Bucci Insurance

A comprehensive alternative to Original Medicare, offered by private companies approved by Medicare.

- Coverage: Bundles together Medicare Part A and Part B, often including Medicare drug coverage (Part D).

- Additional Benefits: May include dental, vision, hearing, and gym memberships.

4. Medicare Part D:

- Provides prescription drug coverage.

- Enrollment: Optional but beneficial for those who rely on medications. Note that late enrollment may incur penalties.

- Options: Independent Prescription Drug Plan (PDP) or a Medicare Advantage Plan with integrated prescription drug coverage.

Enrollment Guidance:

- Initial Enrollment:

- Eligibility: Begin enrollment 90 days before the month you turn 65, assuming work-related eligibility requirements are met.

- Spousal Coverage:

- Note: Medicare does not offer spousal or dependent coverage. Each individual must enroll separately upon reaching age 65.

- Employer Coverage Consideration:

- Context: If your employer group has 20 or more eligible employees and you continue to work, maintaining employer coverage might be an option. However, many factors need to be considered.

- Social Security and Medicare Part B:

- Note: If you have not enrolled in Social Security before age 65, you must proactively enroll in Medicare Part B and start paying premiums.

- Penalties for Late Enrollment:

- Consequence: Delayed enrollment in Part B can lead to a 10% penalty on your Part B premium for each 12-month period you were without Medicare. Similarly, a penalty for Part D can be up to 1% of the national average of a Part D plan for each month you were without coverage.