Get Medicare When Turning 65

Do I automatically get Medicare when turning 65? How do I enroll in Medicare? When should I sign up for Medicare? Do I need Medicare if I am covered by a group health insurance plan? How much does Medicare cost?

  • Medicare is not automatic at age 65
  • Enroll in Medicare in 10 minutes or less
  • Sign up for Medicare Part A at least 90 days in advance of your 65th birthday
  • You may not need Part B if covered by employer group health plan
  • Medicare supplement plans (Medigap) is priced according to your age, gender, tobacco use and zip code

Shop and compare GA Medigap plans. With more than 170 different Medicare supplement plans in Georgia, how do you find the one that is right for you?

GA Medigap rates

Compare plans side by side plus receive a FREE report showing all Medigap plans and rates in your area. Valid email address required.

 

How Do I Get Medicare at Age 65?

Most people assume Medicare is automatic when they turn 65. If you are receiving Social Security benefits you will automatically be enrolled in Medicare when you turn 65. Everyone else will have to apply.best medicare supplement plan F

Many people will receive Medicare Part A at no charge. If you (or your spouse) have at least 40 quarters of substantial wages in the Social Security system by the time you reach age 65 you have prepaid your Part A premiums.

If you refuse Part A you may be denied a Social Security benefit. Deferred enrollment in Medicare Part A is possible if covered by a group health plan. Otherwise late enrollment penalties may apply.

Medicare Part B is optional and carries a monthly premium.

You do not have to be employed in order to get Medicare at age 65. Some who have never worked in the Social Security system can still qualify based on the earnings record of their spouse. The same applies to widows and divorcees of a working spouse.

 

How Do I Get Medicare?

Signing up for Medicare is easy. I signed up in May, 2015 ahead of my September, 2015 65th birthday. You can do the same by following this link to Social Security and selecting the appropriate option.medicare turning 65

You can track the status of your application at MySSA.gov.

Track your earnings record, review estimated Social Security benefit amount, see when your next benefit will be deposited and more.

Once you enroll in Medicare you will receive your welcome letter about a week later followed by your Medicare card in another few weeks.

 

Covered by a Group Health Insurance Plan?

If you are covered under a group health plan as an active employee or spouse of an active employee you may only need Medicare Part A. If you or your spouse work for a large employer (defined as 20 or more employees) your group plan may be primary and Medicare a secondary payer. In that case you may only need Medicare Part B.

Most plan participants with a smaller employer will find that Medicare is the primary payer. In that case you need Part B. Your group health plan will be a secondary payer.

In that situation it may be to your advantage to drop the group health plan and pick up a Medicare supplement plan and Part D drug plan. Ask us for details and pricing.

You can also generate your own quote using this link.

click for instant medigap quote

 

How Much Does Medicare Cost?

Georgia Medigap plans are priced according to your age, gender, tobacco use and zip code. Many plans are priced under $100 per month and offer much richer benefits than you have experienced with your current health insurance plan.

Medicare supplement plans are standardized (all plans with same letter are identical) making it relatively easy to compare plans and rates. More than 40 different F plan rates and 30 different G plans may seem confusing.

Buying on low initial price alone may come back to haunt you later. Some carriers have a history of showcasing a low initial buy-in rate only to raise rates substantially later. One well known mutual carrier has raised rates 11 times since 2012.

Let us help you find the plan that best suits your needs and budget.

GA Medigap rates

Shop and compare. Free comprehensive Medigap report provided with valid email.

 

#GetMedicareAge65 #Turning65 #HowMuchDoesMedicareCost #GeorgiaMedicareSupplementRates #WhenEnrollMedicare

Find the Best Medicare Supplement Rate

shopCompareBig_new2

How do you find the best Medicare supplement rate? You can search Georgia Medigap rates online, attend seminars, invite a parade of strangers into your home and let them try to sell you something. The Medicare.gov site is another option as is calling carriers direct.

The best rate is the one that fits your needs and budget. What your friend Mary or Bill bought was (hopefully) right for them. But that does not make it right for you.

Mary wears a size 6. You wear a size 4. That’s close but just not a good fit.

Bill has health problems you may not be aware of, while you are in almost perfect health.

Picking the right plan for you requires a basic understanding of what is available, and realizing your decision today may be the last time you get to make a change in coverage.

This is especially true if you are turning 65 and going on Medicare for the first time.

You are about to enter the no bull zone.

best medicare supplement rate

 

Finding The Best Medicare Supplement Rate

Some people just go with a carrier they know, such as Blue Cross, Cigna, Humana, etc. simply because they had health insurance with them in the past and they never had a problem. Others will buy through an association such as AARP,  AMAC, ASA, AGA, CAP or others.

Each of these groups have a political, social or religious agenda that may or may not appeal to buyers.

Still others will ask their friends what they bought and work on the assumption it was good enough for them, it’s good enough for me.

There are pluses and minuses to each of these approaches. All that really matters is making sure you understand what you bought and being sure it will fit your needs for as long as you both shall live.best medicare supplement rate

Yes, as long as you both shall live. Just like marriage, except this is a different kind of contract.

 

The Medicare supplement policy you buy today may be the last one you ever own.

For many, the only time they will be able to purchase a Medicare supplement plan is when they turn 65. Others will qualify medically and can change plans in the future. The older you get the more health problems that can arise. That can complicate your attempt to secure a Medigap plan in the future.

Advantage plans have minimal underwriting and annual enrollment periods. In most cases you can move from one plan to another during this time.

 

Medigap plans do not participate in the annual enrollment period.

You can change plans (at any time, not just annual enrollment) but you have to prove you are healthy.

You would be surprised how many people don’t know that. Even people who have been on Medicare for years believe they can change their Medicare supplement plan during open enrollment.

They can, but it is not automatic.

Finding the best Medicare supplement rate is really pretty easy. Just ask.

 

Buy a Name Brand

Many people think if they buy from a name brand carrier they will be fine.

That is a false sense of security.

AFLAC is a name brand. Big, well known name. Entered the Medigap market in 2012. Exited in 2013. Those who bought AFLAC and were in good health moved to a different carrier.

The unhealthy ones stayed around.

Premiums had to support a smaller block that is getting older and sicker by the day.

What about Mutual of Omaha? Isn’t that a wise choice.

 

Which Mutual of Omaha are you buying?

Mutual of Omaha, United World, United of Omaha or Omaha Insurance Company?

It makes a difference. Each Omaha carrier has different rate structures. When a new Omaha carrier is introduced in your area the new applicants are usually offered rates that are often 25% less than you are paying.

Relying on a brand name to help you find the best Medicare supplement rate may not be your best decision.

 

Buy From a Carrier You Know

You will be surprised how many people that are retiring from a job will simply sign up with the carrier that has their group health plan. Somehow they believe they are getting a better deal.

Your Aetna group health plan is not the same company that writes under the Aetna name for Medigap coverage. Same is true for Cigna group vs. Cigna Medicare supplement.

Two different companies.

If you are going on Medicare for the first time your new Medigap carrier is not allowed to ask any health questions. So the Cigna that offers you a Medicare supplement plan is not allowed to view your medical history with the Cigna that has your group plan.

No harm, no foul.

But that won’t guarantee you the best Medicare supplement rate.

Sometimes the carrier that never could pay your group health claim properly (at least in your eyes) will pay all your Medigap claims on time and without a hitch.

Buy from someone you know does not guarantee you will get the best Medicare supplement rate.

 

Medigap Rate Transparency

When you get an instant FREE Medigap quote from Georgia Medicare Plans you will also receive a report like this one. We will show you rates from carriers that offer coverage in your area. The report is tailored to your age, gender and zip.

This is part of our Medigap rate transparency approach.

We don’t know of another agent that freely volunteers this information. Also, we will answer your questions by phone or email. You have entered the no bull zone.

No tricks.

No games.

No bull.

Other agents may refuse to give you a rate by phone or email.

Not us.

Our glass pockets approach means you will have many plans and carriers to pick from rather than just a few.

 

Most of the people we talk to eventually become clients

because they know they can rely on us to show them the best Medicare supplement rates and help them find a plan that fits their needs and budget.

They also like the fact the will get straight answers to their questions. When you call you get me or my voice mail. Leave a message during the week and you will get a call back usually within 24 hours and often the same day.

We want you to have the best Medigap plan possible and will help you find it with the least hassle.best medicare supplement rate

Email inquiries are often answered within 2 hours or less. I do make exceptions for those that come in at 2 AM. Don’t expect me to get up every two hours during the night to answer your questions.

It won’t happen.

Not only do you get the best Medicare supplement rate, but you can tap into my 40 years of experience at no charge.

Or you can go online to sites that capture your information and sell it multiple times to agents. You can call every carrier that writes Medigap and listen to their sales pitch. You could also invite a parade of agents to come to your home and vow not to leave until you buy or call the police.

We have clients all over the state of Georgia. Everything is handled by phone and email. You don’t come to see me. I don’t go see you.

Most people prefer it that way.

You can start your search for the best Medicare supplement rate here by getting a free, instant Medigap quote. Your information is never sold  and you will get a report just like this as soon as I have a few minutes to review your information.

How easy is that?

 

shopCompareBig_new2

 

 

#BestMedicareSupplementRate #FreeInstantMedigapQuote #GeorgiaMedicarePlans #BobVineyard

Playing Politics with Social Security

Many baby boomers thought Social Security would not be around by the time they had their 65th birthday. We are barely 4 social security ponzi schemeyears into the boomer generation, born from 1946 through 1964, but already the folks in DC are wondering how to deal with 10,000 of us crossing the finish line every day. The Social Security Trust Fund has been raided so often there is little left in reserve to pay our benefits.

  • What is the problem with Social Security?
  • How did this mess occur?
  • What happened to the Trust Fund where reserves were held in a lock box?
  • What steps are being taken to preserve Social Security?
  • How should I plan for retirement?

 

Social Security and an aging population

As Suzanne Fields writes in the Washington Times

At the beginning of the 20th century, a baby born in America was expected to reach the ripe old age of 47. My grandson, delivered on Christmas Eve, can anticipate living to the age of 79. If progress continues, his life expectancy will rise to 88. At the end of the century, the norm may be a cool 100.

Along with The Greatest Generation, Boomer are living longer, healthier lives. Improved lifestyles and the miracle of modern medicine allows us to live longer, more productive lives.

When Social Security was created the average life expectancy was 61. Only 54% of men and 60% of women lived to age 65. Congress only had to fund benefits for less than half the people born in 1935. The rest would pay into the system but never collect.

And to think they threw Charles Ponzi in jail for his scheme which involved using funds from new investors to pay returns to social security ponzi scheme 2the early investors.

Social Security was always designed to be a “pay as you go” system where retiree benefits were funded by payroll taxes on the current labor force.

Despite popular belief, you do not have your own Social Security account. When you reach retirement age your benefits are paid from the payroll tax revenues on current workers. Money you paid in over your working lifetime were used to pay retirees.

The flip side is, if you die before you retire you get nothing. Your estate will receive a $255 death benefit. The rest of the money you paid in is gone.

 

How did we get to this point?

Simple.

The folks in DC found a way to turn a promise of “security” into a vote buying scheme. Promise more benefits with the belief socia security ponzi workers to retireesthat the next generation can fund the promises.

In the distant past, Social Security was a “pay-as-you-go” system, where current tax collections paid for current benefits. The Social Security trust fund idea gave us the illusion that we were advance funding Social Security benefits, in a manner similar to the private pension system. In reality, though, Social Security is still pay-as-you-go, with the difference being that future generations will pay for both the benefits outlay and the repayment of principal and interest on the special government bonds in the trust fund. – CBS News

Congress borrowed from Peter to pay Paul. Current workers are not only funding current retiree benefits but also paying back the loans (in the form of government bonds).

Part of the problem is there are fewer workers for each retiree than there were when Social Security began. People are living longer now and retiring earlier. This is a problem.

 

Fixing the Social Security problem

Congress has created a monster with an insatiable appetite so what can they do to tame the beast?

Social Security is based on age assumptions rooted in the last century, but Social Security remains “the third rail of politics.” A president touches it at his peril. The last president who raised the qualifying age for benefits was Ronald Reagan, our oldest president. President Obama, with a new conservative Congress, will not likely do much more than talk about the problems of Social Security, although its pay formula remains unsustainable. – Washington Times

BOSTON, MA, USA - 30JAN02 -Three people are dreaming: National Security dreamer sleeps soundly; Houneland Security dreamer sleeps soundly; Socieal Security dreamer is wide awake. CARTOON: Clay Bennett / The Christian Science MonitorIn case you missed it, the normal retirement age for full Social Security benefits is no longer age 65 for the Greatest Generation, Boomers and those that follow.

People born in 1937 and earlier were the last generation that could draw full retirement benefits at age 65. If you were born in 1938 your NRA (normal retirement age) was 65 and 2 months. Born in 1939, NRA is 65 and 4 months and so on.

Age 66 is the new NRA for people born from 1943 through 1954. The last of the boomers must wait until age 67 to collect their NRA full benefit.

Every year our elected officials debate ways to keep Social Security solvent. Some of the ideas have already been implemented including raising the NRA and taxing benefits if you have earned income above a certain level.

Other ideas considered but not (yet) implemented include:

  • Chained CPI for future benefit increases
  • Raise FICA taxes
  • Increase the FICA cap on wages
  • Further increases in the NRA
  • “Means testing” for Social Security beneficiaries

We have no way of knowing which (if any) of these considerations will be implemented. What we do know is this. Congress can’t afford to keep kicking the Social Security can down the road and we can’t bury our head in the sand and pretend everything is fine.

 

Planning for retirement

Here are a few suggestions for those who will be retiring soon or are already retired.

  • Reduce pesonal debt
  • Improve your health
  • Match your Medicare plan with your needs and budget
  • Reduce your health care cost

Retirement planners and financial advisers suggest you enter retirement debt free but that isn’t always possible. In addition to a mortgage, many retirees still have student loan debt. Some is their own debt while others may be on the hook for loans as a co-signer. These calculators at Bankrate can be helpful if you have debts that still need to be paid off.

Improving your health has many benefits including lowering your monthly outlay for medication. Walking is something most of us can do and all it costs is a decent pair of walking shoes. I get mine at Kohl’s for less than $100. Best money I have ever spent on my health and I got a quick return.

Last summer I started walking 4 miles a day, usually in the A.M. before it got hot. Within a month I had lost 6 pounds and dropped my BP from 141/92 to a more respectable 126/82. Not bad for a chubby guy going on Medicare later this year.

My mother battled high BP all her life and died of a stroke at 82. I vowed not to follow in her footsteps and now maybe I am improving my odds.

Most people pick a Medicare plan based on the monthly premium. If you are like that you are looking at the wrong end of the equation. Retirees on Social Security should look at the cost of their health care rather than the premium. A low premium Advantage plan could leave you with several thousand dollars in out of pocket costs for health care or prescription drugs. Same can be said for Medicare Part D.

I ran a report for a new client that only takes two medications. He mentioned at $15 plan from Humana as one he had considered. When I ran a report for him a $20 plan offered a better value. Even with the $5 higher monthly premium he would save almost $400 per year in drug costs. It would have been very shortsighted to have looked at the premium alone.

This same client wanted Medigap plan F and was trying to decide between AARP/United at $180 and Blue Cross for $192. I showed him plan G for $132 but he insisted on plan F.

We compromised on plan F for $151 and still saved him money over plans he picked on his own.

He can stretch his Social Security check a little farther now by saving over $65/month on his medications and Medicare supplement.

We might be able to save you even more. It all starts with a free Medigap quote.

medicareplansgeorgia

Enroll in Medicare at Age 65

When do I enroll in Medicare? How do I sign up for Medicare? At what age can I begin Medicare benefits?

These are all things Georgia citizens that will turn age 65 need to know.

Turning 65?

Enroll in Medicare age 65

Enroll in Medicare Part A and Part B

Most people will choose to sing up for  Medicare Part A on their 65th birthday. If you want to enroll in Medicare Part B you will have to elect that coverage by signing up online or calling Medicare.

If you are receiving Social Security you will be automatically enrolled 3 months before your 65th birthday

You can sign up at the SSA/Medicare site, or call 1-800-MEDICARE.

When you enroll in Medicare Part B only cover a portion of your doctor and outpatient expenses will be paid by Medicare. Medicare Part B has an annual deductible you must satisfy, and then you pay 20% of expenses approved by Medicare but not paid by Medicare.

For some, this can amount to a lot of out of pocket expenses.

Check out our Medicare FAQ page

Buy a Medigap Plan

To offset your Medicare Part A and Part B expenses, most folks in Georgia will purchase a Medigap plan.

The popular Medigap plan F is what most people are sold and never told about lower premium options that deliver better value. Probably 90% of my clients purchase Medicare supplement plan G once they realize how much money they are throwing away on Medigap plan F.

Understand your Medigap options by reviewing the Medicare guide to CHOOSING A MEDIGAP POLICY.

Compare Medigap rates and plans online. Click, quote, review, compare. In addition to your online quote, a personalized proposal will be sent direct to you.

Enroll in Medicare Part B when you are first eligible to avoid any late enrollment penalties.

You should also enroll in Medicare Part D when you enroll in Medicare Part B. If you enroll in Medicare Part D late you will pay a lifetime penalty of 1% per month for every month you could have enrolled in Medicare Part D but did not enroll.

Ask us how to enroll in Medicare or how to find low cost Medigap rates.

shop and compare Medigap plans and rates

 

#EnrollInMedicareAtAge65

#Age65EnrollInMedicare

#Age65SignUpForMedicare