068: What You Need to Know Before Choosing a Medicare Plan

Many people assume that when they turn 65, they are automatically covered by Medicare and that everything will be paid for. Unfortunately, that is not exactly true. When it comes to signing up for Medicare, there are many decisions to be made and things to consider. Just because you are healthy right now doesn’t mean you won’t have health issues in the future, and you need to be thoughtful about your Medicare choices so you get it set up the right way the first time around. Hint: some choices and plan selections can’t be switched. Yikes!

In a new episode of Absolute Trust Talk, Kirsten sits down with Emily Gangaware of The Medicare Coach. Over the last four years, Emily has been changing how people make their Medicare decisions by navigating the rules, insurance company confusion and clarifying what decisions need to be made to protect healthcare rights and retirement savings. No matter what state you live in or how close to retirement you are, Emily has some Medicare revelations you’ll want to hear. It’s time to help protect yourself, your loved ones and select the right Medicare coverage for you.

Big Three from Episode #068:

  1. Be thoughtful about which type of plan you genuinely want to be a part of if you were to get sick in the future.
  2. Make sure you have a Medigap plan to help protect your retirement savings.
  3. Some decisions are irretrievable, so you must make sure you seek help, ask questions, and talk to someone to pick the right Medicare plan the first time around.

Time-stamped Show Notes:

6:22 – Kirsten and Emily kick off the show by discussing the biggest misconception about Medicare.

8:17 – Emily shares some insights about the decisions people have to make when it comes to Medicare.

11:02 – This is one of the biggest mistakes that people make when signing up for Medicare.

14:19 – When people get sick, they almost always want to be in one of these types of plans.

16:21 – Emily shares her process that helps client’s decide what type of Medicare is right for them.

22:21 – The people who are already on Medicare, what should they be doing?

25:47 – Is Medicare Part D a supplemental plan?

27:32 – When should someone start preparing to sign up for Medicare?

28:51 – Does Medicare cover healthcare expenses outside of the US, or are there policies available to help with that?

31:02 – If you have Medicare Advantage can you switch to a regular plan?

Visit TheMedicareCoach.com for free webinars and more information or to get in touch with Emily about customized support for your specific needs.

[Ad] Planning for the future is vital to ensure that you and your family are protected and prepared throughout your later years of life and beyond. Please don’t wait until it’s too late. Schedule a free discovery call today, and we’ll review your case to make sure all your needs are met.

If you’re someone who needs to include Medi-Cal planning in your estate plan, we can help. For more information on what Medi-Cal planning should look like, visit https://absolutetrustcounsel.com/practice-areas/medi-cal-planning/ for even more resources to help get you started.