Turning 65 in 2018? Get Ready for Medicare
The day you turned age 65 used to be the day most people retired. They left the work place behind, started collecting Social Security and enrolled in Medicare. It was a fairly clear-cut process. But transitioning to Medicare is different today. If you are turning 65 in 2018, I recommend you take some time before your birthday to learn about the choices you will be facing. Here are steps to help you get started:
Step 1: Know when to enroll
You can sign up for Medicare at any time during your initial enrollment period or IEP. Your IEP begins three months before your 65th birthday month, includes your birthday month and continues for three months after. Delaying your enrollment may result in penalties so it is important to enrolled on time.
Step 2: Learn what’s covered and what’s not
Original Medicare does not cover 100% of your medical costs. Many people are surprised to learn long-term care, most routine dental and vision care and hearing aids are not covered. Even if Medicare covers a service or item, you generally have to pay your deductible, coinsurance, and copayments. Lean how much you will be responsible for so there are no surprises in store for you.
Step 3: Learn about Prescription Drug Coverage
Original Medicare offers prescription drug coverage (Part D) to everyone with Medicare. Part D is added through a standalone prescription drug plan or as part of a Medicare Advantage plan. Each plan can vary in cost and the drugs it covers.
Step 4: Learn about Other Options
Your other options include Medicare-approved Advantage Plans and Medicare Supplements. There are also plans providing coverage for vision, dental hearing and long term care. These vary in coverage and cost but are intended to take care of a portion of your costs or offer additional benefits not covered by Original Medicare
Step 5: Learn more by attending Getting Started with Medicare
Plan now to join me for a presentation of Getting Started with Medicare, a class where we cover all these topics and you have a chance to get answers to your questions now, before you sign up for Medicare. Getting Started with Medicare classes are only for educational purposes and no plan specific benefits or details are shared
Our next class will take place in conjunction with the Mentor Library on Wednesday, January 24, 2018, from 6 to 8 pm. Call 440-255-8811, ext. 216 for more information on where the class will meet. Visit www.Mutskoinsurance.com/seminars for additional upcoming class dates and times. I look forward to you joining me. You can also contact me at 440-255-5700 or email me at Lmutsko@mutskoinsurance.com.
Laura Mutsko is a licensed insurance broker offering a complete line of health and life insurance products, including Individual, Group and Family Health, Medicare Advantage Plans, Medicare Supplement Plans, Medicare Part D Prescription Coverage, Vision, Dental and Life Insurance. Mutsko Insurance Services, LLC is located at 6982 Spinach Drive in Mentor, Ohio.