Annoying. Difficult. Frustrating. For anyone who has applied to Medicare, these are the typical words that come to mind when describing the application process. Part of the problem is that there’s no easy, one-size-fits all coverage option. The other part of the problem is that in an underfunded system, everyone’s on their own to navigate through as best they can. So, what can you do to maximize your Medicare coverage while minimizing your expenses and stress? Give yourself plenty of time and read these top 10 things to know about Medicare before you turn 65: 1. Start the Application Process Early Applying for Medicare is a complicated and lengthy process. How much time should you give your
Q. I’m planning to leave my job to become self-employed in April. My insurance will end on April 30, but I have an option to take COBRA. Do I qualify for a special enrollment period to get an individual plan in the exchange as of May 1, or do I have to take COBRA? A: You do not have to continue your plan with COBRA. You qualify for a special open enrollment if your employer-sponsored insurance is ending (assuming it qualifies as minimum essential coverage), even if you have an option to extend it with COBRA. Your special open enrollment begins 60 days before your current policy ends, and you’ll be able to complete your enrollment as late as April 30 and still have coverage effective May 1, a
Our team here at RCB & Associates was pretty excited to get this letter! We've been busy year helping clients with their insurance needs during COVID and all of the changes 2020 has given us. We are here to help our Michiganders with their health, life, Medicare, and related insurance needs. Click here to see our offerings and give us a call at 616-233-9050. You’ve just joined a very exclusive group! Members of the Marketplace Elite Circle of Champions are some of the topperforming Marketplace agents and brokers. We are continually impressed by the dedication and commitment you show to consumers. This is part of why the Centers for Medicaid & Medicare Services (CMS) seeks to constantly impro
Open enrollment following the COVID-19 pandemic will be unlike any other in recent memory. Many organizations are still trying to recover from extended closures and maintain safe working environments—open enrollment is the last thing on their minds. Yet, procrastinating on enrollment planning can actually cause more issues than it solves. From an operational standpoint, COVID-19 might surge in the fall and force states to reclose businesses. From a personnel standpoint, employees may not be comfortable returning if they feel unsafe in the workplace. That’s why it’s critical to start thinking about a safe enrollment right now. Employer Next Steps Preparation will be the key factor for a succe
