(NBC) – Although there’s no confusion about paying the Medicare tax, the same can’t be said about how Medicare works.
“Well, I read an article just recently that said 82% of seniors are confused about Medicare,” said John Hill with Gateway Retirement. “I think that is about 18 points short.”
Confused and probably, intimidated… But, as long as you remember that sign-up occurs three months before or after your 65th birthday, Hill says you’ll be okay.
“You need to be active and not just let things happen because that is how people get penalties,” Hill said.
He helps people navigate the Medicare maze and sells the insurance they’ll need, above and beyond basic Medicare.
Plus, he offers advice on whether to go with original or Medicare Advantage.
“Medicare Advantage will change every year, they will change their networks, doctors can go in and out of networks if they want to,” Hill says.
What you’re being taxed for now is Medicare A, or hospital stays after age 65.
Medicare B is the government insurance you’ll probably need to pay doctors and other providers after retirement.
All of this is found on the Medicare website.
“If you’re going to help grandma, first you need to get educated because you have the link with her to get information but you may have to educate yourself,” Hill said.
Insuring good healthcare for you down the road.