Do you remember August 1979?

You might assume your regular health insurance would cover any medical costs that arise. However, what you might not realize is that the ship had to cross through international waters, and technically you were out of the country. 

People who are on Medicare Advantage plans may pay out-of-pocket costs (or expenses) such as coinsurance, deductibles and co-pays. 

If you attended high school in 1979, you are likely nearing age 65, the point when you’ll start making decisions about your Medicare options.

Six months before turning 65 is a good time to begin learning what to expect from Medicare, including deadlines for enrollment and the types of plan options that may be available, as well as how Medicare compares to employer-sponsored coverage.

If you attended high school in 1979, you are likely nearing age 65, the point when you’ll start making decisions about your Medicare options.

Once you hit a certain age, the idea of retirement is never really far from mind. Last month we talked about short-term medical coverage as one possible option to help bridge the health coverage gap between leaving your current employment and becoming eligible for Medicare during retirement. But securing interim coverage, if needed, is just a small part of preparing for Medicare. Six months before turning 65 is a good time to begin learning what to expect from Medicare, including deadlines for enrollment and the types of plan options that may be available, as well as how Medicare compares to employer-sponsored coverage. Many people don’t realize they may continue to work for their current employer if they’ve reached age 65 and still be on Medicare. In some situations, individuals may find that Medicare offers different coverage features than an employer‑sponsored plan, which can be worth understanding when evaluating healthcare options. Some people who switch to Medicare while still working may find their coverage needs are met differently than under an employer-sponsored plan. For example, certain Medicare plans may include additional benefits or features beyond what some employer plans offer. I’m available as a resource to share general Medicare information and help explain Medicare basics. I offer a Medicare 101 educational class for people who are newly 65 or about to turn 65, presented in an easy-to-understand format. Give me a call to schedule a time to meet or set up a time to attend the class, and, as always, my guidance is available at no cost to you. HealthMarkets Insurance Agency is located at 9551 Vista Way in Garfield Hts. To reach Scott McEvoy or a member of his team, call 216-815-1850. Virtual, phone and office appointments are available. HealthMarkets Insurance Agency, Inc. is licensed as an insurance agency nationwide except in MA. Not all agents are licensed to sell all products. Service and product availability may vary by state. Agents may be compensated based on enrollment. No obligation to enroll. 53164-HM-0426

Short-term coverage may be an option for college students who are home for the summer, working temporary jobs, or who may experience a gap in coverage if they are no longer enrolled in a school-sponsored health plan.

If you attended high school in 1979, you are likely nearing age 65, the point when you’ll start making decisions about your Medicare options.

If your income is above a certain threshhold, you may be required to pay higher Medicare Part B and/or Part D premiums.