Medicare’s Annual Enrollment Period (AEP) is right around the corner! This week we take a break from politics to dispel some common Medicare myths before AEP begins on Oct. 15. Carl Hohsfield, Sr. Vice President of AMAC’s Medicare Advisory Service joins Rebecca Weber to talk about some common misconceptions that make Medicare seem a lot more daunting than it really is. AMAC makes Medicare easy! Tune in and let us help you feel more prepared for this year’s Annual Enrollment Period.
Please leave any questions or suggestions for future BFA episodes in the comments below!
"*" indicates required fields
*By providing your email address and subscribing, you agree to allow AMAC to send you "Join AMAC" emails, if you are not already an AMAC Member.
I hate when people say “liberal” when they should be saying “leftist”.
Are there time requirements for enrolling in Medicare A, B and D as pertains to age and employment / retirement status? Are there any fines or penalties involved if those timelines or deadlines are missed?
I’m turning 65 in February, and am an AMAC member, so I’m very interested in what you have to offer!!
There are penalties if you do not sign up for Medicare within a few months of turning 65, whether or not you are still working. The penalty is that premiums will be higher for a time when you *do* sign up. Be aware that you will be responsible for paying the part B premium directly if you are not yet getting social security and if it goes past due, you will lose your insurance coverage for a year.I think they need to make the Medicare age the same as the “full retirement” age, which for those retiring about now is 66.5, and those in the coming few years it goes up to 67.
Also… it is important to note that a Medicare Eligible cannot enroll in COBRA instead of Medicare upon their retirement (or their spouse’s retirment). This is also a myth that many people need to be aware of.
People need to understand that advantage plans still require you to pay the Medicare premium B. Also, if you are still working you may be able to go on traditional Medicare and get much lower premiums with the employer medical plan.because Medicare would be the primary provider.
I’m military retired and I’m disabled through the VA at 100%. I am already paying into Tricare (Prime is not available to my family) my primary medical assistant is through the VA. I’m also covered through my wife’s work plan. How would I apply for Medicare Plan A?
This video is misleading. While what is said is true as far as it goes, there is much more to the picture.
I asked for a call from AMAC and no one called me back. Pre open enrollment period. So, I guess I will be calling you.
You were correct that one can leave an Advantage plan and go back to traditional Medicare during the Annual Enrollment Period. The catch is that a Supplement Plan will want to do medical underwriting on you and they can reject you, so don’t plan to use a “free” Advantage plan for years until you get older and have serious medical problems and then switch to a traditional Medicare and a Supplement Plan which will be less expensive then instead of all the co-pays, deductibles, and rejected treatments.
Hopefully there will be a strictly audio version of this podcast.
Re: Myth 4… Many group plans now REQUIRE you to have Part B or they will reduce their claim payments. This needs to be said here, this is very misleading information to the public.