Millions of Americans are retiring every year. Retirement should be time to relax, travel and enjoy some of the activities we never had time for while we were working during our lifetime. Unfortunately, Most people do not realize the maze they are about to go through when choosing health coverage. Years ago, before the days of sky-high healthcare costs, seniors would receive their company pension, Social Security and Medicare, which would usually be enough to live happily ever after.
These days it is not quite that simple. Medicare deducts $93.50 per month from your check for and pays 80% after a $992 deductible. 20% can add up in a hurry. What if you should become sick or injured? What’s available to help?
A Few Helpful Tips
1. Start Early--- You may enroll 3 months before or after the month of your 65th birthday. It is definitely better to enroll early.
2. Determine which type of plan will work best for you-- For example: If you are planning on traveling much you would probably want to use a Private-Fee-For-Service plan so you won’t have as many network restrictions.
3. Do Plenty Of Research-- It is always a good idea to ask questions and check references. Although most people think a call to the local Office of The Aging is adequate, that is not usually the best way to go. They are not licensed or trained in the field of insurance.
The Office Of The Aging is a very good resource to check credibility and sometimes you may find out about local programs or organizations that are helpful if you are in need.
4. Try Some Helpful Websites-- Find sites with helpful information. The official site is medicare.gov. I have found www.todaysmedicare.com to be informational and very easy find information. Also, try Center For Medicare Services in your area.
5. Find A Qualified Broker Or Independent Agent--- This may be the best way to go. An independent broker will usually represent many different companies. For example: ABC insurance carries Aetna, Blue Cross, and Health Net. Of course this is just an example. A good broker will help you shop and save you time and money.
· Mr. King
· Please feel free to email if you have any questions or comments centurybenefits@gmail.com
