July Strictly Business

Help! I’m Turning 65

FAQs – Medicare:

  • What happens to my health insurance when I turn 65?
  • Should I stay on my employer’s plan if I plan to work beyond age 65?
  • What’s the difference between a Medicare Supplement and a Medicare Advantage plan?
  • Do I need a Prescription Drug Plan if I use only a few generic medications?

Every day there are 10,000 Americans who turn 65 and become eligible for Medicare. If you do the math, that equals 3.65 million per year. We hear these questions every day because becoming eligible for Medicare is a big change for most people and it must be taken care of in a limited amount of time. Then there are the mountains of mail that come from insurance companies that acquire lists of everyone’s 65th birthday AND the phone calls from insurance representatives that are eager to do business with you.

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