Being new to Medicare can be extremely intimidating. Not knowing if, when and how to apply is confusing enough. Then you can round off the confusion with all of the annual Medicare changes.
Even if you are already enrolled, there can often be uncertainties about what is covered and what is not, especially during this global pandemic. We begin the article by highlighting the changes made to Medicare in the light of COVID-19, and then we'll learn what to know when you sign up this year.
COVID-19 and Medicare
Medicare acted quickly to ensure that all beneficiaries had the coverage they needed when they developed the coronavirus. Primarily, CMS announced that Medicare testing for COVID-1
Your doctor may be able to give you a test regarding the location where tests are to be carried out, or there are passageways There are test locations in the United States where people over the age of 65 have priority. (For information about the test sites, contact your state health agency.)
When treatment is required, any inpatient treatment falls under Part A, so those who are hospitalized are responsible for Part A deductible and any Copays for longer stays. People with a Medigap plan have coverage for Part A deductible and any additional payments accrued for up to 365 days.
Every outpatient treatment falls under part B, whereby the beneficiaries are responsible for the deductible of part B, the 20% co-insurance. People with a Medigap plan have cover for 20% co-insurance and, depending on the specific plan, can also have cover for the deductible.
For beneficiaries with Medicare Advantage, the cost sharing depends on the institution you are enrolled in when determining what you pay for in copays and coinsurance.
Additional Medicare measures for healthcare related to COVID-19 include a waiver pursuant to Section 1135 to ensure flexibility in coverage so that all beneficiaries have access to both healthcare during this pandemic Network coverage limitations as well as limitations on telehealth services. For more information, see this page that is updated when CMS publishes information and resources.
Applying for Medicare as a new beneficiary in 2020
Due to the technology, applying for Medicare is fairly easy. If you receive social security or rail pension benefits, you will automatically be enrolled in Part A and Part B. Coverage begins on the first day of the month in which you turn 65.
If you do not yet receive an old-age pension, you can register for Medicare on ssa.gov. If you plan to continue working and insuring employer groups after 65 years, it is important to know whether your Medicare benefits are considered creditworthy.
If you move Part B and Part D without credit coverage, you run the risk of being punished if you did not sign in when you were first eligible. As long as you have coverage that is considered creditworthy, you will qualify for a special registration period if you apply for Medicare later.
Most new beneficiaries still choose Part A when they are eligible for the first time. even if they have group coverage as it is usually premium free.
Medicare changes in 2020
Many changes occur with Medicare annually. Here are the most important to note.
Due to MACRA, the beneficiaries are now divided into two separate authorization areas.
- not eligible for new funding
- eligible for new funding
Persons who are not considered to be eligible for new funding can register for a primary insurance plan. Those who are considered new eligible do not qualify for a plan that is considered first dollar coverage.
For non-newly eligible:
First dollar coverage plans: Only for not newly eligible
First dollar coverage plans include plan C, plan F and plan F. with a high deductible.
First dollar cover means next to the monthly premium; You have no expenses: no additional payments, no co-insurance, no deductibles (unless it is a plan with a high deductible).
Out of the box options
Those who were eligible for Medicare prior to 2020 are eligible for Plan A, Plan B, Plan C, Plan D, Plan F, Plan F with high deductible, Plan G, Plan G with high deductible, Plan K, Plan L, plan to register M, & Plan N.
For newly entitled:
Newly entitled plan options  Those who were eligible for Medicare for the first time after 2020 can register for Plan A, Plan B, Plan D, Plan G, Plan G with a high deductible, Plan K, Plan L, Plan M and Plan N.
Runner-up Medigap Plan – Plan G
For those who are considered The plan with the most benefits for which you can sign up is the Medicare Supplement Plan G and the plan G. with a high deductible.
Medicare increases in 2020
- Part A premium increased to USD 458
- Part A deductible increased to USD 1,408
- Part B premium increased to USD 144.60
- Part B- Deductible increased to $ 198
Most beneficiaries are eligible for Part A Premium free of charge. Depending on the Medigap plan you choose, both deductibles from parts A and B can be covered.
Lindsay Engle is a Medicare expert at MedicareFAQ . She loves to share her expertise and knowledge with those who want to learn more about Medicare. Your goal is to ensure that Medicare beneficiaries have the right resources to learn about all of their Medicare options.