Using Advantage to Build a Future with a Happy Ending
While it may seem more comfortable to live in the present and let the future take care of itself, the future has a way of looking for us. Approximately one in four families assist a member over fifty. That amounts to 22 million homes, according to a survey by the American Association of Retired Persons and the National Alliance for Assistance.
One way to keep your independence longer is to prepare for health problems. Complementing Medicare coverage not only protects your assets and savings, but also improves your access to quality medical care. This can lead to a happier and more satisfying retirement.
Save on Advantage Insurance to Better Enjoy Your Retirement
Unfortunately, medical bills often become the “straw that broke the glass”. As you approach 65, it is time to compare your health with Medicare coverage. While Medicare copayment rates for consulting doctors may seem insignificant when your health is good, relying only on Original Medicare can be extremely expensive when your health deteriorates.
Your best chance of getting low premiums for Medicare supplemental insurance (or Advantage plans) and Medicare Part B is when you turn 65. For three months before the month you turn 65 and three months after that month, you will have the opportunity to join plans during a special open enrollment period.
Medicare Part A is usually free if you or your spouse paid Medicare through payroll withholdings, but Medicare Part B is optional and has a monthly premium. If you choose not to sign up during the seven-month open period, you will probably need to pay higher premiums if you sign up later. This does not apply if you join Part B late because you are covered by a 65-year group health plan. To be sure, discuss your situation with the Social Security Administration before rejecting Part B.
During this seven-month open enrollment period, you are also guaranteed the right to purchase a plan by visiting https://www.medicareadvantageplans2020.org and that will pay for medical care not covered by Medicare. This guaranteed right means that your request cannot be denied even if you have serious medical problems. Once you give up your right to get a Medicare supplement plan, you may need to fund all health care costs Medicare does not cover. In addition to open enrollment, an insurer can still sell you Advantage insurance despite pre-existing health problems. However, you will probably have to pay higher monthly premiums for protection.
Advantage Plans Are an Important Step to Simplify Retirement
Like other types of insurance, such as accidents and long-term care (for homes and nursing homes), Medicare Advantage plans and Medicare supplemental insurance plans can save you a lot of money over time. years These savings translate into a richer and more rewarding retirement.