Medicare Open Enrollment
October 15 – December 7
Time is Running out until Medicare Open Enrollment Ends:
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REALTORS® Insurance Place
Helping Members Navigate Their Medicare Options
Take advantage of your NAR Member Benefits by talking with REALTORS Insurance Place about your Medicare options.
We’re here to guide you through this year’s Medicare Open Enrollment. As your trusted health consultants, we’re dedicated to helping you find the right Medicare Advantage, Supplement and Prescription Drug plans.
Medicare Open Enrollment is October 15 – December 7
Get in touch with our Members Medicare Exchange team. Schedule a 1 on 1 consultation by filling out the next form.
Connect With Us
By Phone – 866-631-2149
By Email – Fill out the form
Let’s Talk Medicare
We will connect you with a federally certified Medicare expert.
Medicare and You
Types of Medicare Programs
- Traditional Medicare (Original Medicare): Includes Part A (Hospital Insurance) and Part B (Medical Insurance). This plan allows you to see any doctor or hospital that accepts Medicare and provides coverage for hospital stays, doctor visits, and other medical services.
- Medicare Advantage (Part C): An alternative to Traditional Medicare that combines Part A and Part B coverage into one plan, often including additional benefits like prescription drugs, dental, vision, and hearing. These plans are offered by private insurance companies.
- Medicare Supplements (Medigap): Designed to work with Traditional Medicare, Medigap helps cover costs like copayments, coinsurance, and deductibles that are not covered by Medicare Parts A and B. These plans do not include prescription drug coverage.
Learn more in the federal guide: Medicare and You
Medicare Basics for REALTORS®
Medicare is a federal health insurance program that primarily covers individuals 65 or older, as well as some younger individuals with disabilities. If you’re a REALTOR® approaching Medicare age or just want to understand it better, here’s a simple breakdown.
Who is Eligible for Medicare?
- Age 65 and older: Most people are automatically eligible.
- Under 65: If you have certain disabilities or end-stage renal disease (ESRD), you may qualify.
Key Parts of Medicare
- Part A (Hospital Insurance): Covers inpatient care, skilled nursing, hospice, and some home health services. Most people don’t pay a premium for Part A.
- Part B (Medical Insurance): Covers outpatient services like doctor visits, lab tests, and preventive care. You pay a monthly premium for Part B.
- Part C (Medicare Advantage): Offered by private insurers, it bundles Parts A and B and often includes extra benefits like dental and vision.
- Part D (Prescription Drug Coverage): Helps cover the cost of prescription drugs. You get this through a private plan.
Key Points to Remember
- Medicare only covers about 80% of your healthcare costs. You’ll still have out-of-pocket expenses unless you opt for additional coverage like Medigap.
- Enroll in Medicare as soon as you’re eligible to avoid penalties. Your Initial Enrollment Period starts 3 months before your 65th birthday and ends 3 months after.
Steps to Enroll
- Automatic Enrollment: If you’re already receiving Social Security benefits, you’ll automatically be enrolled in Part A and Part B.
- Manual Enrollment: Not receiving Social Security? You’ll need to sign up yourself. Options include:
- Online via the Social Security website
- By phone at 1-800-772-1213
- In person at your local Social Security office
What Medicare Doesn’t Cover
- Prescription drugs (unless you have Part D)
- Long-term care
- Routine dental and vision
- Hearing aids and exams
- Routine foot care
For REALTORS® managing a busy schedule, it’s important to plan ahead and make sure your Medicare coverage fits your healthcare needs as you transition into this next stage. Consider exploring additional coverage options, like Medigap or Medicare Advantage, to fill in coverage gaps.