Maximize Your Medicare (2016 Edition)
Understanding Medicare, Protecting Your Health, and Minimizing Costs
Jae W. Oh, MBA, CFP®, CLU®, ChFC
This book can be downloaded and read in iBooks on your Mac or iOS device.
Maximize Your Medicare has been updated for 2015 with brand-new sections:
Truths and Myths
Long-term care issues
Medicare & Retirement/Financial Planning
Written by a Certified Financial Planner(r), nationally-recognized expert (as Expert contributor on mymedicareanswers.com, powered by Humana, Inc, the nation's 2nd largest provider of Medicare plans), and frequent public speaker in person and on talk radio stations nationwide,
Maximize Your Medicare provides analysis and advice you can use in plain-spoken English with NEW, UPDATED 2015 Premiums, and cost-sharing details. The book is not an endorsement of any carrier's product. It is written to distinguish differences among the numerous alternatives that face those affected by Medicare.
Medicare is frequently misunderstood for many reasons: confusing dates, perplexing rules, excessive advertisements. Maximize Your Medicare is intended to address these misunderstandings, so you can choose the right option for yourself. The book includes examples of real-life cases, which may be similar to the situation that you may face. The bottom line: you are not alone and the situation you face may be similar to the situation that others have faced, are facing, and will face in the future.
Maximize Your Medicare explains:
* What Medicare is
* How/when to enroll
* Your rights and options when you become eligible for Medicare
* How to Compare Medicare Advantage and Medigap plans
* How private plans (group, Medicare Advantage, Medigap) interact with Medicare
* How prescription drug benefits work under Medicare Part D
* How to choose among employer (group) plans and private plans
Maximize Your Medicare can help you from making costly errors.
It is not enough to simply know the basics of Medicare. The fine print and changing situation can mean the difference between saving money, or paying out-of-pocket expenses, that may have been excessive or unnecessary, if you had the correct information. Maximize Your Medicare offers tips on how to get extra benefits</b> and shows you benefits that you may not have known existed. The book FULLY explains why your out-of-pocket expenses may be higher than you expected, and what to do to avoid them. In addition, there are special sections which describe some special groups of beneficiaries, from veterans to governmental employees to the seriously ill. Special attention is devoted to those that are part of employer-sponsored group plans.
Retirement planning rightfully begins here.
Healthcare expenses can drain the retirement savings if healthcare costs are not properly taken into account. To think that portfolio returns will exceed the potential expenses, should extensive healthcare costs be incurred, is ignoring financial market reality. To think that estate planning documents will save more than the costs of potential out-of-pocket expenses is ignoring legislative reality. Elder care attorneys/financial planners will serve their clients best by helping them with potential healthcare costs first.