There could be chance that you have already signed up for Medicare and you believe all your medical expenses are catered for and handled by them. Some may be turning 65 and are hoping for the same but is this the case? I doubt it. Let us look at this situation a little closer.
It really does pay to shop around for a supplementary health insurance for medicare quote. But honestly, if you do, you will get bombarded by a bunch of high pressure sales people. The fact is, you probably have better things to do!
Part B is the Part of Medicare that pays for most out-patient expenses like visits to your doctor. The way I like to remember it is that it pays for your expenses (B)efore you get admitted to a hospital.
AEP – This is the Annual Election Period. This is the one most people know about – the one you see the TV advertisements for. This occurs between November 15 and December 31 each year. You can make changes to your Advantage plan during this time.
medicare supplements can ensure that some get much needed medications or can afford to pay for costly treatments. It can be the difference in being completely cared for and only partially. For those on a fixed income, it can truly be a lifesaver. Medigap ensures that no one is left without the care they need. It covers the many things that Medicare simply doesn’t cover. It eliminates much of the out of pocket expense.
The older you get, the more you may need a supplement plan. At this point in your life, you may find that you don’t need one. If you only go to the doctor for preventative care, and only need to fill a prescription once or twice a month, Medicare plans may actually wind up taking money away from you. This is especially true if you have Medicare Part A and Part B. You are required to pay a premium on Medicare part B. Some policy holders may already find this premium a bit expensive. If you are not in dire need of health care, it’s possible to hold off on a supplement plan.
Yes, this decision was very hard to make, but I’d rather do it before another medical catastrophe hits me that I’m unprepared for than afterwards. Now is not the time to stick my head in the sand or talk myself out of getting coverage by saying I couldn’t afford it.