Thursday, September 1, 2022

Hey, I bet you didn’t know its National Life Insurance Month!

Wow, exciting to know you say.
Well, here are 3 reasons why you should own life insurance

1. It covers final expenses.
alone can range from $15,000 to $30,000, so covering these costs will reduce financial stress on you and your loved ones. Final Expense can help even further because it’s not limited to covering funeral costs. Depending on the policy, it can pay medical bills, mortgage payments, and more. Your family also can dispense the money toward expenses as they see fit.
2. It’s a tax-free way to leave something behind.
Do they want to give money to their kids or grandkids after they pass? A Final Expense Whole Life insurance policy allows you to leave behind money for whomever you choose. You can designate policy beneficiaries to receive the tax-free death benefit after your passing.
3. It can replace lost income.
If you have dependents who rely on your income, you can take care of your loved ones when you are gone. Depending on the amount of the policy, the death benefit can act as a replacement for the lost income for dependents or even help a surviving spouse supplement Social Security.
There are final expense policies that are guaranteed issue, up to age 85! And the cost is not as expensive as you might think.
I provide free unbiased assessments of your situation and present education and options for you and your family, call, text or email me for information.
605.868.8330
480.400.9837

Thursday, August 4, 2022

Does Medicare Cover Long Term Care?

The short answer is NO.
Straight from the horse's mouth https://www.medicare.gov/coverage/long-term-care
Medicare Part A covers short stays at a Skilled Nursing Home. For things like rehab therapy, IV medications and treatments.
You could pay dearly--

Here is the breakdown of covered costs depending on length of stay:


Days 1 through 20: Part A pays the entire cost of any covered services.
Days 21 through 100, you pay $194.50 per day.
After 100 days: Part A pays nothing. You’re responsible for the entire cost of Skilled Nursing Home services.


What pays the cost of Long Term Care?
Long term care Insurance and/ or Medicaid, even some wealth preserving products from companies like Securian.


You will be surprised that there are solutions that are affordable.
Call me if you have any questions, my advice for you is always free.
605-868-8330/480-400-9837
or reach me at GregNinkeAgency.com


Serving families and small business in South Dakota, Arizona, Nebraska, Minnesota, Wisconsin, Iowa, New Mexico, Texas and Nevada



Thursday, July 7, 2022

6 Surprising Reasons For a Headache

 

Up to 75 percent of the world’s adults had a headache in the last year. There are over 150 kinds of headaches, from the migraine to the morning headache to the exercise headache to the seasonal cluster headache. All headaches boil down to two main kinds, primary and secondary. A primary headache, such as migraines and tension headaches, happens when the headache itself is the main attraction, with no other underlying cause. A secondary headache is a symptom of another medical condition, such as COVID or a sinus infection. Whatever kind of headache it is, chances are you wish it would it go away, pronto. Many feel resigned to headaches, believing there is no cure and they can only be toughed out. But there are many ways to prevent, treat and relieve headaches.

Some headaches can signal a dangerous condition or stroke and should be treated immediately. Most, however, aren’t emergencies, but that doesn’t mean they should be ignored. Thankfully, an explosion of new treatments, particularly for migraines, has brought relief and hope. All too often, people think there’s nothing they can do about their headache. They might blame the weather, says Jan Lewis Brandes, M.D., the founding director of the Nashville Neuroscience Group, a private headache clinic in Nashville, Tennessee. “Or they may say that, ‘Well, this is a stress-induced headache and there is not really anything I can do about my job stress.’”

 

The first step is prevention. One way to reduce the frequency of headaches is to identify triggers. Hunger, hangovers and stress are some of the most common ones. Following are some of the more surprising headache triggers.

1.  The smell of perfume, paint or gasoline

People prone to migraines often have heightened sensitivity to a number of senses, including smell, sound and sight. That’s why the smell of perfume, paint or gasoline can bring on a migraine. The migraine brain is sensitive to all kinds of environmental and bodily changes, which includes extreme weather, alcohol and particular foods, and even certain hairstyles. “It’s not that people prone to migraine have only one trigger,” says Rami Burstein, a professor of anesthesia and neuroscience at Harvard Medical School. He adds that when people have recurring headaches, their brains can become attuned to — and at the mercy of — unusual environmental changes, such as weather, or too much sleep or too little. Any deviation from the normal pattern of events can set a migraine sufferer into an attack. In other words, even the subtlest incident can be a trigger.  

For relief: Burstein suggests that those prone to migraines find any and every possible way to avoid common triggers. For some, this may mean requesting — and advocating for — a workplace fragrance policy that restricts the use of scented products.

2.  Weather patterns

A change in barometric pressure or atmospheric pressure (such as altitude) can trigger a headache attack through changes in the area of the brain that controls pain. External pressure changes may also change the pressure within the sinuses and inner ears, intensifying the experience of pain for those who are predisposed to such sensitivities. Gray skies, high humidity, rising temperatures and storms are common pressure changers. People commonly complain that summer weather can trigger migraines, according to the Mayo Clinic. Sunlight glare, high humidity, extreme heat and dry air are possible triggers. Dehydration can also cause headaches.

For relief: Keep a headache or migraine diary, jotting down any changes in the weather, such as rainstorms, wind or increased humidity. Once you establish a relationship between weather and your migraines, you can potentially pretreat them with the appropriate medication.  

3.  Aged and fermented foods

In some people, tyramine, a naturally occurring substance found in aged cheeses, smoked fish, cured meats, bacon and some types of beer and wine, is thought to trigger migraines. Tyramine has long been a scapegoat for dietary-induced migraine, but research is not conclusive. A small number of people with headaches are affected by tyramine. Not only are food triggers rare, but they are sporadic. “When food triggers migraines it’s inconsistent, sometimes yes and sometimes no,” Burstein says. ​Brandes has found that among her patients, the biggest culprit of food or drink triggers is alcohol.

For relief: If you do think there’s an alcohol-migraine connection at play, note that beer, especially tap or home-brewed beer, red wine, vermouth, sherry and some liqueurs all have high amounts of tyramine. See if switching over to white wine or spirits such as rum, vodka or gin is less of a migraine trigger. If that doesn’t work, consider limiting or omitting alcohol.

4. Hairstyles

A simple ponytail, French braids, cornrows, a tight wig or headband, and a tight topknot can all exert pressure on the scalp. Because migraine sufferers are sensitive, a ponytail headache, which gives new meaning to a bad hair day, comes down to an oversensitive scalp.

For relief: Avoid tight ponytails. A loose bun with a soft scrunchy may not have the same effect. (And the iconic ’80s hair accessory seems to be back in style.)

 

Headache relief

Once you determine the trigger for headaches, you can act to avoid the headache or at least minimize its duration and pain. Episodic (zero to 14 headaches a month) and chronic headache (15 or more a month) disorders are a major source of disability, and yet the majority of sufferers never get professionally diagnosed. Instead, people often turn to over-the-counter medications to self-manage symptoms, which inadvertently can make them worse. While avoiding triggers as much as possible is a start, the best way to treat migraines or recurring headaches is to get correctly diagnosed. Untreated migraines, in particular, can become a vicious cycle, recurring with more frequency and potentially leading to more serious complications. You shouldn’t just have to live with migraines or frequent headaches. “If there is not a board-certified headache specialist in your area,” Brandes says, “there are many primary care physicians who are interested in headaches.”

5.  Sex headache

Sometimes referred to by its official name, coital cephalgia, the sex headache — a headache brought on by sexual activity — is a real phenomenon. One of the most disconcerting kinds of headaches, it can present in two ways: as a dull ache in the head and neck that intensifies as sexual excitement increases, or as a sudden, thunderclap headache that occurs just before orgasm. “They are terrifying. People are in the middle of a sexual activity, about to orgasm, and all of the sudden it feels their head is about to blow off,” Brandes says.

But most sex headaches, while excruciating, are nothing to worry about. They resolve on their own and are not symptomatic of an underlying condition. Because sex headaches can be linked to a brain tumor, if you do suffer from them, doctors recommend brain imaging such as an MRI to rule out a more serious cause.

For relief: If you suffer from frequent sex headaches, you can take preventive prescription medicines before you plan to have sex. Typically, these kinds of headaches occur in clusters and then go away, never to recur.

6.  Medication overuse headache

Also called the rebound headache, a medication overuse headache occurs when certain medications are used too frequently. “This kind of headache is more likely to occur with prescription pain drugs such as opioids, if taken more than eight days a month,” Burstein says. But even over-the-counter pain drugs such as aspirin, acetaminophen (Tylenol) or ibuprofen (Advil) — if taken for more than 15 days a month — can be a trigger. It’s a catch-22, because you need to treat the headache, but then the treatment itself becomes the problem. “Medication overuse has a negative connotation, as if people are doing something wrong. But people are trying to be functional and get rid of the headache by beating it down. The medication helps, but does not stop the headache, which rises again and they are not able to break the migraine attack,” Brandes says. To stop the cycle, the goal is to cut back on the medications, taking them less than three times a week.

For relief: A new crop of migraine drugs, called CGRP (calcitonin gene-related peptide) inhibitors, can reduce medication overuse. This class of drug targets and blocks CGRP, a small protein that circulates in the head and the neck during a migraine. 

Whatever your headache trigger is, it’s important to take a proactive approach to treating your headaches, especially migraines. Otherwise, headaches beget headaches. “More headaches will decrease the threshold of initiation for the next migraine attack,” Burstein says. “That’s why the patient needs to treat the migraine and try to minimize it.” Migraines won’t simply go away on their own. But with the right treatment, you can make them less frequent, shorter and surprisingly tolerable.

Elizabeth Marglin is a Colorado-based journalist, writer and poet. She writes regularly for Yoga Journal, Spirituality & Health, AARP and more.

Original story Published July 5, 2022 at AARP.org https://www.aarp.org/health/healthy-living/info-2022/types-of-headaches.html

Wednesday, June 22, 2022

Have you recently had a qualifying life event? “A qualifying what?” you might ask.

 

Have you recently had a qualifying life event? “A qualifying what?” you might ask.


What is a qualifying life event?

A qualifying life event could be a situation like losing your job, having a baby, moving to a new state, or becoming a U.S. citizen. These events not only open new chapters in your life but also a window of opportunity—or a Special Enrollment Period (SEP)—to purchase healthcare coverage through an Affordable Care Act (ACA)  plan.

There are good reasons to get one of these healthcare plans: They can’t deny you service or raise your rates because of a preexisting condition, for example. And if you fit certain income categories, you may be able to save money with certain tax subsidies (discounts offered by the government). But your ability to join is usually limited to an Open Enrollment Period, which runs from the beginning of November to mid-January.

Now, here’s the good news: You may be able to get one of these plans at other times of the year too, if you meet certain qualifications, says Ryan Newport, a licensed insurance agent with HealthMarkets in Oklahoma City. “I get asked this question all the time, and the answer is often yes, for more reasons than you might think,” he notes.

Before you start, try researching out to Greg Ninke, your local HealthMarkets agent at (605) 868-8330, (480) 400-9837or connect online to discuss your options. Schedule an appointment today.

10 qualifying life events that may trigger your special enrollment period

Here are 10 reasons you may qualify to purchase ACA health insurance benefits outside of the Open Enrollment Period.

1. You lost your health coverage.

You’ll be able to enroll in ACA benefits if anyone in your household lost their health coverage in the past 60 days or expects to lose coverage in the next 60 days, says Newport. That can happen for a few reasons:

  • You lost your job and thus your health insurance.
  • You lost individual health coverage for a plan you bought yourself. That could be because your plan was discontinued, you moved to another state (and you’re no longer in the plan’s service area), or your coverage is ending midyear and you’ve chosen not to renew it.
  • You’ve lost income. If your household income has decreased and you now qualify for savings on a marketplace plan, you can enroll in ACA benefits.

You may need to submit a letter from either your employer or your health insurance provider to confirm that the top two things have happened.

2. You lost eligibility for Medicaid or the Children’s Health Insurance Program (CHIP).

A gain in income is always great news, but it may make you ineligible for Medicaid, points out Newport. (Medicaid is a type of state- and federal-run healthcare program that’s offered to people who have limited income and resources.) Also, once your children get to a certain age (usually 19), they may be too old for CHIP. (CHIP is low-cost healthcare coverage for children in families that earn too much money to qualify for Medicaid.)

3. You lost qualifying health coverage through a parent or spouse.

That might have happened for a few reasons:

  • You turned 26 and have been automatically removed from a parent’s health plan.
  • Your spouse or parent lost their job—and with it, their health insurance.
  • You lost health coverage through your partner because you got divorced or your partner unexpectedly passed away.

4. You’ve gained coverage through a parent or spouse.

Talk about a happy life event! Getting married, having a baby, and adopting a child are all considered qualifying life events that make you eligible to sign up for health insurance benefits.

5. Your boss offers to help pay for your insurance.

The most common way that this occurs is when a small company (less than 50 employees) that doesn’t offer a group health plan offers to reimburse some or all of the cost of marketplace premiums (monthly insurance bills) through a Qualified Small Employer Health Reimbursement Arrangement. You’ll need to apply for and enroll in individual health insurance before that begins.

You could also contact your licensed agent Greg Ninke at at (605) 868-8330, (480) 400-9837 to talk about what insurance benefits might be right for you.

6. You have a change in residence.

So you’re on the move. But this is about more than just moving to a different ZIP code. Maybe you’re a student going off to graduate school, a seasonal worker moving to the place where you’ll be working, or you’re someone who is moving into a shelter. The new plans available in your area may be the next thing you unpack.

7. You just became a U.S. citizen.

Congratulations! Becoming a U.S. citizen is hard work. One of the many doors that will be opened to you is being eligible for health insurance benefits.

8. You just got released from prison.

If you’ve recently been incarcerated, your first taste of freedom could also include an open window to sign up for health benefits.

9. You’re starting or ending service as an AmeriCorps State and National, VISTA, or NCCC member.

Government-run agencies such as AmeriCorps State and National (which send volunteers to work at nonprofit organizations), AmeriCorp VISTA (a national service program designed to alleviate poverty), and AmeriCorp NCCC (National Civilian Community Corps) are all great ways to serve your country. And if you’re beginning or ending your time with one of them, it can also trigger an SEP that allows you to register for health benefits.

10. You gain membership in a federally recognized Native American tribe or get status as an Alaska Native Claims Settlement Act corporation shareholder.

Congratulations on officially joining your Native American community or your new shareholder status! Now, it’s time to review the new health insurance options available to you.

But wait! What happens if I get turned down?

If you fit into one of the above categories but still get turned down, you can appeal the decision within 90 days, notes Newport. If you think waiting out the decision may seriously jeopardize your health (for example, you won’t be able to pay for your medications), you can ask for a faster appeal.

If you think you may qualify, don’t hesitate to chat with me at (605) 868-8330, (480) 400-9837or connect with Greg Ninke online.

“Life changes happen pretty quickly, and it’s good to know that you’re covered,” says Newport. “If you move to another state, for example, you may not know the ins and outs of obtaining health insurance through the state marketplace. Your agent can help find you a good plan that’s the best fit for you and your family.”

48513-HM-0522

 


Thursday, June 2, 2022

8 Things Medicare Doesn’t Cover

 You’ll need to plan ahead to pay for some common medical expenses


GETTY IMAGES

Medicare covers the majority of older Americans’ health care needs, from hospital care and doctor visits to lab tests and prescription drugs. Here are some needs that aren’t a part of the program — and how you might pay for them.    

1. Opticians and eye exams

While original Medicare does cover opthalmologic expenses such as cataract surgery, it doesn’t cover routine eye exams, glasses or contact lenses. Nor do any Medigap plans, the supplemental insurance that is available from private insurers to augment Medicare coverage. Some Medicare Advantage plans cover routine vision care and glasses.

Solution: For some people, it makes sense to buy a vision insurance policy for a few hundred dollars a year to defray the costs of glasses or contact lenses. Contact me at GregNinkeAgency.com or 605.868.8330 or 480.400.9837 for a review of all the Eye and Dental options available to you!

 

2. Hearing aids

Medicare covers ear-related medical conditions, but original Medicare and Medigap plans don’t pay for routine hearing tests or hearing aids. 

Solution: If you are in a Medicare Advantage plan, check your policy to see if it covers hearing-related needs. If it doesn’t, or if you have original Medicare, consider buying insurance or a membership in a discount plan that helps cover the cost of such hearing devices. Also, some programs help people with lower incomes to get needed hearing support. Or you can pay as you go. Congress passed legislation in 2017 that allows some hearing aids to be sold over the counter without a prescription. The Food and Drug Administration has until August to issue proposed guidelines for the sale of these devices.

3. Dental work

Original Medicare and Medigap policies do not cover dental care such as routine checkups or big-ticket items, including dentures and root canals.

Solution: Some Medicare Advantage plans offer dental coverage. If yours does not, or if you opt for original Medicare, consider buying an individual dental insurance plan or a dental discount plan. Some have no waiting periods, some do. Contact me at GregNinkeAgency.com or 605.868.8330 or 480.400.9837 for a review of all the Eye and Dental options available to you!

4. Overseas care

Original Medicare and most Medicare Advantage plans offer virtually no coverage for medical costs incurred outside the U.S. 

Solution: Some Medigap policies cover certain overseas medical costs. If you travel frequently, you might want such an option. In addition, some travel insurance policies provide basic health care coverage — so check the fine print. Finally, consider medical evacuation (aka medevac) insurance for your adventures abroad. It’s a low-cost policy that will transport you to a nearby medical facility or back home to the U.S. in case of emergency.  Contact me at GregNinkeAgency.com or 605.868.8330 or 480.400.9837 for a review of Medigap/Supplement or Travel options options available to you! Or visit GeoBlue

5. Podiatry

Routine medical care for feet, such as callus removal, is not covered. Medicare Part B does cover foot exams or treatment if it is related to nerve damage because of diabetes, or care for foot injuries or ailments, such as hammertoe, bunion deformities and heel spurs.

Solution: If you face these costs, you may want to set up a separate savings program for them. 

6. Cosmetic surgery

Medicare doesn’t generally cover elective cosmetic surgery, such as face-lifts or tummy tucks. It will cover plastic surgery in the event of an accidental injury.

Solution: If you face these costs, you also may want to set up a separate savings program for them. 

7. Chiropractic care

Original Medicare does not cover most chiropractic services or the tests that a chiropractor orders, including X-rays. Medicare Part B does pay for one manual manipulation of the spine by a chiropractor or other qualified provider to correct a vertebral subluxation, which is basically a partial dislocation of a spinal vertebra from its normal position. 

Solution: Some Medicare Advantage plans will cover chiropractic services, so check with your plan. Some chiropractors offer payment plans to help you pay for this care.

8. Nursing home care

​Medicare pays for limited stays in rehab facilities — for example, if you have a hip replacement and need inpatient physical therapy for several weeks. But if you become so frail or sick that you must move to an assisted living facility or nursing home, Medicare won’t cover your custodial costs. (Nursing homes average about $90,000 a year for a semiprivate room and more than $100,000 for a private room. Costs vary based on where you live and what facility you choose.)

Solution: Planning for nursing home care is a big issue, with lots of choices and decisions. But for those with limited income and savings, Medicaid might help fill in the gaps. Contact me for information on Long Term Care plans and other creative solutions that may fit your situation at GregNinkeAgency.com or 605.868.8330 or 480.400.9837 for a review of all the Eye and Dental options available to you!

 


Thursday, May 26, 2022

6 Things to Not Overlook When First Enrolling in Medicare

 

6 Things to Not Overlook When First Enrolling in Medicare


So, you’re turning 65 in a few months. First of all, happy early birthday! Along with planning your birthday party, it’s time to start exploring your Medicare options.

That’s because your Initial Enrollment Period (IEP) for Medicare will likely begin shortly. That’s a seven-month Medicare sign-up window that includes the three months before, the month of, and the three months after your 65th birthday.

“Any time someone is approaching age 65, it’s a great idea for them to talk to a licensed insurance agent,” says Silas Jessup, HealthMarkets’ contracted licensed insurance agent and executive sales leader in Indiana. “That’s true even if you’re still employed and plan to stay on your employer-based insurance.”

Enrolling in Medicare can feel really difficult. Make it easier on yourself by learning about possible oversights and how to avoid them. If you know someone on Medicare, they probably have a story or two about how signing up was not a walk in the park.  Here are some potential oversights to avoid and tips that could help you make the stroll easier.”

Potential Oversight #1: You don’t know your ABCs… or Ds of Medicare

Medicare is the U.S. government’s national healthcare program for adults ages 65 and older. (It’s also for individuals with disabilities, End-Stage Renal Disease (ESRD), or ALS (also called Lou Gehrig’s disease.).) It’s divided into sections, each of which provides a certain type of coverage and is identified by a letter:

  • Medicare Part A: This is the part of Medicare everyone gets when they first sign up. You don’t have to pay a premium (or monthly bill) for it if you’ve been working and paying taxes for at least 10 years. If you do not qualify for premium-free Part A, you can still sign up for it and pay monthly premiums. Medicare Part A covers services such as in-patient hospital care, nursing home care, and home health care.
  • Medicare Part B: When you sign up for Medicare Part A, you also have the option to sign up for Part B, which covers medically necessary and preventive care. These types of health services include things such as doctor visits, preventive services (flu shots and vaccines, for example), ambulance services, and mental health services. You’ll pay a monthly premium for Part B.
  • Medicare Part D: This part covers medications (yes, it’s separate). Medicare Part D will also cost you a monthly premium.

There’s a third letter of the Medicare alphabet— Medicare Part C. These plans are also known as Medicare Advantage plans, and they’re the equivalent of coverage under Medicare parts A and B (also called Original Medicare). They may also include additional benefits, including coverage for prescriptions, vision, hearing, dental services, expanded telehealth, and even fitness. And you get them all in one plan. However, you may need to use the required networks, much like many employer-offered health plans.

Potential Oversight #2: You don’t compare your current plan to Medicare

Let’s say you turn 65 and you’re comfortable with the group health insurance plan that you’re already on through either your employer or your spouse’s. (Yes, you may still be working at age 65.)

If you still have one of these traditional plans, you don’t have to switch to Medicare right away. But you might save money if you do.

“Sometimes group insurance is the better option, and other times Medicare can be a better solution,” says Jessup. “It all depends on your personal situation, the cost of the group insurance, and the benefits that are being provided. An insurance agent can help you decipher which coverage would be better for your individual circumstances.”

Comparing costs on your own can be difficult, Jessup says. One option can be to call me, your licensed health insurance agent from HealthMarkets at (605) 868-8330 or visit GregNinkeAgency.com to figure out what insurance plans are available to you.

Potential Oversight #3: You don’t take time to read the fine print

If you stick with Original Medicare, you’ll be getting Part A (and likely Part B), and that means about 80% of your medical costs will be covered, says Jessup. That leaves you to pay for the other 20%.

Original Medicare has no out-of-pocket expense limits. Costs may add up if you end up going to the doctor a lot or if you need an expensive medical procedure.

Check with me to learn about ways to cover some of the expenses that Medicare does not.

Potential Oversight #4: You don’t check the medication lists for Medicare Part D or the Medicare Advantage plan you’re interested in

If you’re taking multiple prescription medications, you’ll probably want to add coverage for that—that is, Medicare Part D.

All Medicare Part D plans must cover a wide range of prescription drugs, including most drugs in “protected classes” like those that treat cancer or HIV/AIDS. But before you sign up for a plan, you’ll want to make sure your prescriptions are on your plan’s list of covered drugs, which is called a formulary (each plan has its own).

Many plans place medications into different levels, called “tiers,” on their formularies. Drugs in each tier have a different cost, with lower tier ones usually costing you less than higher tier ones.

So, take some time to learn which of your prescriptions may be covered and the tiers they fall into. Having that information on hand will help you determine how much you’ll be spending on prescriptions.

Potential Oversight #5: You don’t check the out-of-pocket limits on the Medicare Advantage plan

In general, Medicare Advantage plans usually have a lower premium, but the out-of-pocket limits can be different from plan to plan says Jessup.

Out-of-pocket costs can vary, but you won’t have to pay more than the out-of-pocket limit—the government capped it at $7,550 in 2022. And many Medicare Advantage plans have out-of-pocket limits below that.

Potential Oversight #6: You don’t pay attention to the deadlines

Remember: Your Medicare IEP is only seven months. So, depending on when you sign up during the IEP, you’ll just need to pay attention to deadlines, based on where your 65th birthday falls.

As we mentioned earlier, you can sign up for Medicare starting three months before the month of your 65th birthday, and you have until three months after the month of your 65th birthday to enroll. Or, if your birthday is on the first of the month, your seven-month window starts four months before the month you turn 65 and ends two months after.

In short, your Medicare or Medicare Advantage coverage will start anywhere from one to three months after you sign up for it.

If you miss your IEP, though, you’ll likely have to pay a late enrollment fee, which goes up the longer you wait to enroll. For Part B, for example, it’s 10% of the premium—or your monthly payment—for every 12 months you delay. The standard premium for 2022 is $170.10, but it can change every year (and your penalty can too). That can really add up.

There’s also a late penalty for Medicare Part D. It’s equal to 1% of the national base beneficiary premium times the number of months that you didn’t have Part D or other qualified continuous coverage.

Late enrollment can also mean you’ll have some serious gaps in coverage. Keep track of your deadlines. They could end up saving you a lot of money.

Make no mistake: If you’re on Social Security, life is good

Good news if you’re on Social Security: You don’t have to worry about signing up. (Yes, you read that right.) If you’ve been receiving Social Security benefits for at least four months before you turn 65, you’ll be automatically enrolled in Medicare parts A and B.

You only need to be concerned with your Initial Enrollment Period if you’d like to choose a Medicare Advantage plan instead of Original Medicare, or if you’d like to delay enrollment.

Along with the birthday cards you’ll get for turning 65, you’ll also get a welcome package in the mail plus your Medicare card.

Looking for the Medicare plan to fit your lifestyle? Contact me at (605) 868-8330 or (480) 400-9837. Visit GregNinkeAgency.com to schedule an appointment.

I had to sign a Waiver!

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