BABY BOOMERS CONFUSED ABOUT MEDICARE

According to a Recent NAIC (National Assoc. of Insurance Commissioners) survey, the first wave of baby boomers turns 62 this year and are confused about how to begin their Medicare benefits. They are not sure what options they have concerning health care and prescription coverage.

Baby Boomers are Americans born between 1946 and 1964. Only 36% correctly knew that Medicare eligibility begins at age 65. 66% of respondents said they were”not very familiar” or “not at all familiar” with options such as Medicare Part B Supplements, Medicare Advantage Plans or Part D Drug Coverage Plans.

When you turn 65 or you are coming off of your retirement benefits you will need to get a Supplement to pay the 20% of your doctor and hospital costs that Medicare does not cover. Medicare only covers 80%. Then you will need to choose a Part D drug plan to help with medication expenses. There are many plans to choose from in each state and you will need a comparison based on your particular medications to make sure they are covered and at the lowest co-pay and premiums. You only have a certain time period to get your coverage with no underwriting!!

We have helped thousands of people that are NEW TO MEDICARE! We can explain your benefits and help you understand your choices. All you have to do is fill out the worksheet or call us

toll free at 866-752-1795.

Please write to me, Karyn Blake, here at My Part D USA’s blog at kblake@MyPartDusa.org. Or you can email this article to a friend.

Published by mypartdusa on February 27, 2008 in Other Topics of Interest.

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