Tag: Medicare supplement

Turning 65 and looking for some answers?

Are you turning 65 and wondering what the next step is? 

We will be holding our next Medicare Solving The Medicare Puzzle Workshop:

Wednesday, June 26 @ 5:30 pm – Location: Troy office — 1385 Stonycreek Road. 

This is an introductory session explaining the 4 parts of Medicare and what an individual’s options are when they turn 65 or retire and go on Medicare.  We have had an excellent response to these workshops, so if you know of someone who could benefit, please let them know.

Seating is limited, so please RSVP:  Toll Free – 877-492-8803, or comment on this post!

Part B or Not Part B…That is the question

One of the most commonly asked questions I receive is, “I am turning 65 and I have employer health insurance, do I need to sign up for Part B of Medicare?”

To start, let me explain what Parts A and B are.  Part A of Medicare covers inpatient care in a hospital or skilled nursing facility, while Part B covers doctor’s visits and other outpatient care.

For most Medicare beneficiaries, the Part A decision is easy because it doesn’t cost anything.  Therefore, most people will sign up for Part A as soon as they turn 65.  But the Part B decision can be a little more complicated, since you have to pay a monthly premium for Part B which is $104.90 for most individuals.

When deciding whether to sign up for Part B, the first question you need to answer is whether you have employer health insurance through your employer based on your active employment or if you are covered under your spouse’s employer plan based on his/her active employment.  The key word here is “ACTIVE.”  If your health coverage is based on active employment, then whether you decide to delay Part B will depend on the number of people employed by the employer providing the insurance.

If there are 20 or more employees at the company where you or your spouse work, then the employer insurance pays first and Medicare pays second.  If this is the case then you may want to delay enrolling in Part B as long as you are happy with the employer coverage and the cost is not too high.

If there are fewer than 20 employees then Medicare pays first and the Employer plan pays second.  In this scenario you should not delay enrolling into Part B.  If you decline Part B you will have no primary insurance for doctor office visits or outpatient services, which is usually like having no insurance at all.

In either case, as long as you have coverage from active employment, you will have a Special Election Period to enroll in Part B when you retire with no late enrollment penalty.  It is important to remember that COBRA and retiree insurance are not considered current employer insurance and you will not have a Special Enrollment Period.  If you have COBRA or retiree insurance and delay enrollment in Part B you may have to pay a penalty when go to sign up.

Medicare is a big animal with a lot of rules, so it is important to discuss your personal situation with an expert before you make these decisions.

Look who’s turning 65…

Famous & 65An ex-vice president, a rock star and a singer/songwriter/guitarist all turned 65 in January and February.  Find out who they are…

January

February

Next workshop date announced

Our next Solving the Medicare Puzzle Workshop will be held on Thursday, May 9 at 5:30 pm in our new Sidney office at 2551 Michigan Street in Sidney. Seats may be reserved by calling our office at 937-492-8800 or online by clicking https://seniormark.com/workshops/ .

If you know someone who would like to or should attend, please share this post with them!

Look who’s turning 65…

Famous & 65

 

 

 

 

 

I know many of you enjoy this post, so I’m sorry I’ve missed it for a few months.  So let’s catch up and see who turned 65 in:

October

November

December

January

Next Troy Workshop announced!

Our next Solving the Medicare Puzzle Workshop will be held on Thursday, December 13 at 5:30 pm in our Troy office at 1385 Stonycreek Road, Troy. Seats may be reserved by calling our office at 937-492-8800 or online by clicking https://seniormark.com/workshops/ .

If you know someone who would like to or should attend, please share this post with them!

New and improved website~

Things are changing all over the place at Seniormark! We are so excited about these changes, because it means we will be able to provide the same excellent service our clients are used to, while being able to add even more ways of teaching and expanding the knowledge base of our clients.

Today’s exciting announcement is that our website has been completely redesigned and has a fresh new look! We hope you will head over there and take a peek. We will continually update it with new videos, keep our prices current, etc.  Bookmark it and visit often for changes!

Please check out the new website at https://www.seniormark.com and let us know what you think!

We moved!

 

Our Sidney office has moved!  It’s just temporary, but for the time being our office is located at:

1271 Wapakoneta Avenue 

Sidney, OH 45365

(Yes, we are just down the street from our old office!)

Our phone number is staying the same….so you can still contact us at 937-492-8800 or toll free at 877-492-8803.

Our Troy office is not affected by this move.