Medicare
From Parts, to Plans, to Premiums, Medicare is confusing. We break it down and lead you to a place where you can make educated Medicare insurance decisions.
We are Medicare experts who have access to over 30 Medicare Supplement companies and Medicare Advantage companies. We understand how Medicare plays into your larger retirement picture. We aren’t going to sign you up for a Plan because it is the cheapest option; we are going to find a plan that will work for you, your budget, and provides you the best coverage.
Questions we can answer
When should I start Medicare?
Most people should start Medicare at age 65 during their Initial Enrollment Period, unless they, or they’re spouse, have employer coverage from a company with 20 or more employees. Delaying enrollment without qualifying coverage can lead to lifelong penalties on premiums.
Can I start Medicare early?
Yes, you can start Medicare early if you qualify due to a disability. People under 65 become eligible after receiving Social Security Disability Insurance (SSDI) for 24 months, or immediately if they have End-Stage Renal Disease (ESRD) requiring dialysis or transplant, or Amyotrophic Lateral Sclerosis (ALS).
Should I buy a Medicare Supplement or a Medicare Advantage Plan?
It depends on your situation. Medicare Supplement (Medigap) plans have higher premiums but give you nationwide access to providers and lower out-of-pocket costs. Medicare Advantage plans usually have lower or no premiums, but limit you to networks and require more cost-sharing when you use care.
Which company should I buy my Medicare insurance from?
There isn’t a single “best” company for everyone—it depends on where you live, your budget, and your health needs. Cardinal Advisors represents most Medicare insurance companies.
Can I save money on my Medicare insurance?
You can—and should—shop Medicare Supplement plans regularly to ensure you’re getting the best rate. If you have a Medicare Advantage plan, you can only make changes during the Annual Enrollment Period from October 15 to December 7.
What is the Medicare tax or IRMAA?
IRMAA (Income-Related Monthly Adjustment Amount) is an extra charge added to your Medicare Part B and Part D premiums if your income is above certain levels. It’s essentially a Medicare tax for higher-income retirees, based on your tax return from two years prior.
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