San Diego Original Medicare Parts A + B
Understanding your services and what will be covered with your Medicare Plan is essential to understanding your benefits and making a smart decision about your new health insurance medicare plan here in San Diego. For this reason let’s take a look at Original Medicare, how to enroll, and why pairing it with Supplement Insurance or an Advantage Plan will make sure your Medicare package is complete.
Part A is most commonly paired with Part B to complete Original Medicare. Part A covers hospital stays and inpatient care. Part B covers doctor visits and outpatient care. Part A is considered "entitled" while the standard monthly premium for Medicare Part B will be $144.60 for 2020. So all of Original Medicare will cost you $144.60 in 2020.
I recommend enrolling in Original Medicare as soon as you are eligible. It takes the Social Security office a few weeks to send you your new Medicare Number and you'll need that to enroll in Supplement Insurance or Advantage Plans.
How to Enroll in San Diego Original Medicare
You Initial Enrollment Period lasts 7 months starting 3 months prior to your 65th birthday and 3 months following your 65th birthday. That means you can start the enrollment process more than 90 days before you turn 65 years old.
To enroll in Original Medicare, you'll visit Medicare.gov
You do not have to enroll in Original Medicare alone. HealthyMarks would be happy to assist you with your enrollment. Please give us a call today.
What are the Costs for San Diego Original Medicare
Part A Original Medicare Costs
What will I pay monthly for Medicare Part A in San Diego?
Most people here in San Diego will not have to pay anything for their Part A medicare plan because we have all been paying our taxes over the years. If you have worked ten (10) years or forty (40) quarters and have paid your taxes for each of these then you are fully qualified to receive your Part A “premium free” or without additional costs. If you have not earned your ten years of working in the United States, you typically will pay a monthly premium to be a part of Part A Medicare. The amount depends on how many quarters you have worked.
If you worked less than 30 quarters, you’ll likely pay $458 monthly in 2020. If you worked more than 30 but fewer than 40 quarters, your premium is $252 monthly in 2020.
Part B Original Medicare Costs
What will I pay monthly for Medicare Part B in San Diego?
The standard monthly premium for Medicare Part B will be $144.60 for 2020, up $9.10 from $135.50 in 2019. This is because you have contributed your taxes for ten (10) years or forty (40) quarters and you will likely qualify for the least expensive Part B monthly premium cost bracket.
There are typically 2 reasons you would have to pay more for your Part B in San Diego. Similar to Part A, if you haven’t earned ten (10) years or forty (40) quarters of working in the United States, you will likely pay more for your Part B. The second reason you may pay more for Part B is because you are still a high earner.
Part B Costs Extra Without Ten Years of Work Credit
If you have not earned your ten years of work history credit in the United States, you are still eligible to enroll in Original Medicare. However, you will pay extra. The extra amount you pay is reduced based on how many credits you have earned.
Spouses and domestic partners who didn’t earn ten years of credit
Don't stress if you were a stay at home mother or father. Because you were married to someone who was earning money and paying taxes means you also earned your work credits. If your spouse earns credits while you are raising a family, you will earn those credits by filing jointly.
IRMAA Extra Premium Charges for Higher Earners
If you are making less than $87,000 a year as an individual or you are making a combined less than $174,000 as a couple, you earnings are below the IRMAA line and you'll pay a $144.60 monthly premium for Part B. If your income exceeds these numbers, you will pay an additional amount each month depending on how much you earn. For example, the next tier up pays $202.40 per month; this is nearly a $60 increase in monthly premiums.
Even though your additional income results in a more expensive Medicare Product, the high earners should still join Original Medicare. Medicare offers the highest quality plans at a very inexpensive cost.
Original Medicare should be paired with Supplement Insurance or an Advantage Plan
Original Medicare is a great program but alone will not cover all your healthcare costs. You’ll still pay for a lot of your medical bills out of your own pocket. Furthermore, neither Parts A nor B cover the costs for prescription drugs. You’ll want to pair your Original Medicare with Medicare Supplement Insurance and a Part D Prescription Drug Plan, or a Medicare Advantage Plan. HealthyMarks is your best resource for enrolling in these plans, so don't hesitate to call and ask for our help.
To learn more about enrolling or evaluating Supplement Plans visit our home page at HealthyMarks.com