One of the biggest challenges in facing retirement is medical insurance. Retirement is a wonderful time to do the things you have always wanted to do. Travel, spend more time with family and friends, and even take up new hobbies and interests.
But it is also a time where income and expenses need to be managed more closely, and planning is essential to an enjoyable life.
Medicare is a wonderful option for most people and allows retirees to get the health care they need. However, everyone has a unique scenario.
I recently met with a gentleman who was turning 65 and had enrolled in Medicare. We talked about what type of secondary coverage would fit his needs, and he picked a supplement plan. However, about two weeks later he called me to apologize because he found he could
stay on his wife’s employer insurance and save the cost of Medicare part B and the supplement. He had assumed he had to enroll in Medicare when he turned 65.
This led me to wonder how many people also may be unclear about this. The rule with Medicare is that if you have credible coverage from an employer or a spouse’s employer, you can delay enrollment without penalty until you lose that coverage.
Either you or your spouse must be employed and receiving coverage to be covered by this exception. There are many rules and exceptions when it comes to Medicare.
Please feel free to reach out to me with any questions. I am happy to help you work through your unique situation and find the solution that works best for you.
Please remember, you can make an appointment if you are about to enter the Medicare world or have questions about your situation. I would love to be your guide.
Please call Lynne Jones, licensed sales representative, at (480) 212-2246 or email me at jonesdvp@yahoo.com.