Medicare provides a variety of health insurance options so that seniors can choose the ones that work best for them. Making sure that you have health insurance is important, so Medicare is the perfect solution for many.
Medicare has its own costs, though it is a great way to save money on medical bills. Especially if you’re hospitalized, your medical bills could be hundreds of thousands of dollars. Making sure that you have the right health insurance is a great way to prevent becoming overwhelmed by medical bills.
Most people enroll in Medicare around the age of 65. This is when you’re first eligible, which means that you’ll have access to the full scope of coverage. While Medicare is the right choice for most people, it’s still a decision that you need to give lots of thought to. Especially because Medicare does come with its own costs, it’s important that you’re sure that Medicare is the right choice for you.
Because there are different options within Medicare, it’s important to research the different types of policies so that you can be sure you’re selecting the one that’s right for you. Our blog is a great place to start if you’re ready to begin the research process.
Do You Have to Enroll in Medicare?
Medicare is not technically mandatory. It is possible to delay enrollment if you still have coverage through your employer. This makes sense for some people if they’re happy with their employer coverage and don’t feel the need for more coverage through Medicare.
If you do decide that Medicare isn’t the right choice for you, there can be some repercussions. If you do decide that you want to delay enrolling in coverage then you could have to pay late fees. These can be significant and are important to keep in mind. If you want to save as much money as possible, then it’s most likely best to enroll in Medicare when you’re first eligible.
Another penalty for waiting to enroll is that you may miss the enrollment period. This means that you may need to wait for the next enrollment period to be able to sign up for benefits. This is something substantial that’s important to keep in mind if you’re considering delaying or forgoing Medicare coverage.
Give Us a Call Today!
We love working with our clients to make sure that they’re on the right track to receiving the Medicare coverage they need. If you’re ready to start making those decisions, then give us a call today to set up an appointment!