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How To Avoid Making A Very Costly Medicare Mistake
Costly Mistake
• If you don’t enrol when within the 7 month period starting 3 months before your 65th birthday and 3 months after your 65th you could be hit with a lifetime penalty on your Medicare insurance premium.
• Full Social Security age is now 66 BUT Medicare is still starts at 65. This rule applies even if you are still working and have medical coverage via your employer.
Medicare is automatic if you are already receiving Social Security.
• If you don’t enroll when within the 7 month period starting 3 months before your 65th birthday and 3 months after your 65th you could be hit with a lifetime penalty on your Medicare insurance premium.
• Full Social Security age is now 66 BUT Medicare is still starts at 65. This rule applies even if you are still working and have medical coverage via your employer.
Medicare is automatic if you are already receiving Social Security.
Choices, Choices
Part A does not require a premium payment. So you might as well sign up — unless you have a health savings account (HSA) at work. Taking Part A means you can no longer contribute to the HSA.
But the real decisions revolve around Medicare Part B, which covers outpatient services, such as doctor visits.
If you are still working, and covered by your employer’s health plan but not receiving Social Security benefits — or if your spouse is still working and you are covered under his/her group health plan — you are faced with a decision about signing up for Part B, for which you will pay monthly, with the amount depending on your income level.
Play It Safe!
Play it safe and get a Medicare supplement insurance when you enroll in Part B.
It’s important to realize that if you sign up for a Medicare supplement within six months of enrolling in Part B, you cannot be turned down for the best supplement policies for health reasons. So when you do sign up for Part B, pick your supplement at the same time.
Yes, it’s complicated. But penalties for late or incorrect signups can add up to lifelong monthly penalties on your Medicare Part B premiums. This Medicare mistake can cost you thousands of dollars every year. You can learn more about these issues or get counselling at http://www.InsuredMeds.com.
Medicare ignorance can be expensive.
What Insurance Company
Do I Work For?
I am an independent insurance agent! I work for you, NOT the insurance companies to get you the best possible rate for the most coverage.
Can you purchase your coverage from us online?
We are different from other insurance agents, most of our application enrollments are done online, while you stay in comfort of your own home.
I work for you not the insurance companies!
How Do You Contact Me?
Phone: 845-380-5809
Email: InsuredMeds@gmail.com
Snail mail:
Bill Vargas, CLU, ChFC
1145 Rt. 55, Suite # 3,
Lagrangeville, N.Y. 12540
http://www.InsuredMeds.com
What Other Services Do I Offer?
I offer retirement planning , Life Insurance, Medicare Supplement & And Medicare Advantage Plans, Final Expense Insurance and a full line of financial services.
