You are about to start getting your Medicare, something you’ve been contributing to and counting on for a long time. But what exactly IS Medicare and how do I get it? Medicare is insurance coverage for those turning 65 or otherwise deemed disabled by the government. If you are already receiving Social Security benefits, then you can expect to receive your Medicare card in the mail 3 months prior to turning 65. Not yet taking benefits? Over 65 and now planning to retire? You must apply for Medicare either at the website www.Medicare.gov or by calling Social Security at 800-772-1213. Medicare is offered through Parts A & B with extra coverage offered by private insurance companies. Why would you need extra coverage? Because Medicare generally doesn’t provide a lid on your out-of-pocket medical expenses and doesn’t provide coverage for outpatient prescription medications. Private coverage helps contain these costs.
But what plans? How do I know they will provide the coverage I need? Will they cover the doctors I see? Will they cover my prescription medications? Will they cover me here and at home as I’m a part-time resident? Should I keep my employer coverage? What do I do if my employer coverage ends??? This is when it pays to speak with an insurance professional. It’s no different than using a realtor when purchasing or selling your home; or an accountant to prepare your taxes; or using a licensed contractor for your home repairs. We seek professionals to guide us through the maze and keep us from making missteps that could affect us for a long time. Yes, there are government publications that you can read, but the Medicare & You handbook is 120 pages; the Choosing a Medigap Policy 52 pages! Call or click on a professional and leave the hard stuff to us and sit back & enjoy the beautiful Florida sunshine. Call, click or come in today.
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