Medicare Educational Resources 

FAQs on Our Medicare Educational Resources

Our Medicare educational resources include answers to questions we often hear about Medicare. We've compiled some of the most common questions we receive about the industry and answered them using resources from the internet.  Here are some common questions and brief answers:

• What about prescription drug coverage? Medicare Part D plans offer prescription drug coverage and varies widely in terms of cost and drugs covered. Reviewing your options annually is important, as the plans can change yearly. As a Medicare insurance advisor, we are ready and available every month of the year to answer your Medicare prescription drug questions and help you choose the right plan that covers your medications at the lowest cost.

• Supplement Plans vs. Medicare Advantage? Medicare Supplement (Medigap) plans cover gaps in Original Medicare, like deductibles and coinsurance. Medicare Advantage plans often include extra benefits like dental and vision but may limit your provider network. Deciding between the two depends on your healthcare needs and financial situation. Remember, our agents are ready and available every month of the year to answer your Medicare prescription drug questions.

• Should I claim Social Security earlier? If you are nearing 62 and thinking about filing for benefits, there are a few things you need to know before you act so you don't regret your choice. First, claiming Social Security benefits early at 62 can reduce your benefits. Wait until full retirement age for a larger monthly benefit. Consider your health, financial needs, and employment situation when deciding to claim early.

• Is there an estimate retirement benefits calculator? Use the Social Security retirement benefits calculator to estimate your benefits at different starting ages. Based on your financial needs and work history, this can help you plan when to retire.

• What are some of the disability benefits? Social Security disability benefits support you if a medical condition prevents you from working. The process to receive these benefits includes proving your disability and having enough work credits.

• Will COVID-19 social security retirement benefits for boomers born in 1960 take a big hit? The COVID-19 recession could lead to a reduction in Social Security benefits for people born in 1960 unless Congress takes action. This could mean about a 9% decrease in their expected benefits.

If you are looking for free Medicare information or need Part B enrollment assistance, do not hesitate to reach out for help. Our resources can guide you if you need to find a local Social Security office or have more questions.