On the surface, Medicare can seem like a complicated and intimidating part of planning for your future. However, it doesn’t have to be that way. Greg Rossler joins the show this week to help talk about everything medicare, and what you should know looking forward.
On this episode, Michael, John, and Greg had listeners call into the show live to ask the hosts some specific questions when it came to their Medicare situation, and what their best options where.
One of our callers was a 69-year-old veteran that’s currently on a military medical retirement plan, but got conflicting answers from the Social Security Office when he asked about what/when he should sign up for when it came to Medicare?
In regards to the VA, in this situation, you can receive all your benefits through them. However, when you want to step outside that and into the private world of insurance, you might run into a few issues receiving coverage. With that being said, you should have no problem or penalty when you enroll in Medicare Part B, although you may have to pay a premium. In fact, when enrolling in Part B, it may have to be during a general election period (January 1st – March 31st).
We also had a few people text their questions in during the show. One of the texts we received was asking about pre-existing conditions. They asked about pre-existing conditions when it comes to cancer, and if that was going to be an issue regarding Medicare.
Under Medicare Part A and Part B, there is no such thing as a pre-existing condition, once you are eligible, you are covered to the full extent of A and B. When it comes to Part D, you don’t have to a prescription not being filled due to a pre-existing condition. In the world of Medicare Advantage, there are no pre-existing conditions either. The only place a pre-existing condition can come into play is with Medicare Supplements, also known as Medigap.