Let’s face it – Medicare is daunting. There are so many rules, and it’s difficult to know which of these rules apply to you. There are 3 basic ways you can go about getting informed:
#1 – Do the research yourself.
Research is great, but in effect, you have to learn everything about Medicare in order to start eliminating what doesn’t apply to you. Example… Do you have a proper enrollment period? Which parts of Medicare do you need? What if employer coverage is available? Etc., etc. It’s an awful lot of work to learn 100% just to arrive at the 2% that applies to you. And if you make a mistake, you may be stuck with that mistake for a long time. You could even accrue a penalty!
#2 – Go to a meeting
Meetings are fine, but they speak in general terms, so you still have to figure out what applies to you and what does not. Many of my clients have told me they walked out of meetings more confused then when they walked in.
#3 – Work with an independent, licensed insurance agent
There really isn’t a reason not to work with an independent, licensed insurance agent. First and foremost, there is no cost to you – nor does it change the cost of the insurance. Simply put, it’s free advice. And insurance agents already know all about Medicare and the various products that are available, so they can offer suggestions regarding what might work best for you depending upon your specific situation. I have clients that initially called me, totally confused and often frustrated. But since we were speaking one-on-one, I could tell them specifically what applied to them, and their confusion and frustration was gone within minutes.
Author: neil steinman
Neil Steinman is the principal of Orange County Health & Life Insurance in Orange County, CA. Neil prides himself in keeping things simple and easy for his clients while providing them with the best products from the top carriers. In addition to working directly with clients, Neil is also an instructor of Health Insurance and Medicare to licensed insurance agents. Neil has been in the industry for nearly 20 years.