You can sign up for Medicare 3 months before you turn 65, the month of your birthday, and 3 months after turning 65. If you are collecting Social Security prior to 65, you will be automatically enrolled in Medicare and issued a card.

You can sign up for Medicare through the Social Security office: either via phone appointment, in person appointment, or The quickest way is through the website, and we are more than happy to help you with this process.

If you have credible group coverage either through your employment or your spouses', then no, you do not have to sign up for Medicare at age 65. If you are on Marketplace insurance, you will need to enroll in Medicare upon eligibility.

As long as you’ve had credible coverage, no, there is no penalty.

Part D covers your prescription drugs. Even if you are not taking prescriptions at age 65, it is a good idea to enroll in a stand-alone Part D plan or Medicare Advantage plan with Part D built in to avoid a penalty.

There is no premium for Part A. The premium for Part B changes each year - it is $170.10 for 2022. If you are collecting Social Security, the Part B premium is deducted from your check. If you are not collecting Social Security, you will be billed for the premium.

No, however you may pay a late enrollment penalty if you delay enrolling in a plan.

Despite what the commercials on TV say, the only plans in Indiana that cover your all your Part B premium are Dual Plans (DSNP). DSNP plans help people who are Medicare and Medicaid eligible cover health costs. A few plans provide a partial give back of your Part B premium, but they may have less benefits such as no prescription coverage.

Part C is commonly known as a Medicare Advantage Plan. Advantage Plans are offered by private insurance companies and roll Part A, Part B, and often, Part D, into one plan. Advantage plans also tend to include benefits beyond Original Medicare such as dental, vision, hearing, and fitness benefits.

A Medicare Supplement, or Medigap policy, works with original Medicare to cover out of pocket costs of health insurance. Supplements have monthly premiums and a deductible, but very little out of pocket expense.

That can vary depending on your stage in life.  We can conduct a needs analysis to help you find the right amount and right type for your situation.

Yes, you can.  Quite a bit has changed over the years in how life insurance companies look at health issues. Some conditions that used to render one uninsurable might not be insurable.  There are also specialty plans for people with severe health problems.  We can shop the market to find the best coverage possible. 

Yes, you can.  The Affordable Care Act made health insurance guaranteed issue and no longer allows pre-existing conditions to determine your eligibility for health insurance in the under age 65 market.  This is mostly true in the Medicare market as well but there are a few things to know.  Ask us about it and we can give you the details. 

Premiums can seem quite high for Long Term Care Insurance. However, when you consider that a person aged 65 today has a 70% chance of needing some type of long-term care services at a cost of $3000-$8000 per month or more, then the premiums look small in comparison.   We can work up some options for you and let you see the cost of not having the proper coverage.

An annuity is a long-term investment that is issued by an insurance company and is designed to help protect you from the risk of outliving your income. Through annuitization, your purchase payments (what you contribute) are converted into periodic payments that can last for life.

Yes, you can.401K's, 403B's and other employer retirement plans are typically considered Qualified Plans. That means that the money that was paid in was done before taxes, so the money is "Pre-Tax''. To avoid taxation when moving money out of a Qualified Plan you must roll or transfer the funds into another Qualified plan such as a Traditional IRA. A Roth IRA would create a taxable situation, but some people are fine with that.   There are many types of investment vehicles that can have the Traditional IRA designation, including annuities. 

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