What Are Captive Medicare Agents? And Why you Should Avoid Them

As you go through the process of learning about Medicare and choosing a Medicare plan, there are different people you can talk to about your options.

It is an excellent idea to work with a Medicare agent who represents several different Medicare Supplement carriers. This agent will be able to focus on what is right for you.

A type of Medicare agent that you want to avoid is called a “Captive Agent”. A Captive Agent only represents one insurance carrier and usually can only offer one plan. They are almost always directly employed by an insurance company. Read More

The Medicare Musical Chairs Trap

I received a call from Bruce in Ohio last week.

Bruce is 69 years old and was diagnosed with Atrial Fibrillation two years ago. He has only had two episodes of an irregular heart beat and feels he has the condition well-managed with a medication called Xarelto.

The reason Bruce was calling was the Medicare Supplement he had chosen when he turned 65 had increased its premium nearly 50 percent in four years.

Charles Bradshaw
Unfortunately, Bruce was now unable to leave this plan for a less-expensive Medicare Supplement because the Atrial Fibrillation caused him to be declined when he applied for a different Medicare Supplement. Read More

Medicare’s Enrollment Timeline

If you do not enroll in a Medicare Supplement when you first go on Medicare, you may never to able to get one. Read More

Choose the Medicare Supplement Company …Not the Initial Price

Almost every day I receive a request from someone who is about to go on Medicare to provide them with Medicare Supplement quotes for their area.

While I am happy to do this, I always feel the quotes I am providing to them are misleading.

The reason for this is there is virtually no relationship between the monthly premium you pay for a Medicare Supplement at age 65 compared to other carriers and what you will pay over the course of your lifetime.

In many situations, the Medicare Supplement carrier with the lowest premium at age 65 will cost much more than other carriers both in the near future and the rest of your life. Read More

Real Medicare Versus Private Medicare

I would like to ask you a very simple question that will help you decide how you will receive and pay for your health care for the rest of your life.

Which of the following two goals is most important for you and your family:

1) To be able to get the best health care possible from the doctors or hospitals I believe give me the best chance for the best health outcome with little or no unplanned cost.

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Employer Coverage Or Full Medicare? How To Decide

The question I receive more than any other when someone is turning 65 and becoming eligible for Medicare is “What do I do about Medicare if I am still working and have coverage through my employer?

There are several different issues to consider when answering this question.

The first thing to know is when you turn 65 and are still working, you have a choice between staying on your employer’s coverage or leaving that coverage and going on full Medicare. Read More

Medicare Choices Today May Matter More Later

I have been privileged to help several thousand people who were going on Medicare understand their Medicare options so they could make the right Medicare decision for them.

While many people I help understand the long-term implications of the choices they make when they first go on Medicare, I often talk with someone who does not yet realize the Medicare choices they make when they first go on Medicare are often long-term rather than short-term decisions.

The conversation will often go something like this…

“Hi Charlie…this is Robert. I am turning 65 and going on Medicare next month. I need to decide what Medicare plan I need. I am in good health, take no medications and only see a doctor once or twice a year.”

If I were helping this same person with his property insurance, the same logic would go something like this… Read More

“I Wish I Had Talked With You Sooner”

I talk with many people every day about their Medicare situation.

In most situations, the people I talk with are about to go on Medicare so they still have the opportunity to choose a Medicare plan that will give them maximum access to the health care they may need now or in the future while having their costs paid 100 percent.

However, I often talk with people who are already on Medicare and who may not have realized the fact that bad Medicare choices can be permanent and irreversible.

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Do I Need a Medicare Drug Plan?

I am often asked the following question “Charlie, I don’t think I need a Medicare Part D drug plan. I don’t take any medications. Can’t I just add that later if I ever need it?”

Regardless of whether you take several expensive medications or take no medications at all, almost everyone on Medicare needs to enroll in a Medicare Part D drug plan.

There are three primary reasons you need a Medicare Part D drug plan even if you take no medications: Read More

Managed Care Medicare? Why You Should Avoid

As you probably know by now, when you are about to turn 65, you receive a large amount of unwanted mail trying to persuade you to enroll in a specific Medicare plan.

At first, it can be very confusing. Prior to becoming eligible for Medicare, Medicare seemed like a simple program. You turn 65 and go on Medicare.

Unfortunately, Medicare has become more complicated as the government has allowed private, for-profit companies such as Humana to steer you into Managed Care Medicare Plans that can provide far less access to the health care you need and require you to pay far higher costs than you should.

These plans are very profitable for these companies at the expense of your health and financial well-being. The high profits these companies make from these plans are the reason they spend so many millions of dollars advertising them on television and in your mailbox when your are about to turn 65. Read More

Delaying Medicare…Penalty or No Penalty?

I get many questions about whether there is a penalty if someone does not enroll in Medicare when they are first eligible at age 65.

Unfortunately, there is a tremendous amount of misinformation told to people approaching their Medicare age mainly by high-pressure Medicare sales people who either do not fully understand the complexities of Medicare or who simply will say whatever they think it takes to make a sale regardless of what is best for the person to whom they are supposedly helping.

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