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Approaching 65? Here’s what you should know about Medicare - Nasdaq
Medicare is the national healthcare plan for those over age 65 and, as you approach that age, there are several things you should keep in mind. First, you should remember than not enrolling in Medicare during your Initial Enrollment Period (3 months on either side of the month you turn 65) could result in a severe financial penalty when enrolling later. Also, be very careful if you plan to start off with a Medicare Advantage plan. Despite how enticing those TV ads make Medicare Advantage sound, there are some important drawbacks you should be aware of before deciding to start with a Medicare Advantage plan. And yet a third thing to be aware of regarding prescription drug plans on Medicare is revealed in this Nasdaq article by Maurie Backman.
If you’re unsure about how these basics apply to you, or if you have any questions about your individual situation under Social Security, note that the AMAC Foundation provides a free-to-the-public advisory service to help Americans navigate the complexities of this program. All questions are answered quickly, at no charge. Learn more about it here…