I'm Losing My Employer Retirement Plan, What Do I Need NOW? What Should I Do?
QUESTION Cheech & Chong’s Next Movie dvd : I am losing my Retirement Plan from my company I worked at for many years. They are telling me that I can only choose between plans they are giving me at this insurance enrollment number. If I use another enrollment method or get different plans from what they are offering they won’t pay for it anymore. Can they do this? What do I really need to be concerned about getting on Medicare?
ANSWER: Yes, Virginia, there really is a Santa Claus! I’m sorry for being sarcastic, but it is amazing to me that companies out there are trying to confuse people getting on Medicare. YOU STILL HAVE CHOICES JUST LIKE EVERY OTHER AMERICAN CITIZEN WHEN THEY ARE FIRST GETTING ON MEDICARE!! What your company is really saying is…..we have made a deal with these “certain” insurance companies that if you “enroll” with them AND take out the plans “we want you to take out” WE WILL HELP YOU PAY FOR IT.
The Thomas Crown Affair video Most people when they retire go on Medicare with no financial help. Usually if you have retired from a company, you can afford the $100 a month, give or take a little, for premium on a MedicareSupplement/Medigap plan, which is most certainly the best coverage and what you should be offered. If you are desperate and cannot afford this premium, THEN and only THEN should you take up the offer from your employer and join a Medicare Advantage Plan. This is INFERIOR COVERAGE AND HAS NO NETWORK OF DOCTORS OR HOSPITALS THAT WILL ACCEPT THESE PLANS. Also, they are not going to be available after 2011 anyway. So, my “educated guess” (yes, I’m being sarcastic again) is that since the insurance company gets paid at least twice the commission for selling you Medicare Advantage Plans, they want to get these sold as long as they can, and they make some kind of “deal” with your employer.
The All Together trailer After 2011, you will be right back in the same spot of choosing another kind of health plan. Please read more about Medicare Advantage Plans under the “category section” on the left side of the homepage of the blog.
What you need to do is to call a local agent that you trust, or contact us and get a comparison of Premiums on a Medicare Supplement/Medigap plan and also a comparison based on your drugs, of a Stand Alone Part D for drugs plan. That is ALL you NEED. Drop Dead Gorgeous hd
Now some of you are also used to having dental and vision coverage under your retirement program. There are no insurance plans for people on Medicare for dental and vision. The Medicare Advantage Plans have these little teaser benefits, but nothing like you used to have and should not be a deciding factor in chosing to use a Medicare Advantage Plan. Believe me, if there were any kind of decent vision and dental plan out there for Medicare beneficiaries, I would have found it. There are plans you can join, BUT THE PREMIUM IS NOT WORTH THE BENEFITS, OR YOU ARE WASTING YOUR MONEY. There are plenty of salespeople out there that will sell you dental and vision plans all day long. So just think about that…..
Universal Soldiers full movie When picking out a Part D plan, the only thing you need to worry about is saving the most on your co-pay and premium for the first $2,830 worth of drugs you buy. After that, you don’t need to use your drug plan at all….you NEED TO SHOP AROUND AND BUY YOUR DRUGS AT THE PLACE YOU CAN FIND THE BEST PRICE NOT USING YOUR DRUG CARD. ALSO, BEGIN THE YEAR BY NOT BUYING YOUR GENERICS ON YOUR DRUG CARD. If you read my other blogs about “drug savings tips” you will understand how this will keep you OUT of the DREADED DONUT HOLE LONGER EACH YEAR! The only people who should buy all their drugs on their drug plan are those that will hit the donut hole and reach the other side to the 95% coverage!! Get past that donut hole ASAP and begin getting your 95% coverage.
So, please find yourself a comparison of Medicare Supplement/Medigap plans and a Part D Plan, based on your prescriptions and enroll on those 2 things. You will be glad you did!!!!
Go to www.MyPartDusa.com and enter in your drugs and tell us what situation you are dealing with in the comments. We will honestly help you understand and get the best coverage!!!
THOUGHT FOR THE DAY: Life isn’t about waiting for the storm to pass, but learning to dance in the rain.
