When you hear the word "Medicare", are probably tempted to think about your 85 years old grandmother sits in her rocking chair, sipping tea and knitting her afghan.
In the past, when someone turned 65 and retired, often times, they age very quickly and has become axiomatic to the concept of Medicare with a "senior ."
But those days are long gone. With the tremendous advances in medical technology and better understanding of the diet, people who live outside of the last chapter of his life, as if they barely reached the middle of the book!
is the first wave of Baby Boomers, as they are often called (due to population explosion after World War II) are beginning to turn 65 (and eligible for Medicare ).
But Boomers are no longer considered to be elderly, or even the "old" in any sense. It is said that most of the age of 65 see themselves as 55 or younger, a 55-year-old boomers, why are almost 30 years.
In our business (relating to Medicare insurance), we have always helped people, who for the most part, they were confused about Medicare, but I really wanted our help.
In the past few years, we have noticed some changes. Boomers are totally confused about Medicare, but they do not even want to talk about it. Why? I think it's because they still think of a grandmother and do not want to think about myself in that light.
However, when you turn 65 (and sign up for Part B), I really have no choice, you have to think about Medicare. Why? Because when you "age in" to Medicare, you have a very special deal. You can get a Medicare Supplement insurance, and can not be denied for any reason (other than total kidney failure ).
The fact is, until next year, 10,000 people turning 65 every day! And that number will only go up. In the next decade, according to some estimates, nearly 80 million boomers will age into retirement (or whatever it will be known by then), and qualify for Medicare.
do not consider Medicare then as "health insurance for the elderly." In the next few years, Medicare should probably be relabeled as something like "health insurance for their freedom years" because that is what will be.
Now that we have a better definition for the present generation, let's see if we can unpack this convoluted thing called Medicare, and then I'll discuss how to get it.
So, what is Medicare?
Medicare is a government run health insurance for people over 65 years (also get it if you have a qualifying disability ).
When you turn 65, are automatically enrolled in Medicare Part (hospital insurance), even if you have other coverage, such as through your employer.
In most cases, you do not have to pay for the part, since you paid for it in the field of social security taxes.
You should get your Medicare card in the mail three months before turning 65.
If you retire (get more freedom), when you turn 65 and / or want from your employer plan, you can get Part B (the part of hospital treatment, and Part B for outpatient things, such as physician visits, exams, x-rays, etc. ).
You do have to pay the Part B premium for most people is $ 110.50 in 2010 (may be higher if your household income above $ 170,000 ).
In most cases, your Part B premium will be deducted right from your Social Security check.
There are three main things you should know about Medicare coverage:
1) Medicare does not pay 100% of costs. You will be responsible for deductibles (with both parts A and B) and co-insurance (such as 80/20 plan) from the B.
2) its share of health costs could be significant, which is the purpose of Medicare supplement insurance (often called Medigap because it fills the gaps left Medicare I ).
The good news is, as mentioned earlier is that when you are in Medicare, you get what is called "The initial enrollment period." During this (almost 10 months) period, you can apply for Medicare supplement and can not be denied or rated up because of pre-existing conditions.
3) In almost every state, with the exception of three, each Medicare Supplement Plan is a "standardized". What does this mean that the plan F (popular level) from the ABC has exactly the same benefits as Plan F from company XYZ.Jedina real difference is price.
F Plan of ABC can be $ 110 a month, but the same plan F from company XYZ is $ 190 per month.
It really does pay to shop around to offer Medicare Supplement. But honestly, if you do not, you will be bombarded with a bunch of high pressure sales ljudi.Činjenica is, you probably have better things to do!
This is why we recommend a reliable broker who can "shop around" for you. Does not cost you anything more than "go straight", a good broker can work on your behalf for years to come.
of prescription drugs are covered separately from Parts & B It is easy to remember because "drugs" are covered "Part D."
There are two main things you need to know about Part D:
1) As with Part B, you have to "opt in." Part D coverage is offered through private insurance companies that sell drug plans. It is important to bear in mind that drug coverage is not 100%. Part D plans to "help" cover the cost of drugs.
2) If you do not opt in, you may pay a penalty kasnije.Dobra news is, the premium for Part D plans are pretty reasonable.
Therefore, it is Medicare in a nutshell. If you are turning 65, you can now rest easier knowing that Medicare no longer "insurance for the grandmother," is now "insurance for you." But no worries mate, you'll probably have this insurance for a very long time! Enjoy.
PS You can click on the link below to get more information about no-hassle, no pressure quotes from trusted advisors who can do all the shopping on your behalf.
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