How Long Does It Take To Get Into Flow State Under 65 Disabled Medicare

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Under 65 Disabled Medicare

There are a lot of questions that come up when you get on Medicare, let alone when you’re under 65 and disabled. The steps of things you need to do or things you know aren’t quite as clear as you’d like them to be. If you don’t register everything by the government’s deadline, you could be fined. The penalty will cost you more than you expected. Someone who is eligible for SS Disability Income has a two-year waiting period before becoming eligible for Medicare A and B. That could be a long wait if you need insurance.

If you were employed, they would offer you insurance through your job. If you had to take leave because of a qualifying disability, you would get COBRA to extend the coverage you had from your previous employer. The COBRA option can allow you to pay for health insurance for up to 18 months, and in some cases you can get 24 or 36 months, depending on the situation. This will buy you some time to transition to Medicare Disability.

If you don’t meet the premiums due to cash flow for COBRA, there may be a chance you can qualify for Medicaid. Medicaid is a health care program available through the state. They have their own set of qualification requirements. See your state’s guidelines for application. Then your health care will be a nominal cost paid by the state.

Once you’ve completed your two-year disability waiting period to qualify for Medicare coverage, you have time to do other things to stay compliant. The government requires you to have Part D coverage; D is for medicine. Original Medicare does not supply this except for hospital drugs. They give you about three to four months to buy Part D. It’s usually the month Part B starts (provided by Original Medicare) and then 90 days after that month. If you don’t sign up for Part D or the equivalent during that time frame, you’ll be penalized when you finally sign up for it. Medicare requires this to allow more people to pay to control costs for everyone.

If your state requires insurers to offer Medicare supplemental coverage to people with disabilities under the age of 65, then you are allowed to apply without taking out coverage during the same time frame. You will notice that the premium is much higher for people under 65 than if you are 65 and over. Part of that is that you’re enrolled in Medicare early because you have a disability, which means you’re more likely to have more claims. In any case, you have the opportunity to apply for a plan that must guarantee and take advantage of the lower rates without a health check. However, some states, such as Indiana, do not require insurance companies to participate in the under-65 disability market.

If you stay working and can maintain insurance through your workplace, being eligible for Medicare A and B doesn’t change anything. You can keep that coverage if you choose. You will need to provide proof of qualifying coverage either when or when you apply for Part D or qualifying coverage in the future if you ever lost that health coverage. Keep all supporting documents if required.

Some plans combine Medicare Supplements and Part D in a program called Part C or Medicare Advantage. There are pros and cons to this. You need to do your homework before jumping into a program. Many can be restrictive and probably more out of pocket during the year. However, it can be a good fit and save you money.

The transition to Medicare A and B and all the other items that go along with it can be confusing, but eventually they become clear. Taking the right steps and getting the right help can make all the difference in saving you money and time.

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