Did you know that you might want to join Medicare even if you don’t have to?
Your Medicare decision isn’t always straightforward, and making the wrong decision can cost you significant amount of money
I don’t know about you but I have better uses for thousands of dollars than spending it on unnecessary health insurance.
Today I want to share Bob’s story. Bob was in a unique situation where he wasn’t required to join Medicare because he had health insurance through an employer, but joined Medicare to save thousands of dollars and ultimately get better health insurance.
I met with Bob for his “Medicare Made Easy” meeting. At the start of the meting I confirmed that he is eligible to remain on his wife’s group health insurance plan and the prescription is considered “Creditable”.
Based on this Bob wasn’t required to join Medicare.
But wait, there is more.
Bob stopped taking one of his medications, a medication used to control his diabetes, because it was too expensive under his current coverage.
Not taking his medication created a big health risk, so he wanted to see if Medicare would cover the prescription.
I found a Part D prescription plan that would cover ALL of his medications with reasonable premium and affordable co-pays.
Yes, that means Medicare covers his diabetes Medicare that his wife’s health insurance didn’t. So Bob made the easy decision to join Medicare.
Choosing to enter Medicare and leave group coverage, in this instance, proved valuable on many levels. This client’s out-of-pocket expenses were greatly reduced, as his group plan’s coverage was grossly inadequate.
This client’s quality of life has the potential to improve now that he will be able to take medications that work for him, and are the preferred treatment choice of his physicians. He will also be able to see his doctors, including specialists, on a more regular basis without the worry of high costs.
It is our goal to ensure that each of our clients has exactly the plan design they need. By providing an unbiased view, we’re able to guide clients into plans they can afford and yet will offer them coverage that will meet all of their needs.
If you are uncertain on your Medicare decision, email me at larry@mymedicareoach.com
