Medicare, Simplified

With every client that we serve, we try to start the Medicare conversation no later than 6 months prior to their Medicare eligibility date. Everyone that is Medicare eligible (or soon to be) that works with Move Health goes through a 1:1 session that we call Medicare 101. In that session we cover important timelines for the different parts of Medicare.

Your client should begin signing up for original Medicare (Parts A & B) three months before they turn 65. This initial enrollment period lasts for seven months, starting three months before your birthday month and ending three months after. If they miss this window, your client might have to wait for the General Enrollment Period (January 1 to March 31) and could face late enrollment penalties.

This question has some nuance - so we'll do our best to answer below, but each unique situation may differ. We always suggest connecting with a Move Health team member to discuss Medicare coverage even if someone intends to work past 65 and keep their employer coverage.

If your client is working past 65 and has health insurance through their employer, they may be able to delay enrolling in Medicare without facing penalties. If their employer has 20 or more employees, their employer’s insurance can be their primary coverage, allowing them to postpone Medicare Part B (medical insurance) until they retire or lose their employer coverage. It's important to confirm that their employer insurance is considered "creditable" for Medicare purposes to avoid any late enrollment penalties later on (don't worry, we'll ask this question!)

However, even if your client decides to delay Part B, they should consider enrolling in Medicare Part A (hospital insurance), as it is usually premium-free if they've paid Medicare taxes while working. Enrolling in Part A can provide additional hospital coverage and may coordinate with their employer’s insurance to reduce their out-of-pocket costs. Be sure they discuss their specific situation with their benefits administrator at their employer and your Health plan advisor at Move Health to make the best decision for their healthcare needs.

We cover this question in great detail as a part of our Medicare 101 session that we hold with all individuals that come to us nearing Medicare eligibility or the transition to Medicare.

Medicare has four parts: Part A covers hospital stays, skilled nursing facility care, hospice, and some home health care. Part B covers outpatient care, doctor visits, preventive services, and some home health care. Part C, or Medicare Advantage, is an all-in-one alternative to Original Medicare offered by private companies, often including additional benefits like dental and vision. Part D covers prescription drugs and is also offered through private insurers.

Yes! The Move Health Platform for advisors puts IRMAA planning tools in the hands of advisors to be able to project their client's Medicare costs in seconds with just a few variables.

The income related monthly adjusted amount is top of mind for folks that are transitioning to Medicare. We give you the resources to give your clients factual information in realtime. Beyond that, once your clients begin asking Medicare questions, we make it simple to connect your client to a dedicated team member here at Move Health to provide guidance, enrollment and post-enrollment support long term.