When that magic age of 65 comes along many people are confused about what to do,
Or what choices are available to them.
Some questions to ask are:
When and where do I sign up for Medicare? Parts A & B? It can be done online,
Over the phone or in person..
Do I need to sign up for Medicare part B, the doctor part, which has a monthly cost and that cost is based on income ?
Do I have the option of staying on my group medical plan, and should I? If so do I need to pay for Part B of Medicare
What Part D drug plan do I need if any. And the cost of this plan is also based on income..
Should I consider buying out Long Term Care Insurance?
What happens to my other company benefits at this crossroads?
The above issues need to be discussed well in advance of turning 65 with someone knowledgeable on these issues, as the proper answers might save thousands of dollars..
- Open Enrollment 11/1/15
- Tune in this Friday February 7th to Fox 45 Evening News at 10:00 ~ when I will be discussing the issues of insuring your pregnant wife and children with or without a subsidy.
- The 5 best things about the Affordable Care Act
- What You Need to Know about the Small Business Health Care Credit
- Trade in your old life insurance policy
Mr WordPress on Turning 65, Medicare Parts A…