When you enroll in Medicare for the first time, you can choose how you get your coverage. The two main ways are through Original Medicare or Medicare Advantage. The plan you choose will affect how much coverage you get, the doctors you can see and the quality of care you receive. This is why it’s such an important decision!
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 The Centers of Medicare and Medicaid (CMS) are responsible for managing the 75 million people who receive this healthcare coverage. In order to ensure there is enough money, changes are made to the plans every so often. And - you guessed it - premiums often rise as a result.
 Medicare can be confusing! The good news is that most people report being satisfied with their health care coverage. But like other types of health insurance, Medicare is complicated and features a wide range of plans, coverage choices, premium levels and enrollment rules. If you are interested in applying for Medicare, your best bet is to contact a financial advisor in NJ who can walk you through your options.
 Remember when it was exciting to turn 16? 21? Well now it’s exciting to turn 65. This is the magic year when Medicare starts. As you know, Medicare is federal health insurance for people 65 and older, as well as some younger people with disabilities. Even though most Americans receive Medicare when they’re 65, there’s still a lot of questions about this coverage. Let’s answer the question of, “Do I automatically get Medicare when I turn 65?” and why you should also consider Medicare supplement insurance at this time. When Does Medicare Kick In? If you are collecting Social Security benefits, you should be signed up automatically to receive Medicare at age 65. If you are not collecting Social Security, you’ll have to apply for Medicare in New Jersey either online or through Social Security. You can enroll yourself in Medicare Parts A, B and D (prescription coverage) as early as three months before the month you turn 65 or three months after the month you turn 65. We always recommend that our clients stay on top of deadlines, as you could get hit with permanent surcharges if you miss them. But there’s more than just enrolling in Medicare that matters. It’s also important to know what is covered and if you need supplemental insurance. What is Medicare Supplement Insurance? Medicare does not cover everything. So what happens if this federal insurance can’t meet your needs in full? Medicare supplement insurance, or Medigap insurance, helps pay some of the health care costs that Original Medicare doesn’t cover. This allows you to reduce unexpected health care costs and preserve your savings. It also gives you the options you need to take care of your mental and physical health. Some of the things Medicare supplement insurance can help with are:
How Can I Get Medigap Insurance? All Medicare supplement insurance is sold through private insurance companies. Most of the insurance companies will expect you to have Medicare Part A and Part B, and you will be required to pay the Part B premium and the Medigap premium. As long as you keep your premiums current, your supplement insurance will automatically renew. Rather than having to work with private insurance companies on your own, it’s helpful to speak with a financial advisor in NJ. This individual will sit down and look at your overall financial picture and if Medicare supplement insurance is right for you. If it is, you can get quotes from multiple carriers and compare which ones are the best. Costs do vary, but most policies offer the same benefits. To learn more about Medigap insurance for you or your spouse, contact Leonard Financial Solutions today. We’ll be happy to provide you with free Medicare quotes.  Medicare is a government health insurance program. It may be confusing for some people, and because of this, they are not getting the most out of it. Below are some tips to guide you on the basics of Medicare.
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