65 years old. However, if you are under 65 and receive Social Security Disability Income for 24 months or have a certain diagnosis, you will be eligible for Medicare.
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Apply For Benefits Online
You should apply for disability benefits as soon as you develop a disability. Follow these easy steps to apply online for disability:
- To start your application, go to our Apply for Benefits page, and read and agree to the Terms of Service. Click Next.
- On that page, review the Getting Ready section to make sure you have the information you need to apply.
- Select Start A New Application.
- We will ask a few questions about who is filling out the application.
- You will then sign in to your personal mySocial Security account, or you will be prompted to create one.
- Complete the application.
You can use the online application to apply for disability benefits if you:
- Are age 18 or older.
- Are not currently receiving benefits on your own Social Security record.
- Are unable to work because of a medical condition that is expected to last at least 12 months or result in death.
- Have not been denied for disability in the last 60 days.
Note: If your application was recently denied, our application is a starting point to request a review of the determination we made.
You may be able to file online for SSI at the same time that you file for SSDI benefits. Once you complete the online process described above, a Social Security representative will contact you if we need additional information.
Government Benefits For Seniors Over 65
Whether its government benefits or financial assistance, finding the right benefits for senior citizens is challenging, especially with the influx of confusing information out there.
In this short guide, well discuss all you need to know about government benefits and list the available benefits for seniors in the United States.
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If You Disagree With Our Decision
If you disagree with the decision we made about your income-related monthly adjustment amounts, you have the right to appeal. The fastest and easiest way to file an appeal of your decision is online. You can file online and provide documents electronically to support your appeal. You can file an appeal online even if you live outside of the United States.
You may also request an appeal in writing by completing a Request for Reconsideration , or contact your local Social Security office. You can use the appeal form online, or request a copy through our toll-free number at 1-800-772-1213 . You dont need to file an appeal if youre requesting a new decision because you experienced one of the events listed and, it made your income go down, or if youve shown us the information we used is wrong.
If you disagree with the MAGI amount we received from the IRS, you must correct the information with the IRS. If we determine you must pay a higher amount for Medicare prescription drug coverage, and you dont have this coverage, you must call the Centers for Medicare & Medicaid Services to make a correction at 1-800-MEDICARE . We receive the information about your prescription drug coverage from CMS.
What Are The Differences Between Medicare And Social Security
When you retire or go on disability, you receive a Social Security Income or Social Security Disability Income check each month if you qualify. The Social Security Administration will determine Medicare eligibility and handle some of Medicares administrative work, like enrollment.
While these programs serve different purposes, both programs are funded through payroll taxes, provide benefits to those eligible, and help people with certain disabilities. Although they are different programs, the National Committee to preserve Social Security and Medicare help to protect both programs.
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To Qualify For Medicare You Need To Get Disability Benefits From:
- Social Security
- Railroad Retirement Board
If you or your spouse worked for a railroad, call the Railroad Retirement Board at 1-877-772-5772.
If you live in Puerto Rico or outside the U.S.
Medicare Enrollment Can Be Impacted By Social Security Benefits
Depending on your situation, you with either need to enroll in Medicare at age 65 or you may be able to delay. If you continue to work past age 65 and have creditable employer coverage , you can likely delay enrolling in Medicare until you lose that employer coverage. In most cases, people turning 65 will need to get Medicare during their 7-month Initial Enrollment Period to avoid financial penalties for enrolling late. Your IEP begins 3 months before the month of your 65th birthday and ends 3 months after.
Social Security benefits fit in the Medicare enrollment journey in one special way. If you are receiving either Social Security benefits for retirement or for disability, or Railroad Retirement Board benefits, you will be automatically enrolled in Medicare Part A and Part B when you first become eligible.
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Medicare Part B Premiums
Beneficiaries enrolled in Medicare Part B must pay premiums .35 By law, individuals receiving Social Security benefits have their Medicare Part B premiums automatically deducted from their benefit checks.36 In 2017, approximately 75% of Medicare Part B enrollees had their Medicare Part B premiums deducted from their monthly Social Security benefit checks.37 Those not receiving Social Security are billed by Medicare,usually on a quarterly basis.38Individuals who are enrolled in Medicare Part B but do not receive Social Security may include individuals who are waiting to reach full retirement age and individuals who spent their careers in employment that was not covered by Social Security, including certain federal, state, and local government workers.
The standard monthly Medicare Part B premium in 2018 is $134.00. This premium applies to individuals with a modified adjusted gross income of $85,000 or less and to couples with a MAGI of $170,000 or less.42 Enrollees earning more than those respective amounts pay higher premiums based on their income, as shown in Table 1.
Table 1. Medicare Part B Premiums, 2018
Modified Adjusted Gross Income a
Notes: Each member of a couple pays the applicable premium. Lower thresholds are rounded up to the nearest dollar and upper thresholds are rounded down to the nearest dollar.
How Do I Enroll In Medicare
Administration at 1-800-772-1213 to enroll in Medicare or to ask questions about whether you are eligible. You can also visit their web site at www.socialsecurity.gov.
The Medicare.gov Web site also has a tool to help you determine if you are eligibile for Medicare and when you can enroll. It is called the Medicare Eligibility Tool.
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Create A My Social Security Account
To see all of your Social Security benefits online, you’ll first need to create a My Social Security account. Here’s what to do.
1. Go to ssa.gov on your browser and click Learn about my account next to my Social Security account.
2. Next, click Create an Account.
3. You’ll be prompted to sign in with your ID.me account or login.gov account unless you created an account before Sept. 18, 2021. Note that you’ll need to create one of those accounts if you don’t have one.
4. Once you have an account, you’ll need to agree to the terms of service to continue.
5. Next, you’ll need to verify your identity. The Social Security Administration will send a one-time security code to your email that you’ll need to enter within 10 minutes to continue to your account.
You should now have access to all of your Social Security statements and other details online.
Medicare Premiums Will Decrease
Senior citizens will also see their Medicare Part B premiums drop in 2023, the first time in more than a decade that the tab will be lower than the year before, the Centers for Medicare and Medicaid Services announced in the fall. Its only the fourth time that premiums are declining since Medicare was created in 1965.
The standard monthly premiums will be $164.90 in 2023, a decrease of $5.20 from 2022.
The reduction comes after a large spike in 2022 premiums, which raised the standard monthly premium to $170.10, up from $148.50 in 2021. A key driver of the 2022 hike was a projected jump in spending due to a costly new drug for Alzheimers disease, Aduhelm. However, since then, Aduhelms manufacturer cut the price and the Centers for Medicare and Medicaid Services limited coverage of the drug.
Also, spending was lower than projected on other Part B items and services, which resulted in much larger reserves in the Part B trust fund, allowing the agency to limit future premium increases.
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Can You Immediately Receive Medicare With Social Security
For those receiving SSDI, Medicare eligibility begins after 24 months of collecting benefits. The exception is when you have end-stage renal disease or amyotrophic lateral sclerosis you immediately qualify with either condition.
Once you receive Medicare benefits for 24 months, you must take at least Medicare Part A. If you do not, you will lose your Social Security benefits.
Those under age 65 on disability will get benefits from Medicare Part A automatically and immediately if they have Amyotrophic Lateral Sclerosis. People otherwise on disability will receive Medicare Part A benefits after 24 months of collecting SSDI. Those who plan to obtain Social Security at 65 can have the same effective date for Medicare and Social Security.
Everyones situation is unique. So, if you want to work after age 65, you could delay benefits depending on how many people work for your employer.
How Do I Apply For Supplemental Security Income
SSI is an income assistance program administered by the SSA for people who are elderly , blind, or disabled or whose income follows these guidelines: . For the most current information on SSI requirements, please call the SSA at 1-800-772-1213 or visit . You can generally expect an answer on whether you are eligible for SSI within two to six months.
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Guest View: Social Security Site Has Program Service Access
The holiday season brings us feelings of warmth and joy.
At Social Security, we want you to know we share the same joy when it comes to serving you, whether it be in person, by telephone or online. Social Security touches the lives of nearly every American.
Millions count on us retirees who worked hard their whole lives, people no longer able to work due to disability, dependents and survivors.
We make it easy for you to access our programs and services. Our website offers a convenient way to apply online for benefits. You can apply online for:
Retirement or spousal benefits: You must be at least 61 years and nine months and want your benefits to start in no more than four months. Check out our Apply for Benefits page at www.ssa.gov/retireonline for information.
Disability benefits: Our disability program pays benefits to workers and certain family members who are insured. This means that they worked long enough and recently enough and paid Social Security taxes on their earnings. Start your online application at www.ssa.gov/disabilityonline.
Supplemental Security Income: SSI provides monthly payments to adults and children with a disability or blindness, or people older than 65 who have low income and resources. Visit www.ssa.gov/benefits/ssi to begin your application online, or tell us that you want to apply or help someone else apply, and we will contact you to schedule an appointment.
Charo Boyd is Social Security public affairs specialist.