|**This is Part 2 of a 5-part series intended to answer many of the commonly asked questions for people turning 65 or going on Medicare.**You will, no doubt, be inundated with information by mail, phone and email regarding your upcoming transition to Medicare. Medicare-Supplement-Comparison.com offers this informational service to upcoming Medicare enrollees. This is intended to help you sort through the information and misinformation regarding turning 65.
Part 2 – The Three Common Mistakes Made by Individuals Turning 65
Those turning 65 have a lot to sort through. Information comes at you from every direction. Here are three common mistakes those turning 65 often make. It is our hope that this helps you avoid these pitfalls in your decision-making process.
Mistake #1: Going on 10 websites and requesting information.
You may wonder why we would say that. After all, that’s how we do business. However, we recommend using only one, at most two, independent agencies, to compare rates and coverages when turning 65. Independent agencies/agents all have access to the same rates/plans, so you will get the same coverage or rates, no matter how you sign up. Comparing rates from dozens of agencies only further complicates the matter and adds to the enormous amount of “junk” you will receive.
So regardless of who it is, be careful how much you put your personal information out there. As a side note, try to find websites that are actual agencies, NOT “quote farms” who will sell your personal information to 8-10 agents.
Mistake #2: Choosing a company based on something OTHER than price.
Many people overcomplicate what can be a simple process. You see, with Medicare Supplement plans, coverage and claims are handled the exact same way, regardless of company. What this means is that a Plan F with one company is the exact same as a Plan F with another company. Legally, the companies cannot add/subtract anything from the standardized coverage. So, you should make company premium rates the primary focus of your comparison and decision process.
Mistake #3: Not understanding the difference in the two options – Medigap and Medicare Advantage
When you turn 65 (or go on Medicare), there are two options for Medicare insurance – Medigap and Medicare Advantage. These two options are very different and to make a choice between the two, you should understand the implications of both. While Medicare Advantage is frequently less expensive, there are some drawbacks, including doctor availability, claim payments, and future changes, that you need to understand before selecting this option. Medicare Advantage is NOT a Medicare Supplement – it doesn’t supplement Medicare, it replaces it. An independent agent should be able to explain these differences to you to your satisfaction.
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|If you prefer to speak with someone by phone, please call me directly using the information below:J. Garrett Ball, President
Secure Medicare Solutions, Inc.
Going on Medicare Part 2 – Three Common Mistakes
May 10, 2013 by Leave a Comment