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Costliest Mistakes You Can Make When New to Medicare


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Nine Costliest Mistakes You Can Make When New To Medicare

I have been helping seniors with insurance and financial decisions since 1984.  In that time I have spoken with seniors of all ages; both new to Medicare and people who have had Medicare of some form for many years before I came into their life.  I have witnessed or been privy to just about every Medicare horror story you can imagine.  All of the stories are heartbreaking and, in many cases, preventable.  In this article, I will present the costliest mistakes you can make when new to Medicare, based on my experience.

Costliest Mistakes New To MedicareThe most frustrating point from my perspective is that many, if not most of the heartbreaking occurrences I have seen or heard could have been avoided with proper guidance and decision making early on.  If people knew the risks and potential pitfalls of their decision ahead of time, they may have chosen a Medicare different path.  Unfortunately, too many people don’t make the effort to research or understand Medicare and then talk about their choices with a person who is both experienced and knowledgeable.   Too many people make decisions about their Medicare/healthcare without being fully informed of their all their options.  My goal, with the free educational videos on my website and the articles I write, is to help you make an informed decision about your Medicare.   Because of my experience, I can provide insight you may not have even considered. I hope the articles and videos I provide are helpful and educational. 

When you are just starting out with Medicare you have some important decisions to make.  These decisions and the amount of effort you put into making the right decision for your needs and your budget will set the stage for the quality of healthcare you receive for the rest of your life.

My company motto is to “Help you to make an informed decision.” An informed decision about which Medicare plan is right for your needs and your budget is critical.  There is no true right or wrong as long as you are informed ahead of time about the pros and cons of each decision.  No one likes surprises when it comes to their healthcare.   

To help you make an informed decision I have produced a full library of educational videos on Medicare.  These are offered free and without obligation.  You can find them here: https://medigapseminars.org/on-demand-webinar/  All the videos linked in this article can be found on that page.

In addition, here are the Nine Costliest Mistakes you can make when new to Medicare (in no special order).  Yes, this is a long article.  Print it out if you must.  This is important information that can save you both money and heartache. 

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Medicare for Florida Snowbirds

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……tips and information on Medicare for seniors that spend part of the year in Florida; our Florida Snowbirds

There are literally millions of Florida Snowbirds; people who come from all over the U.S. to spend the winter months in comfort of a warm Florida winter.  At last count, there are nearly 1.5 million Snowbirds that live part of the year in Florida and Sunbirds that move north (back to a home state) in the summer.  Palm Beach County was home (or half home) to 143,000 Florida Snowbirds and Jupiter, my home town, home to over 56,000.

Florida snowbirds are people who can live a life many others only wished, spending part of their time in a home state and moving to Florida in the winter to avoid the northern freezing temperatures and snow.  South Florida has a sub-tropical climate where we can measure the cold moments in hours, not days.  Central and Northern Florida are not as warm, but compared to New York, New Jersey, Pennsylvania, Virginia, Maryland, Indiana and other northern states, it’s a warm winter paradise.

Unfortunately, with two homes comes some confusion when it’s time to sign-up for Medicare. We hear the same very important questions time again; can I get Medicare from any state I live in?  Does Medicare cover me in both states?  If Medicare Supplements in one state are cheaper, can I purchase my supplement there and use it in Florida?  How does Medicare Advantage work when you live in two states?

With this article I will answer those questions and more on Medicare for Florida Snowbirds.  There are multiple features and rules with Medicare that are critically important to those who live the life of a seasonal nomad.  Unfortunately, few agents and brokers have the experience of working with Snowbirds and I have seen and heard of incorrect information and advice that has caused harm to the people who look to an insurance professional for advice and guidance.

Why Are Florida Medicare Supplement Plans So Expensive?

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Do I Need An Insurance Agent For Medicare?

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With approximately 10,000 people turning 65 every day in the United States, there is a lot of interest in Medicare.  Every day people are searching the internet or opening the 150 page Medicare & You handbook to learn about the rules, the features, the benefits and the choices they have when it comes to Medicare.  One of the first questions people often ask of themselves is “Do I need an insurance agent for Medicare?”  Well, Medicare is not complicated, although the new terms can be confusing at first.  It does take time to learn, especially for those that do not work with insurance every day.  And it is easy to miss important information and to make wrong choices that cost thousands of dollars down the road.  The right insurance professional can help save you time, reduce confusion or the frustration of learning something new and can save you thousands of dollars in medical expenses that you may not be considering when wading knee-deep in Medicare regulation.  This guide to finding an insurance agent who will represent your best interest will help.

 Read this article or watch our updated article in video format!

 

Help with MedicareWhat we have found in our many years of experience in the industry is that most people who choose not to seek the help of a professional agent do so because they fear being sold something.  It’s like how I feel when I walk into a car dealership.  I want a car, and I wouldn’t mind some honest help in considering what to purchase, but I don’t want to be sold a car.  I understand. 

A second reason for not seeking advice from a professional is the belief that you can get all the information you need on their own.  Well, that is true, the information is available. However, as a wise man once told me; “Knowledge is not wisdom, and wisdom is not experience.”  Anyone can get the knowledge they need from the Medicare & You handbook and the Choosing a Medigap Policy publication.  You can even call Medicare or other government services.  But, none of those sources can pass along what a good professional has learned from experience.

If you are concerned that an insurance professional will try to sell you something, this article is for you.  This is a guide to finding an insurance professional who will represent your best interest and will add value to your process in learning about Medicare and making the right choice in plans at the best price available.

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