Medicare Open Enrollment: Everything You Need to Know – Episode 17
Every year from October 15th-December 7th, open enrollment for Medicare is taking place. So today we are welcoming a special guest to dive deep into everything you need to know about Medicare. Jesse Psinas is an Advisor here at 210 Financial and is our resident expert on the topic.
In today’s episode, we’re covering the major Medicare plans available to you, what premium ranges you can expect, advantages and disadvantages of various Medicare programs, when you’re eligible, and much more.
As always, thank you so much for watching and listening! When it comes to Medicare, a lot of necessary decisions are unique to your situation. Our team is always here to help you navigate what’s best for you.
1) There are two things you’re promised from the government: Social Security and Medicare. These are the government’s way of supporting you after you have spent your life working. Social Security provides a guaranteed paycheck and Medicare provides guaranteed health care. It’s important to understand these programs.
2) 65 is the “magic” age for when you’re eligible for Medicare. As you approach your 65th birthday, you’ll likely be bombarded with marketing about various plans. It’s not as difficult as it looks, but it can feel overwhelming. If you’re still employed, this is a good time to talk with your HR department and get their recommendations for whether or not you should pursue Medicare.
3) There are two main parts to Medicare. Part A is free because it’s connected to social security, and this is your major hospital coverage for big health events. Part B requires a premium and covers care such as doctors’ visits, blood draws, seeing specialists, etc.
4) We’re here to help! Even if you’re already on a plan, we can do a comparison check to make sure you’re on the right plan for your current situation. We are happy to walk you through the advantages and disadvantages of your options. Get started here.
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Insurance products are offered through the insurance business 210 Financial.210 Financial is also an Investment Advisory practice that offers products and services through AE Wealth Management, LLC (AEWM), a Registered Investment Adviser. AEWM does not offer insurance products. The insurance products offered by 210 Financial are not subject to Investment Advisor requirements. AEWM and 210 Financial are not affiliated companies.
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