You’re invited to attend our Turning 65 Workshop for people who need to enroll in Medicare within the next few months.

Some of the topics we will address at the workshop include:

 

• What do you have to do to enroll in Medicare? What does it cost and when does it begin?
• There are dozens of Medicare Supplement Plans available. Do you know the single most important thing about them?
  Knowing this one thing can save you a lot of money!
• What are Medicare Advantage Plans and how do they differ from Medicare Supplements? What are HMOs, PPOs and PFFS plans? You need to clearly understand the differences and there are major differences.
• Are all Medicare Prescription Drug Plans the same? Hardly, there are many plans in every state and there can be big differences in premiums, deductibles, co-pays and formularies. Did you know that Medicare will penalize you for not enrolling in a drug plan, even if you don’t take any drugs?
• What if you have retirement supplement coverage from your former employer? Should you keep that coverage or switch to another plan? (Sometimes “Yes”, sometimes “No”). I’ll help determine what’s right for you.
• Did you know that you have guaranteed insurability for a 6 month period after enrolling in Medicare Part B? After that time, those guarantees disappear forever. For some people, this will be the most important thing I will talk about!

[Read more…]

FORT LAUDERDALE, FL–(Marketwire – May 22, 2012) – Slightly over 7,000 people turn 65 every day. Upon turning 65, most of us receive part A and opt for Part B. Next, the daunting task of choosing between a Medicare Supplemental Insurance plan and a Medicare Advantage plan arrives. Medicare Medics conducted a survey on how individuals turning 65 years of age obtain Medicare benefits in Broward, Miami Dade, and Palm Beach, Florida counties (a senior hot spot). An astounding 82% of seniors claimed they had no idea how or where to purchase Medical Insurance on their own or that there are too many plan letters and Health Insurance Quotes to choose from.

The survey also suggested that the majority of seniors believed Medicare Advantage plans would not be good for them since they are free of cost. Advantage plans are at no cost because the government is passing on the risk to a private carrier and in return is paying the carrier a certain amount for doing so. Many advantage plans include a prescription benefit and extra benefits such as dental, vision, and hearing. The survey also suggested that the shoppers are always puzzled when it comes to Medicare Part D, a prescription plan offered by Medicare or a private carrier.

“Purchasing Medicare Supplemental Insurance is like looking at a bowl of alphabet soup. There is Medicare Plan A, Medicare Plan B, Medicare Plan C and so on. With all these letters floating about, seniors just do not know what plan option is best for them,” said Izzy Dayem, e-Marketing Director for Medicare Medics. There are numerous options available to choose from. It is recommended to speak to a broker to find which options are best for you and your family.

• Marketwire, May 22, 2012