“The trouble with retirement is that you never get a day off”
If you are turning 65 then you are probably considering your health insurance options. Have you received your ream of health plan enrollment materials from various insurance companies?
You probably also received your Medicare card, which is commonly referred to as the red, white and blue card. This card entitles you (a new Medicare beneficiary) to hospital and doctor services (Medicare Part A & B).
Medicare is a Federal health insurance program for the 65 and older crowd (younger consumers can also qualify due to being disabled for 24 consecutive months or more). Medicare did not always exist. Former President Lyndon B. Johnson signed it into law on July 30, 1965.
Former President Harry S. Truman was the first Medicare beneficiary. Over the years the program has become stronger and since 2006 beneficiaries have also been able to choose a prescription drug benefit (Medicare Part D).
Despite the success of the Medicare program it still does not cover 100% of health related cost for beneficiaries. As a result many beneficiaries choose not Medicare alone.
Medical expenses that fall outside of what Medicare covers can be a financial nightmare.
Private insurance companies offer Medicare supplement plans “medigap” and also separate Part C Medicare Advantage plans (MAPD) which includes Rx and additional benefits not covered by Medicare.
Many of our clients rejoice to learn that we can make the process of shopping for Medicare health insurance and enrollment easy by walking them through options that match their individual needs.
Our Solomon Financial and Insurance Services is based in Beverly Hills, CA and has helped thousands of Medicare beneficiaries save money, time and frustration.
Visit us online at www.OurSolomon.com for more info or call us to rsvp for one of our monthly Medicare Educational Workshops held in West Los Angeles, CA.
You may also have your employer call us at 424-288-7649 to schedule a Medicare Educational Workshop for you and peers at your company.