Everyone eligible for Medicare (usually 65-years-old) automatically gets Part A and needs to sign up for Part B.
Because Parts A and B don’t cover everything, people can elect to buy supplemental coverage, often called Medicare Supplement insurance.
All of the Medicare Supplement plans, also called Medigap, are standardized in almost every state; yet, there are many options to consider when purchasing additional Medicare insurance from private insurers. Read the rest of this entry »
Retirees have an opportunity to consider Medicare plans and ensure they have selected the best plan for their needs.
An online consumer website is offering people a way to review and compare Medicare Supplement plans. Read the rest of this entry »
More 65-year-old Americans are electing to stay in the workforce, and if they’re fortunate to have benefits that accompany full-time employment, then full dependence on Medicare can be postponed.
Most workers, however, are not so lucky when it comes to employer-provided health care. When an employee hits 65-years-old, the customary retirement age, then companies prefer health insurance benefits to be paid by Medicare.
Anyone still working through their ‘60s, needs to be fully aware of details about group health insurance coverage and Medicare plans. Often, it’s a gray area; there isn’t a benefits department in a workplace to assist 64-year-olds with insurance choices or which path to take and when.
There’s a new consumer website called EasyMedicareChoices.com, and it’s for:
- Seniors approaching 65-years-old
- Those beyond that age
- Caregivers of elderly who need help with their Medicare insurance
The site was designed and developed by Retiree Health Choices, a Chicago technology company interested in helping retirees make more informed decisions about their health care. Read the rest of this entry »
A recent study showed a state-by-state analysis of the best locations for adults 65 and older to settle down.
The healthiest state for seniors was Minnesota followed by Vermont, New Hampshire, Massachusetts and Iowa.
At the bottom of the list as the unhealthiest state was Mississippi with Oklahoma, Louisiana, West Virginia and Arkansas also at the bottom of the rankings.
What factors contributed to a state’s healthiness for retirees?
The researchers scored 34 measures of senior health; among them:
- Individual behaviors (smoking, alcohol)
- Environment (poverty, community programs)
- Public Policy (available geriatricians, clinical care)
When you compare Medicare insurance with that of health insurance for the working population, it’s an alphabet soup.
Most in the workplace have the benefit of human resources assistance to decipher insurance plans, whereas retirees navigating Medicare often have to go it alone.
Some of the key decisions retirees need to consider when preparing to buy Medicare include:
• How much is it going to cost each month?
• What is my out-of-pocket exposure?
• What do I pay when seeing a doctor?
• Where do I have to go to get my care? Read the rest of this entry »