I received a call the other day from my office saying a desperate and confused couple had come in needing some help with their Medicare Part D coverage. The office told me the plan was not covering one of their expensive drugs! It did not take long for me to realize the mess was bigger than a simple phone call could resolve so I set an appointment to meet with them. I had no idea what I was walking into!
If you have a family member who is nearing sixty, you should be aware of the different types of medicare supplement s. Extend your help to those who are old and give the best gift they could ever receive, get them a supplementary health insurance for medicare plan. You can call any insurance company and ask for medigap quotes and if you are too wrapped up in daily chores you can check out online for their different coverage and plans.
Back to the main subject, last November when I received my Medicare card, I started getting used to the idea that maybe I’m not as young as I once was. I’m moving toward full acceptance of that, but now there is another thing looming out there – Social Security retirement benefits. Of course, you are eligible for this starting at age 62 if you’re willing to take a reduced check every month, but if you want to wait until your “full retirement age,” you have to wait until you are at least 66. So I have that to look forward to later on.
There are two good ways to compare plans in your area. You may be tempted to call family members or neighbors to see what plans they use. This is fine, but remember that they will not have the exact same situation that you have.
Hours on the phone don’t always translate into something that makes any sense either, mores the pity. It’s not fun shopping for medicare supplements, and many have been heard to liken the experience to a root canal.
Not all agents are liars but some are. Some agents only offer Medigap plans from one carrier. They have a sales quota. If they don’t sell enough Medicare supplement plans in GA to satisfy their manager they lose their job. To keep the boss happy they are often encouraged to twist the truth.
There is no doubt that it is getting a lot harder to save for a comfortable retirement. We have little assurance that government programs like Medicare and Social Security will be the same as they were by the time we reach retirement programs. This can be very frustrating for people who have been paying into these programs for decades, hoping they would be reliable in the future. We have to remain flexible, keep our eyes open, and base our decisions on reality!