You are 65. Now What?

You are 65. Now What? -

You just celebrated your 65th birthday. It's time for you to include in the insurance, but do you understand the different components of the Medicare program? Here are some guidelines issue of July / August Journal of NYSBA.
Medicare Part A is hospital insurance. It helps cover inpatient care in hospitals and skilled nursing facilities, hospice and home health care.
Medicare Part B is medical insurance. It helps cover services of doctors, outpatient hospital and home health care and prevention services to help you maintain your health and keep certain diseases worse. If you are currently employed and covered by your health plan group insurance, you should sign up for Part B now.
Medicare Advantage Plans (also known as Medicare Part C) are health plans run by private insurance companies approved Medicare. These plans are similar to health maintenance organizations (HMOs) and preferred provider organizations (PPOs). They include Part A, Part B coverage, and usually other coverage such as coverage of Medicare prescription drug (Part D), sometimes for an additional cost.
Medicare Part D is run prescription drug option by private insurance companies approved Medicare. It helps to cover the cost of prescription drugs and may help lower the costs of prescription drugs and help protect against higher costs in the future.
So if you are a top job, what should you do when you turn 65? If you maintain a private health insurance or switch to Medicare? The decision is not easy, especially for those enrolled in the PPO plans because their doctors are not the decision is complicated by many factors, including analysis and comparison of the following costs "in network."
employer Board:
• cost of employee premiums
• deductible policy
• the annual reasonable costs insurance company
• Co-insurance (reimbursement is generally 80% reasonable costs, but reduce the cost of employer plans now allow only 70% or 60%)
Medicare
• Part B (physician) and D (drug) cost of the premium prescription
• Medicare part A, B & D annual deductibles and the "gap" for part D
• Medicare reasonable costs
• Co-insurance (Medicare reimbursement is 80% of reasonable costs)
• Medigap policy premiums
seem confused? I turned 65 last year and had to go to my health insurance agent group to determine what works best for me. This is a very complex and important decision, and you do not want to make mistakes that can have unwelcome repercussions.
Contact your agent, financial advisor or Benefits Administrator to work for proper guidance. If you do not have someone to turn to, seeking an agent or advisor on the website of life here.