Finally, you’ve got all your Medicare set up, and you’re breathing a sigh of relief. Then immediately, your mailbox is overwhelmed with a slew of claim denials. Post-enrollment Medicare errors often happen, and we’ll show you how to prevent it. Let’s have a look at seven big Medicare mistakes to avoid.
Medicare Post-Enrollment Errors to Prevent
Here are a few of the most famous Medicare errors that we’ve seen over the years and how to prevent them from occurring.
Failing to Pay Premiums for Your Part B
Many individuals today work well past the age of 65. Because they still have working jobs, most of these individuals defer their Social Security income benefits. Although, in that case, Medicare does not subtract your Part B premiums from your Social Security check; they give you a quarterly invoice instead.
It can be very tempting to forget a Social Security bill with the mountain of mail that Medicare recipients receive every day from insurance firms. The outcome, unfortunately, is tragic.
Before you start taking Social Security, if you are enrolled in Part B, call them, and ask them to file a bank draft for you. This is an excellent way to make sure that you don’t ignore paying for Part B and cause a world of harm to yourself.
Not Notifying Medicare That You’ve Left Coverage for Employers.
Your former employer will correctly inform Medicare in an ideal world that you are no longer working there. Then Medicare will know that it is the main policy now, and as a primary, it will continue to compensate.
This works about 95 percent of the time, as it should. There are, however, a handful of cases every year in which the employer fails to inform Medicare that you have quit your work adequately.
On some occasions, we have also seen cases where the employer notifies Medicare again the next year that they are still protecting you. This gives rise to an entirely new round of rejected allegations.
Presenting the Incorrect ID Card to Your Provider – Part 1
This one has multiple variants of Medicare’s simple errors. You will show your initial Medicare card (and Medigap card) to your provider at the time of service if you have selected Medicare as your primary coverage.
If you enrol with Medicare Advantage, put your red, white, and blue Medicare card in a secure position. When you want to drop your Medicare Advantage package later, you won’t be using it. Give your suppliers your Advantage card only.
Presenting the Incorrect ID Card to Your Provider – Part 2
The second version of “ID card errors” that we frequently see happening is that applicants show their Medicare card for drug-related expenses, or vice versa, their Part D card for non-drug-related expenses.
Paying Your Part B Deduction to Your Insurer Before Medicare Has Processed the Claim
In 2020, Medicare Part B has a deductible of $198. In most years, this goes up a little bit. There are some common plans for Medigap, such as Plan G and Plan N, where you agree to pay the annual deductible for Part B.
Wishful Thought From Preventive Treatment
There is a range of excellent preventive care benefits for Medicare that are entirely covered. Medicare rewards you for 100% of them. This covers cardiovascular disease, diabetes, and aneurysm screenings. Popular cancer tests include colonoscopy, mammograms, and testing for lung cancer.
Failure to Check Your Annual Adjustment Notice
We run a series of webinars about the upcoming Annual Election Cycle for our current customers every year here in the fall. All our existing customers are invited, and we advertise it ahead of time via email. The explanation that we’re giving so far is easy. People forget what they’re supposed to do under their drug plan each year.
To conclude, although Medicare errors occur, the tips in this post can help you avoid the most common issues. Because even the most trained individual might experience hiccups, partnering with an insurance provider who knows what they are doing when it comes to Medicare is in your interest.
Reach out Today at NewMedicare.