New To Medicare
Ok so you’re starting Medicare soon, it may seem confusing with all the misinformation and biased perspectives you’re receiving from people who are just trying to sell you their products, but it really shouldn’t be. Here is an outline of the few decisions you need to make.
Step 1: Enroll in Medicare Part A & B
This can be done either online or by appointment at your local social security office. See our page Applying For Medicare for more details.
Step 2: Select either a Medicare Advantage plan or a Medicare Supplement plan
This depends on your budget, health, travel habits, and risk tolerance. Both are great plans but most folks clearly prefer one or the other. Make sure you get a list of ALL the companies in your area so that you can make an informed decision.
Step 3: Select your Part D – Prescription drug plan
If you select a Medicare Advantage plan, double check that your plan includes a Prescription drug plan. If you select a Medicare Supplement, you’ll need to get a stand-alone drug plan that covers your prescriptions. Failure to get a drug plan when you don’t have other creditable coverage will result in penalties so make sure you get this part right.
Most Importantly! Please, please, please work with a professional who can help you choose the right coverage. It will make your life so much easier. Medicare advisors (like us) do not charge for their services, and you won’t save any money by calling the insurance company directly. You might as well work with an expert who can show you all the companies and give you a recommendation based on 30+ years and thousands of people helped.
Important Criteria For Selecting a Medicare Advisor:
1. Verify they have an insurance license – You wouldn’t work with a doctor or lawyer who didn’t have the required licensing and certification, you shouldn’t work with an insurance professional who doesn’t either.
2. Verify they are appointed to offer at least 10 different insurance companies. – In many areas of the country there are over 75 different companies offering Medicare plans. Requesting that your advisor be able to offer 10 is not too much to ask. Here at The Medicare Family we are certified to offer over 80 different insurance companies.
3. Verify that they don’t have a bias towards any particular company. – Here’s a helpful tip. If someone calls you from an insurance company that you’ve seen on TV…guess what? They are going to recommend their company’s product because that is their boss!
With all of that out of the way, explore our website, learn as much as you can about Medicare, but don’t feel bad if you’re still confused. They sure don’t make it easy to understand. Just give us a call if you have any questions or if you’re ready to start looking at the plans and prices in your area. Talk to you soon 🙂
– The Medicare Family