Medicare is divided into four parts: A, B, C, and D. Medicare Parts A and B are provided by the government and are often referred to as “Original Medicare.” Together, they cover essential services like hospital stays and doctor visits. However, many people seek additional coverage for things not covered by Parts A and B, such as prescription drugs.
When you turn 65, enrollment in Medicare Part A is free, and you do not need to change your benefit elections as a Nova Southeastern University employee.
Staying Covered Under NSU/ICUBA Insurance
If you're enrolled in an NSU/ICUBA medical insurance plan and become eligible for Medicare Part B, you can remain covered by your NSU/ICUBA plan as long as you are employed in a benefits-eligible position at NSU.
Most employees will not face penalties for enrolling in Medicare Part B after turning 65. For further assistance, contact Medicare at 1-800-MEDICARE (1-800-633-4227) or visit www.medicare.gov. You may also consider scheduling an appointment with a Medicare Specialist for personalized advice.
Understanding Medicare Parts A and B
Medicare Part A |
Medicare Part B |
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Type: Hospital Insurance |
Type: Medical Insurance |
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Cost: Free (if you've paid payroll taxes) |
Cost: Monthly premium required |
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Covers: Inpatient hospital stays, skilled nursing care, hospice, and some home health services |
Covers: Outpatient services, doctor visits, medical supplies, preventive services |
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Enrollment: Recommended when you turn 65, even if covered by NSU/ICUBA. Since Part A is premium-free, there’s no additional cost to take advantage of these benefits. |
Enrollment: Optional while employed and covered under NSU/ICUBA; can be delayed to avoid dual premiums |
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NSU/ICUBA Coverage: Your NSU/ICUBA plan remains your primary coverage; Medicare Part A only pays after NSU/ICUBA plan |
NSU/ICUBA Coverage: Medicare Part B acts as a secondary payer; the NSU/ICUBA plan covers first |
Delaying Medicare Part B Enrollment
If you're still working and covered under NSU/ICUBA's medical insurance, enrolling in Medicare Part B immediately may not always be the best financial decision. It's important to weigh the costs and benefits before deciding. Fortunately, you can often delay enrollment without facing penalties, provided certain conditions are met.
Here's what you need to know:
- Late Enrollment Penalty: You may face penalties if you delay Medicare Part B enrollment unless you qualify for a Medicare Special Enrollment Period.
- Special Enrollment Period: You can enroll in Part B without penalties when your employment or group coverage ends. Typically, this Special Enrollment Period lasts for eight months after your employment or group health coverage concludes.
SHINE Program
The Serving Health Insurance Needs of Elders (SHINE) program provides free, confidential, and unbiased counseling to help you navigate Medicare, Medicaid, and health insurance options. This service is offered through the Florida Department of Elder Affairs.
Local Contact:
Phone: (954) 745-9779
Website: floridashine.org
National Contact:
Phone: 1-800-963-5337 TDD/TTY: 1-800-955-8770
Email: information@elderaffairs.org