Whether you are just turning 65, retiring or you have been on Medicare for a while understanding how Medicare works will help you maximize your benefits. There are many working parts to Medicare and options to supplement Medicare shortfalls.
There are four things to consider when you are weighing your options.
Medicare is always evolving and changing. Centers For Medicare Services are making changes for 2020 that will impact all Medicare Beneficiaries. Medicare Supplement Plan "F" will be discontinued in December of 2019. These means those on Plan "F" can keep it but no one new to Medicare will be able to enroll. How will this impact those currently on plan "F"?
In 2020 the how you shop for your Part D options changed. In 2019 the "donut hole" closed. This is the biggest change to Part D since it was implemented on January 1, 2006. There are 4 stages to Part D and it is very important that you understand them.
Let us help you prepare for these changes by keeping you informed.
Understanding Basic Medicare is the first step to helping you discover what is truly important to you. Let us spend a few moments with you in the beginning explaining how Medicare offered through the Federal Government works. The next step is to find out what is important to you. You have many options to choose from to supplement your Medicare and it is important for you to understand those options.