Do i need medicare part b if i have other insurance

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How do you add Part B to Medicare? Medicare Supplement Can Supercharge Your Medicare Part B. At a large employer with or more employees, your employer plan is primary. The secondary payer (which may be Medicare) may not pay all the uncovered costs. If the insurance is a COBRA or individual policy, or retiree coverage provided by a union or employer, enrollment in both Part A, hospital insurance, and Part B, medical insurance, is necessary.

You see, Part A is for hospitalization expenses while Part B is for outpatient services - you will still need other health insurance to cover for other needs, such as prescription medicine. No, as long as you follow Medicare’s rules. One type of coverage is not intended to replace the other.

In most cases, it depends on the type of health coverage you may have. Select the situation that applies to you to learn more. If you didn’t enroll when you were first eligible, the size of the employer determines whether you have to pay a penalty if you enroll later. You can get all of the Medicare-covered services in this section if you have both Part A and Part B. Be sure to carry your card with you when you’re away from home. The decision you make will depend on your situation and the type of health insurance you have.

You may also have to pay a penalty to get your coverage back (called reinstating your coverage). I am and plan to keep working for some years. I have health insurance from my employer. What you most need to know.

It shows whether you have Part A (listed as HOSPITAL), Part B (listed as MEDICAL), or both, and the date your coverage begins. Typically your monthly premium for Part B may go up for each full 12-month period that you could have had Part B , but didn’t for it. However, you can also enroll if you are a spouse of a beneficiary. Unlike Part A, Part B involves more costs, and you may want to defer signing up for it if you are still working and have insurance through your job or are covered by your spouse’s health plan. But what about Part B , do you really need it?

Part B covers doctor’s visits, ambulance rides, medical. And if you delay enrollment, will you have to pay a penalty?

Here are a few things to consider that can help you decide the right time to enroll in Medicare. Find Your Best Policy Today. Health Insurance Enrollment is Now. It’s entirely up to you.

If you have had Part B for a while but no longer need it because you’ve rejoined the workforce with access to employer-sponsored health insurance , congratulations! But before you drop Part B , find out if your job’s coverage is primary or secondary to Medicare. A primary payer health plan pays before Medicare.

In other words, you’re allowed to delay Part B without penalty if you have health insurance from current employment and the employer plan is primary to Medicare. Part A, the other insurance plan, covers inpatient hospital claims. For instance, Medicare.