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Thats because this is the time when they can finally get onMedicarefor health insurance.
However, its not without some preparation during the years leading up to 65.
Parts A and B are essential to sign up for before actually getting on Medicare.
Missing this window can result in penalties and gaps in coverage.
Meet with an insurance agent to review your options and select plans that meet your needs.
Crist recommends comparing plans each year during open enrollment.
Thats where Medigap coverage comes into play.
A Medigap policy pays secondary to Medicare and can provide peace of mind from unexpected medical expenses.
Burbank agreed that its wise to look into a Medigap policy to cover out-of-pocket costs.
Medigap pays secondary to Medicare and provides peace of mind fromunexpected medical bills, Burbank explained.
Meet with an insurance agent to determine costs for the plans youre interested in.
They can also help create a healthcare budget for your retirement.
Create a budget for your healthcare costs in retirement and review it annually, said Crist.
Medicare covers many services, but youll still have premiums, copays and other out-of-pocket costs to account for.
An insurance agent can help determine your costs based on the Medicare plans you choose.
Stay on Top of Your Medicare Plan
Medicare is not a set-it-and-forget-it throw in of health coverage.
Ive seen the consequences of missed deadlines and confusion about Medicare options.
Dont make these mistakes, said Burbank.
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