The popular perception is that your 65th birthday marks the milestone in your life when you hang up your spurs, kick back, and reap the fruits of your labor as you enjoy sunsets from your porch.
If you’ve got a chronic condition that requires a lot of medication, chances are you’ve got your prescription drug plan figured out. If you’re in tip-top shape and don’t take a single pill, what’s the point? When it comes to prescription drug coverage and Medicare, if you don’t sign up when you’re first eligible, you could pay more down the road through penalties.
Retirement used to be closely linked to turning 65. No more. The full retirement age for anyone born in 1943 or later is at least 66. It’s 67 if you were born in 1960 or later. Full retirement age is the age at which you can receive 100% of your social security retirement benefit.
Medicare is removing social security numbers from Medicare cards. The change is to help protect your personal identity. Your Medicare coverage and benefits will stay the same and continue without interruption.
Do you spend your Sunday mornings scouring the newspaper inserts for coupons at the local grocery store? Make it a point to confirm you get all possible discounts when booking hotel reservations? Love getting the senior discount at the movie theater?
Who knows you best? Your spouse? Son or daughter? Best friend? If your primary care doctor doesn’t make the list, you could be missing out on one of the most important relationships when it comes to your health and well-being.
Medicare eligibility begins at age 65 for most people. Boomers born in 1953 are next up to join the ranks of Medicare beneficiaries. Here’s what you need to know.
Unless you take action to change it during Medicare Open Enrollment (Oct. 15 – Dec. 7), your current Medicare coverage will renew for the following year. But are you sure you want it to?
By Philip Moeller
You arrive for an appointment with your doctor and the receptionist asks for your insurance card. The card you hand over could tell you a lot about your Medicare and other coverage.