Signing up for Medicare can be a daunting task. There is lingo that you likely won’t understand right away and it can be extremely easy to make a costly mistake. However, if you are constantly in need of healthcare, it will be more costly to go without Medicare. This is why it is important to know exactly what you are getting into and how you can navigate the waters of the health insurance world. Below, you will discover some tips that will help you when it comes to signing up for Medicare.
Don’t Miss The Deadline
Yes, Medicare is complex, but you want to deal with this as soon as you turn 65. Do not put signing up for Medicare off. The government does not automatically enroll you unless you are currently drawing Social Security benefits. Plus, there is a very strict enrollment period that runs from three months before your 65th birthday and three months after your 65th birthday. If you miss this deadline you will be penalized when you sign up, unless you still had insurance through an employer or your spouse’s employer.
There Are Pros Available
There are independent agents available that can assist you in signing up for Medicare. These agents are not insurance companies and they offer up their services for free. Going down this road will not only make the whole process easier for you, but it might help you get more affordable rates. Check it out here.
Cheapest Is Not Always The Best Option
If you are on a limited budget, it is easy to go for the cheapest option. However, when it comes to healthcare insurance this might not be the right approach. You are going to want to look at the co-payments and deductibles that are included with each individual package. The package with the cheapest premium might not provide you with the cheapest overall coverage.