Frequently Asked Questions
Welcome to our FAQs page, your go-to resource for all things related to Medicare insurance services. Here, we address common questions and concerns, providing clarity and guidance to help you make informed decisions about your healthcare coverage options. Whether you’re curious about eligibility requirements, plan options, or enrollment processes, our insurance team is here to empower you to navigate the complexities of Medicare.
General Questions
What is IRMAA?
IRMAA stands for income related monthly adjustment amount. Medicare looks at your modified adjusted gross income from 2 years prior. So for higher income earning people , they pay more than the Standard Medicare Part B and D premiums. Reach out to my team and we can answer your questions.
Will I get penalized if I don't sign up for Medicare when I turn 65, if I am still working?
If you have coverage through your employer or your spouses employer, you won’t incur any penalties. When you do decide to retire then you will have a Special Enrollment Period to get on Medicare and get coverage. Reach out to my team and we can help you with this transition.
When can I change my coverage?
Generally every year from October 15- December 7 is the annual enrollment period . This is the time of year to make changes to or join a Medicare Advantage plan or Part D drug plan. Medicare supplement plans can be changed at any time but usually you will have to answer health questions to be approved. Reach out to my team and we can help you.