Getting ready to turn 65 and you are just starting to think about your health care Coverage After 65 and Beyond…!!!
Now is the time to start thinking about the “A”, “B”, “C” and “ D’s” of Medicare and the following are eight do’s & Don’ts that you need to be aware of and follow the advice of the author, Patricia Bary as she stated in her article related to the Medicare Starter Kit…
What you most need to know as you start to think about for your Medicare needs for the future as you turn 65…!!!
by: Patricia Barry, from: AARP Bulletin, Updated May 7, 2012
Top Eight Do’s and Don’ts of Medicare…!!!!
1. Do give yourself time to learn about Medicare: It’s a system with many choices and deadlines. Being informed is the best way to avoid mistakes that cost money.
2. Don’t expect to be notified when it’s time to sign up: Unless you’re already receiving Social Security benefits, you must apply for Medicare. But you won’t get any official notice on when or how to enroll.
3. Do enroll when you’re supposed to: To avoid permanent late penalties, enroll at age 65 if you’re not working, don’t have employer insurance or live abroad; or, beyond 65, enroll within eight months of stopping work — even if you continue to receive COBRA or retiree health benefits from an employer.
4. Don’t despair if you haven’t worked long enough to qualify: You may qualify for Medicare on your current or former spouse’s work record. Or you may be able to buy into the program.
Medicare Open Enrollment runs from October 15 – December 7. Review your medical and prescription drug coverage options
5. Don’t worry that poor health will affect your coverage: If you qualify for Medicare, you receive full benefits. You can’t be denied coverage or charged higher premiums because of current or past health problems.
6. Do remember that Medicare is not free: You pay premiums for coverage and copayments for most services, unless you qualify for a low-income program or have other, extra insurance.
7. Don’t assume that Medicare covers everything: It covers a wide range of health services (including expensive ones like organ transplants), prescription drugs and medical equipment. But there are gaps.
8. Don’t expect Medicare to cover your dependents: Nobody can get Medicare under age 65, except those who qualify through disability. Medicare has no family coverage.
For further information and the options of Medicare’s ABCD’s, Please contact John W. Collier, LUTCF, FSS at 775-829-1221 for an appointment to discuss your needs for the future and the best plan for you… Either Call 775-829-1221 or Email John@nvsilver.com or go to my “GreatWebsite” www.nvsilver.com and get a competitive Quote for your medicare Supplement, Part “D” Plan or your Medicare advantage plan…..