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The Complete Cardinal Guide

TO PLANNING FOR AND LIVING IN

RETIREMENT

THE CARDINAL GUIDE TO:

Medicare Strategizing

Receive a listing with monthly prices of 30-40 Medigap (Medicare Supplement) insurance companies in your zip code. The report is instant, free, and requires no personal information from you.

What happens when one spouse goes on Medicare and the other isn’t eligible?

While it would be convenient for spouses to have the exact same birthday, this is not usually the case. For many couples, their age gap becomes a problem when it comes time to sign up for Medicare. When one spouse goes on Medicare and the other spouse is...

Medicare vs Medicaid

Medicare and Medicaid are regularly used interchangeably, but they are very different programs. While both were established by the U.S. government in 1965 to cover healthcare costs and are taxpayer funded, that’s about where the similarities end. Do you know the difference between Medicare and Medicaid?

What is Medicare Part B?

Many refer to Medicare as “alphabet soup”, and Part B is one letter of this. Medicare Part B is one part of Original Medicare, which is made up of Part A and B. While Part A is hospital insurance, Part B is medical insurance, covering doctor and outpatient...

What is Medicare Part A?

Medicare is made up of four parts: Part A, Part B, Part C, and Part D. Many people getting ready to start Medicare, even people already on Medicare, don’t know exactly what all these parts cover. Part A and Part B are referred to as Original Medicare....

What is Medicare?

Every day, an average of 10,000 people turn 65.  After years of paying taxes, these people finally get the opportunity to sign up for Medicare.  Medicare is a federal health insurance program, funded by the Social Security Administration, for Americans 65...

Medicare Scams: How to Avoid Them

There are all different types of scams out there targeting various groups of people. One scam that specifically singles out seniors deals with Medicare. For scammers, Medicare is an easy topic because mostly everyone over 65 has it, meaning...

■  To ask us questions or to get your personalized report emailed or mailed to you, fill out the contact form below. ↓

 Medicare Part A and Part B start (for most people) on the first of the month before their 65th birthday. Part A is free and Part B has a monthly cost. If you are still working at 65 and covered by group insurance, sign up for A at 65 and delay enrolling in B until you retire.

 Choose a Medicare Advantage plan (Parts C and D) if you want no or a low insurance premium, deductibles, and copayments, and don’t mind the insurance company choosing your doctors and hospitals for you. Choose a Medicare Supplement Plan G or F plus a separate Part D plan if you want low or no deductibles and no copayments, plus you want the freedom to go to any doctor or hospital that takes Medicare.

 Buy Part D after going into Medicare.gov and running a comparison of Part D plans.

 Buy your Medicare Supplement Plan G or F from an independent agent who does not have a vested interest in steering you to one company. Look at a premium comparison report before you buy.

 If you have been on a Medicare Supplement plan for a few years, you might be paying too much. Shop around.

 If you qualify for LIS (the low-income subsidy program) or Extra Help, the government will pay your Part B premium for you and reduce your Part D drug copayments.

 Prepare to pay higher-income surcharges for Medicare Parts B and D if your income is over $85,000 as a single person or $170,000 as a couple.

 Long-term care implication of Medicare: Don’t rely on Medicare to pay your long-term care bill. It doesn’t!

Useful Documents.

Want more information? The Centers for Medicare & Medicaid Services (CMS) produces “Choosing a Medigap Policy: A Guide to Health Insurance for People with Medicare” to inform the public about Medicare supplements. We made a simplified version to highlight the most important parts. Plus, read the Medicare chapters from “The Complete Cardinal Guide to Planning for and Living in Retirement” and the accompanying workbook.

Contact Us.

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Cardinal Guide

Durham Office

2530 Meridian Parkway,
Suite 100
Durham, NC 27713

Charlotte Office

5309 Monroe Road,
Charlotte, NC, 28205

Greensboro Office

6520 Airport Center Drive,
Suite 100
Greensboro, NC 27409

Contact
Hans@cardinalguide.com
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919-535-8261

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