The Boomer’s Guide to Medicare.

AARP has posted the top 8 “Do’s and Dont’s” when it comes to Medicare. Make sure you are not only aware…but truly in the know when it comes to the future of your health care.

Here’s what you should know…

1. Do give yourself time to learn about Medicare: It’s a system with many choices and deadlines. Being informed is the best way to avoid mistakes that cost money.

2. Don’t expect to be notified when it’s time to sign up: Unless you’re already receiving Social Security benefits, you must apply for Medicare. But you won’t get any official notice on when or how to enroll.

3. Do enroll when you’re supposed to: To avoid permanent late penalties, enroll at age 65 if you’re not working, don’t have employer insurance or live abroad; or, beyond 65, enroll within eight months of stopping work — even if you continue to receive COBRA or retiree health benefits from an employer.

4. Don’t despair if you haven’t worked long enough to qualify: You may qualify for Medicare on your current or former spouse’s work record. Or you may be able to buy into the program.

5. Don’t worry that poor health will affect your coverage: If you qualify for Medicare, you receive full benefits. You can’t be denied coverage or charged higher premiums because of current or past health problems.

6. Do remember that Medicare is not free: You pay premiums for coverage and copayments for most services, unless you qualify for a low-income program or have other, extra insurance.

7. Don’t assume that Medicare covers everything: It covers a wide range of health services (including expensive ones like organ transplants), prescription drugs and medical equipment. But there are gaps.

8. Don’t expect Medicare to cover your dependents: Nobody can get Medicare under age 65, except those who qualify through disability. Medicare has no family coverage.

For a complete Medicare starter kit, head to http://www.aarp.org/health/medicare-insurance/info-04-2011/medicare-starter-guide.html.

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s