If you’re new to Medicare, you probably have a lot of questions about what coverage is right for you. You’ve likely seen commercials on TV or have talked to other people your age, so you might have a basic understanding of the coverage available.
However, it’s also easy to be misinformed if you’re not getting the right information. For example, Medicare Advantage plans are often portrayed positively in advertisements, and while there isn’t necessarily anything ‘wrong’ with these plans, they also limit the doctors you can see.
To help you make an informed decision, here are the questions we recommend asking when going for Medicare help in New Jersey.
What are the Basics?
Medicare is a complex federal healthcare program that can be confusing at times. Educate yourself on the basics of this coverage, including who is eligible, the different parts available, the times to enroll and potential penalties that can result from putting off enrollment.
What Coverage Options are Available?
Everyone has different healthcare needs, so what’s right for your friends may not be right for you. Some people choose Original Medicare while others opt for the more budget-friendly Medicare Advantage. And if you currently have employer insurance, you may decide to wait to enroll in Medicare until you’re retired.
What Type of Medicare Do I Automatically Get?
Many people don’t even have to enroll in Medicare to receive it. If you’re getting Social Security benefits, you’ll automatically be enrolled in Part A and Part B. But because this enrollment can happen automatically, you’ll want to be aware of your options so that you get the healthcare coverage you need.
Should I Enroll in Part D?
Part D of Medicare is prescription drug coverage, and there are many options to explore. Original Medicare may not cover your prescriptions - it only covers medications in limited situations. And, if you choose to sign up for Part D later on, you could face a late enrollment penalty.
Do I Need Supplemental Insurance?
When initially enrolling in Medicare, the government allows six months to purchase a supplement plan. These plans can help you reduce your out-of-pocket costs by paying for copays, coinsurance and deductibles. It’s definitely worth exploring Medigap plans with your financial advisor in NJ.
Will I Have to Change Doctors?
As long as your doctors accept Medicare, then you don’t need to change them. Many primary care doctors accept Medicare so you shouldn’t have to worry. This is also a key reason why we recommend Original Medicare over Medicare Advantage as your doctors are far less limited.
For personalized Medicare help in New Jersey, contact Leonard Financial Solutions today. We can go over your circumstances and the type of coverage that is right for your health and budget.
However, it’s also easy to be misinformed if you’re not getting the right information. For example, Medicare Advantage plans are often portrayed positively in advertisements, and while there isn’t necessarily anything ‘wrong’ with these plans, they also limit the doctors you can see.
To help you make an informed decision, here are the questions we recommend asking when going for Medicare help in New Jersey.
What are the Basics?
Medicare is a complex federal healthcare program that can be confusing at times. Educate yourself on the basics of this coverage, including who is eligible, the different parts available, the times to enroll and potential penalties that can result from putting off enrollment.
What Coverage Options are Available?
Everyone has different healthcare needs, so what’s right for your friends may not be right for you. Some people choose Original Medicare while others opt for the more budget-friendly Medicare Advantage. And if you currently have employer insurance, you may decide to wait to enroll in Medicare until you’re retired.
What Type of Medicare Do I Automatically Get?
Many people don’t even have to enroll in Medicare to receive it. If you’re getting Social Security benefits, you’ll automatically be enrolled in Part A and Part B. But because this enrollment can happen automatically, you’ll want to be aware of your options so that you get the healthcare coverage you need.
Should I Enroll in Part D?
Part D of Medicare is prescription drug coverage, and there are many options to explore. Original Medicare may not cover your prescriptions - it only covers medications in limited situations. And, if you choose to sign up for Part D later on, you could face a late enrollment penalty.
Do I Need Supplemental Insurance?
When initially enrolling in Medicare, the government allows six months to purchase a supplement plan. These plans can help you reduce your out-of-pocket costs by paying for copays, coinsurance and deductibles. It’s definitely worth exploring Medigap plans with your financial advisor in NJ.
Will I Have to Change Doctors?
As long as your doctors accept Medicare, then you don’t need to change them. Many primary care doctors accept Medicare so you shouldn’t have to worry. This is also a key reason why we recommend Original Medicare over Medicare Advantage as your doctors are far less limited.
For personalized Medicare help in New Jersey, contact Leonard Financial Solutions today. We can go over your circumstances and the type of coverage that is right for your health and budget.
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