The most important fact about choosing a Medicare planFeb 06, 2021
As you go through the process of learning about your Medicare options and eventually choosing the right Medicare plan for you, you will be bombarded with junk mail, unwanted phone calls and even knocks on your door trying to steer you into a Medicare plan.
Most of the information comes from insurance carriers wanting you to enroll in their plans or insurance agents trying to convince you to enroll in the only plan they sell.
Unfortunately, none of this communication tells you the single most important thing you need to know when choosing a Medicare plan.
This single most important thing to know about Medicare is - If you do not enroll in a Medicare Supplement when you first go on Medicare Part B - or within the first six months of your Medicare Part B effective date - you may never again be eligible for a Medicare Supplement.
The reason for this is that after six months, Medicare Supplement carriers can ask health questions and many conditions that you may have now - or may develop in the future - may make you ineligible.
This means that if you enroll in a private, for-profit Medicare Advantage plan - or Medicare Replacement plan - such as Humana Gold Plus you may be permanently losing the most important Medicare benefits you have earned through your lifetime of hard work. The benefit you could be losing is the opportunity to have regular Medicare combined with a Medicare Supplement that will pay all or almost all of your health care costs the rest of your life regardless of your health.
With a Medicare Supplement, you eliminate the risk of having to pay thousands or even tens of thousands of dollars in unplanned costs if you get sick.
As we get older, knowing that all of our health care costs are covered in one simple monthly premium is a comforting benefit for us and our families. Don't give away this peace of mind by choosing a private, for-profit Medicare Advantage plan that makes you pay thousands or tens of thousands of dollars when you become sick and then makes you ineligible for the plan you needed in the first place.
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