What is Medicare Open Enrollment?

People aged 65 or older, or individuals who have been eligible for Social Security Disability benefits for 24 months or more, can enroll in a healthcare plan between October 15 and December 7, 2020.


What Does Medicare Cover?

There are several parts to Medicare:

  • Part A – Hospital insurance.
  • Part B – Health insurance for doctor visits, durable medical equipment, etc.
  • Part C – Optional component to Medicare also known as a Medicare advantage plan. These are private companies approved by Medicare that provide both part A and B coverage but may also provide additional coverage such as dental services.
  • Part D – Prescription Drug coverage.


What Does Medicare Cost?

Part A Medicare covers in-patient hospital stays and is free of charge to most individuals when they become Medicare eligible.

Part B is a plan that covers doctor visits, durable medical equipment, etc. and carries a monthly premium that is typically deducted from an individual’s Social Security Disability cash benefit, if they receive one.

Part C is an optional component to Medicare commonly known as a “Medicare advantage plan.” Private insurance companies approved by Medicare provide both parts A and B coverage, but may also provide additional coverage such as dental and vision.

Part D is your prescription drug plan.  Most Medicare Prescription Drug Plans have a coverage gap called the “donut hole.” This means there’s a temporary limit on what the drug plan will cover for prescriptions.


Which Medicare Plan is Right for Me?

The Medicare plan you choose affects many things like cost, benefits, doctor choice, and convenience. Don’t follow your neighbor’s recommendation – or even your spouse’s – because your coverage needs are uniquely yours.  Ask a qualified, trusted source who understands Medicare for guidance in choosing your Medicare plans.

Our staff at Sequoyah Group are available to answer your questions about during Open Enrollment and any time of the year you qualify for Medicare.  Give us a call at 866-216-6038.