Social Security: Don’t Forget This Critical Step Before Age 65
“Hello, and welcome back to our channel, where we empower seniors with the knowledge you need to make the most of your golden years. Today, we’re diving into a critical topic that could save you from a major financial mistake as you approach retirement.”
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Understanding Full Retirement Age (FRA)] “First, let’s talk about your Full Retirement Age, or FRA. Depending on when you were born, your FRA could be 66 or 67. This is the age at which you can claim your full Social Security benefits. But there’s something important you need to do before you turn 65.”
The Costly Mistake to Avoid] “Here’s the thing—many seniors forget or delay a crucial step that needs to be completed before they turn 65. What is it? Signing up for Medicare! Missing this deadline can lead to penalties and higher premiums, which could significantly impact your retirement income.”
Why You Need to Act Before 65] “Medicare enrollment begins three months before your 65th birthday and ends three months after. If you miss this window, you may face a lifetime of higher premiums. Plus, if you’re still working and have health insurance through your job, you need to understand how your benefits will change once you hit 65.”
How to Avoid This Mistake] “So, how can you avoid this costly mistake? First, mark your calendar. Make sure you know when your enrollment period begins. Second, educate yourself on the different parts of Medicare—Part A, Part B, Part C, and Part D—so you can choose the best options for your situation. Lastly, if you’re unsure, consult a Medicare advisor who can guide you through the process.”
“Don’t let a simple oversight jeopardize your retirement. Take action now to ensure you’re fully prepared before you turn 65. If you found this video helpful, please give it a thumbs up and share it with others who might benefit. And don’t forget to subscribe for more tips on living your best life in retirement.”
This article was created by Bill Vargas an independent Medicare agent which means he works for you not the insurance companies.
Go to MedicareSelfEnroll.com enter your zip code to find the right Medicare plan for you in your area and then easily self-enrol. Your trusted partner in Medicare enrolments.
“Thank you for reading, and remember, the best way to enjoy your senior years is by staying informed and making smart decisions. Until next time!”
