Let’s suppose you’ve had enough of your job and want to retire – tomorrow! What would it take? How could you satisfy yourself that you have the financial wherewithal to walk away from the security of your paycheck?
For those of you who think of AARP as a non profit organization that protects seniors, you should know the facts. The money AARP takes in as a non profit in no way pays their bills. What does is selling insurance, financial services and other products and services through their for profit subsidiary. In other words and to make this crystal clear SELLING HEALTH INSURANCE PAYS THEIR SALARIES!!!!!! This includes selling seniors individual assurance company medicare supplement, Medicare Advantage and Medicare Part D drug plans. So why would they support this bill?
Back to the main subject, last November when I received my Medicare card, I started getting used to the idea that maybe I’m not as young as I once was. I’m moving toward full acceptance of that, but now there is another thing looming out there – Social Security retirement benefits. Of course, you are eligible for this starting at age 62 if you’re willing to take a reduced check every month, but if you want to wait until your “full retirement age,” you have to wait until you are at least 66. So I have that to look forward to later on.
In case of the other plans present in this health insurance system you can use the card issued by the government along with some other cards issued by the private company. But in case of the advantage plan you can only use the beneficiary card issued by the government.
medicare supplements come in standardized levels. These are the only ones that can be sold. There are about a dozen plans with very plain names like Plan A or Plan L. A Plan A policy will always be the same, no matter which insurer sells it to you. Again, the details of each policy is standard. However Plan A is different than Plan J. Each plan has a different set of benefits.
While this may be a “Huh?” moment, the trick to figuring this out is to find out which health insurance company is the most financially stable and has a B+ rating or higher. Then you want to find out what they can do for you for the best rate for your choice of Plan.
P.S. You can click the link below to get more information about no-hassle, no pressure quotes from trusted advisors who can do all of the shopping on your behalf.