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New Medicare Cards with New Identification Numbers on the Way

If you are currently enrolled in Medicare, keep your eyes out for a new card with a new claim or identification number that will be arriving in your mailbox sometime between April 1, 2018 and April 1, 2019. The cards will be mailed from Social Security, as they manage the Medicare A and B enrollment. 

It’s important to note that this is not a new Social Security number—it is a Medicare identification number. If you are enrolling in Medicare for the first time effective April 1, 2018, you’ll be the first group to receive the new type of Medicare card.

Why is This Change Being Made?

Currently, Medicare claim numbers are a worker’s or spouse’s Social Security number, and being displayed so visibly on the Medicare card is concerning in terms of identity theft or Medicare fraud. The goal of issuing new cards and claim numbers is to reduce this concern and possibility of fraud. 

What Steps Do I Need to Take?

There are a few steps you can take to stay on top of the process.

  1. Keep an eye out for your new Medicare card. Your card will be sent in a plain envelope. This is done intentionally to make it less likely for someone to identify or steal the mailing, knowing it’s a new Medicare card.

  2. Social Security will mail your card to the address they have on record for you. If you move or have recently moved, make sure Social Security has your up-to-date address.

  3. Once you receive your new card, start using it with all doctors and labs that process Medicare Part A and Part B claims. You can file away or shred your old Medicare card. 

  4. If you have a supplemental carrier, provide them with your new claim number.

  5. If you are enrolled in a Medicare Advantage Plan, continue to use your Advantage Plan card, even when you receive your new Medicare card. Keep your new Medicare card in a safe location in case you return to original Medicare in the future. 

  6. If you have Medicare Part D, continue to use your current card for this. Your new Medicare card only affects Parts A and B.

  7. If you don’t receive your new Medicare card by May 1, 2019, contact Social Security.

Have Questions?

If you have any additional questions about these changes, don’t hesitate to contact us. We’d be happy to help in any way we can regarding your retirement strategies. Call my office at (239) 204-4333 or email me at scott@mtagrp.com.

About Scott

Scott R. Schatzle, CFP® is a financial advisor and the owner of Mutual Trust Advisory Group, an independent, fee-only financial planning firm that specializes in helping successful individuals, families, and retirees. Scott brings more than 13 years of industry experience to the table, along with specialized training in and knowledge of comprehensive financial planning. Working closely with each of his clients, he strives to assist people in making smart decisions around their money and help them build and maintain wealth over time. Based in Estero, Florida, he works with clients in Estero, Bonita Springs, Fort Myers, and Naples. To learn more about Scott and his firm’s services, call (239) 204-4333, email scott@mtagrp.com, or connect with him on LinkedIn.

Mutual Trust Advisory Group is registered as an investment advisor with the state of Florida and only conducts business in states where it is properly registered or is excluded from registration requirements. Registration is not an endorsement of the firm by securities regulators and does not mean the advisor has achieved a specific level of skill or ability. 

All investments and strategies have the potential for profit or loss. There are no assurances that a client’s portfolio will match or exceed any particular benchmark.

The firm is not engaged in the practice of law or accounting. You should always consult an attorney or tax professional regarding your specific legal or tax situation. Medicare rules and regulations are subject to change at any time.

This newsletter has been provided by Claire Akin of Indigo Marketing Agency for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy any security.  All expressions of opinion reflect the opinions of Claire Akin of Indigo Marketing Agency and not necessarily those of Mutual Trust Advisory Group.