Medicare Part B Enrollment in Nevada
In this article, I will be informing the reader about Medicare Part B Enrollment in Nevada. There are harsh penalties if you do not sign up for Part B when originally eligible. Medicare gives eligible beneficiaries ample time to sign up. There is, however, a monthly premium that the federal government charges for Part B. Once enrolled in Nevada, you’re eligible to sign up for Medicare Advantage or Medicare Supplement. I will discuss each point in further detail.
Enrollment Period
The enrollment period to sign up for Medicare Part B is technically seven months in length. The period begins 3 months before your 65th birthday. It continues the month of your 65th birthday, and three months after turning 65. You must sign up within that time frame. If you do not, a penalty will be incurred. That is 10% of the Part B premium. Therefore, it is very important to enroll in Part B within your eligibility period.
Monthly Premium
The monthly premium fluctuates yearly, and like most insurance costs it goes up every year. Being billed occurs in two different ways. It depends when you take social security. If you are going to claim your social security when first eligible, you will be charged on a monthly basis. The premium will automatically be deducted from your monthly check. If you decide to wait to claim social security then you will be charged on a quarterly basis. You will be sent a bill in the mail.
Options for Medicare Advantage or Medicare Supplement
Enrollment in Original Medicare provides more options. The options include Medicare Advantage or Medicare Supplement. By law you can only choose one of these options. These options cover the remaining 20% of the coverage that Original Medicare does not cover.
Conclusion
In closing, we have looked at the overview of enrolling in Part B Medicare here in Nevada. These are important points to make. I highly recommend signing up for Part B when eligible to avoid those costly penalties. If you decide to wait, the good news is that you can sign up at any time. The bad news is that you will have a lifetime penalty associated with your Medicare Coverage. So sign up and enjoy the fruits of your hard-working years with very affordable health care.
