Every last one of us is pretty much the same in this respect: we don’t take now for an answer. When the task is daunting, overwhelming, or complex, we always manage to escape doing it now by putting it off for tomorrow. We’re like a gaggle of Houdinis. Just when you think time constraints have us trapped, we magically free ourselves into an enchanted tomorrow land of channel flipping, Internet surfing, and power naps.
But some things are just too important to put off. Even for one more day, one more catnap, one more rerun of I Love Lucy. Medicare planning is one of these things. Not convinced?
Here are three reasons why you should start the Medicare planning process now:
Reason #1 Mistakes Happen
Glitches. Mistakes. Goofs. If there is a way something can go wrong, Lord knows it probably will. Just like a customer service call can turn into several hours of God-awful hold music, a small slip-up in the Medicare process can turn a five minute solution into a month long ordeal.
This is because you are just one of the 10,000 people turning 65 everyday. Medicare has a lot to handle; little things can slip through the cracks. Even if you are fortunate enough to not make any mistakes, you still have to plan in advance for theirs.
Reason #2 You’ve Got a Ton of Decisions to Make
Do you need a med sup? Or should you go the Medicare Advantage route? Should you sign up now? Or wait until you are done working? When are the deadlines? What are the penalties? What is a donut hole and how do I navigate it?
Take these questions along with deciding between 24 drug plans, 11 supplements and a legion of Medicare Advantage options, and you’ve got yourself a to-do list you can’t leave until the last minute.
Reason #3 Your Hairdresser Is Not a Retirement Advisor
Getting advice from your family or friends over coffee at church or in-between hands of euchre won’t cut it. And no, your all-knowing, gossip-savvy hairdresser won’t do either. Although your loved ones and acquaintances may have your best interests at heart, they simply do not know the ins and outs of Medicare. What was right for them may not be right for you. And what they overheard at the grocery store is (gasp) probably not watertight advice.
This is why seeing an expert is a great (dare I say the only) way to make sure you are on the right track, ensuring you a smooth, penalty-free transition to retirement. But you may find it difficult to schedule an appointment if you wait last minute. We will still help you out, of course, but it will save you a lot of stress to plan an appointment weeks or months ahead.
So—when should you start the Medicare Planning process? If you are within 3 months of turning 65, the answer is…you guessed it…Now!
Maybe not now, right?
Not sure what to do next? To get you started, download our free guide, “Introduction to Medicare”.