I am a Tempe resident for 24 years, with my original roots from Huron, South Dakota, I specialize in Individual & Family Health Insurance, Medicare, Medicare Advantage Plans, Medicare Supplement, Medicare Prescription Drug Plans, Small Business Health Insurance, Life Insurance, Dental Insurance, Vision Insurance, Critical Illness Insurance, Disability Insurance, Accident Insurance, Long-Term Care Insurance, Wellness Products
Thursday, September 1, 2022
Hey, I bet you didn’t know its National Life Insurance Month!
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.
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