With the Affordable Care Act’s open enrollment starting November 15, 2014, people 65 and over are wondering what they are supposed to do.
Over 65 and Need Individual plan
Some seniors who are ineligible for Medicare will need to apply for an individual plan. Here is what you need to know:
You must be a legal resident for less than 5 years to be eligible. OR
You have been a legal resident over 5 years BUT you or your spouse haven’t paid into Medicare for 10 years.
You have a choice of the new Bronze Plan, Silver Plan, Gold Plan, or Platinum Plan OR
You have a choice of off-Exchange plans that require less paperwork.
Subsidies Available for On-Exchange Plan
The following are subsidies available if you don’t qualify for Medicare:
1) Premium Subsidies -to help with the monthly costs
2) Cost-Sharing Subsidies -to help with costs for medical care
Medicare Eligible: Do NOT Purchase a New PlanMedigap and the Affordable Care Act
policies are not affected by the ACA. Therefore, Medigap enrollment remains the same: 6 month initial enrollment period which begins the month you turn 65.
For further questions please about the Affordable Care Act and/or Medicare-eligibility call the number above or at Senior65
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