Medicare coverage

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Getting on Medicare Before Age 65

Among the many questions people have about Medicare benefits is, “Can I get on Medicare early, before turning 65?” The annual Medicare enrollment period is about to begin, bringing with it a lot of questions about how to get on Medicare early, choosing your coverage, understanding the alphabet soup of its various parts and finding out why and how to get supplemental coverage. Before we start talking about that, let’s get some perspective on Medicare by looking at some statistics from the 2018 Annual Report of the Boards of Trustees of the Federal Hospital Insurance and Federal Supplementary Medical Insurance Trust Funds. It’s the annual report of the boards that oversee the trust funds that provide the money behind the program we all know as “Medicare.” According to the report, “In 2017, Medicare covered 58.4 million people: 49.5 million aged 65 and older, and 8.9 million disabled. Total expenditures in 2017…

What Medicare Covers When Traveling

What do most people say they want to do when they retire? Travel. Depending on your needs in retirement, your Medicare health insurance program may not make the best travel companion.  In the past, we’ve addressed in detail what Medicare A, B, C and D plans cover. Medicare Part A and Part B together cover essential medical scenarios such as hospital stays, doctor visits and medical equipment. Twist an ankle hiking and you may want those crutches. Whether at home or on the road, these are worthwhile services. But if you plan to travel quite a bit in retirement, let’s examine how Medicare meets — or doesn’t — your needs while away from home. When traveling, we enjoy indulging the senses. Often, this is where Medicare programs do a poor job serving as a healthcare concierge. We’ll use both domestic and international destinations to demonstrate some shortcomings in the plans. Santa…

Choosing the Right Medicare Coverage

,As you approach age 65, Medicare is on your radar. Medical expenses are one of the biggest costs you’ll face. Making a smart decision about Medicare coverage can do a lot for your health and your wealth. To get started, you will want to make sure you are choosing the right coverage option and considering any extra coverage you may need. But how do you enroll in the plan that keeps you covered at a price point that fits your budget? These steps will show you how to do exactly that. Choosing Between Original Medicare or Medicare Advantage The alphabet has never seemed so confusing as it does when most people start looking at Medicare options for the first time. Think of your coverage options as Original Medicare and Medicare Advantage to help you pick the option that is best for you. Original Medicare is Medicare Part A and Part…

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