When the Social Security Act was passed in 1935, the American Dream was to work hard, buy a house, have a family, retire at sixty-five and enjoy one’s Golden Years. However, that’s no longer the reality for many Americans. Many people continue working past age sixty-five either by choice or by economic necessity. In either case, everyone should understand their Medicare options as they approach age sixty-five.
The current process for enrolling in Medicare is fraught with difficulty. Confusing eligibility requirements can lead to misunderstanding and delay. This may generate late penalties, higher out-of-pocket costs, coverage gaps, and delay access to certain health benefits. According to Medicare Rights Watch, “In 2018, an estimated 760,000 people with Medicare were paying a Part B Late Enrollment Penalty (LEP), with the average LEP amounting to nearly a 28% increase in their monthly premium” (italics added).
However, you don’t have to go it alone…
For someone who chooses to retire at age sixty-five, enrollment in Medicare Part B, (the part covering Doctors) and Part A (covering Hospitals), is automatic once Social Security benefits start. Even so there are options you may be unaware of. If you continue working (or for those approaching twenty-five months of receiving Social Security Disability Income) it’s up to you to enroll in Medicare. Presently there are inadequate or non-existent means of eligibility notification. Misunderstanding eligibility requirements, application deadlines, and choice of Medicare coverage can have serious and costly consequences.
That’s why it’s important to have a professional partner to guide you through the Medicare maze and work out with the Medicare option that meets your retirement needs. My Medicare Guy is such a guide.
My Medicare Guy will meet with you in advance of turning sixty-five and show you all your Medicare options. You get to choose the one that’s right for you. My Medicare Guy is independent and represents ten different national and regional Medicare plans. My Medicare Guy reviews your doctors, prescription plans, and medical needs so you can choose the Medicare plan tailored to your needs: whether it’s stand-alone Medicare, Medicare Advantage, or Part D Prescription plans.
Most importantly, you pay no commissions to My Medicare Guy and there is absolutely no charge to you for this service…
My Medicare Guy is here to walk you through every option so you can make informed choices about your medical coverage. Your Golden Years should be spent doing the things you love, not slogging through the Medicare Maze.