If you are one of the 10,000 people turning 65 everyday in the United States, you are eligible to apply for Medicare but you might want to wait, or apply three months before the month you turn 65. Confusing? Yes.
Medicare expert Jae Oh recently published a valuable resource, Maximize Your Medicare, 2016 Edition.
Medicare currenly has 55 million beneficiaries. Many Americans eligible for Medicare have no idea how Medicare works and the many choices that each individual must make can be confusing or easily misunderstood.
Maximize Your Medicare explains how to choose and why. What you can choose may be very different from what you should choose. The book provides analysis and advice in plain-spoken English with NEW, UPDATED 2016 Premiums, and cost-sharing details.
The book offers tips on how to get extra benefits and explains benefits that you may not have known existed. There are sections which describe some specific groups of beneficiaries, from veterans to governmental employees to the seriously ill.
Special attention is devoted to those that are part of employer-sponsored group plans.
Given the rapid changes to retiree healthcare benefits, it means that those who believed that they were "all set," will be required to learn the new language of Medicare.
Jae W. Oh, MBA, CFP®, CLU® ChFC® is a Certified Financial Planner, Chartered Life Underwriter, a Chartered Financial Consultant, a licensed insurance producer, and a contributor on www.mymedicareanswers.com, a website powered by Humana, one of the nation’s largest carriers of Medicare plans. Maximize Your Medicare is available at Amazon.com.