“In the past, when a senior signed up for Medicare Part B in the last few months of their IEP, benefits didn’t start right away,” Cissell explained. “That will change next year, and benefit coverage will be almost immediate.”
If a senior does not enroll in Medicare during their IEP, they can do so during the General Enrollment Period (GEP) between January and March. Historically, Medicare benefits would not begin until
Reductions in health insurance premiums
These improvements to Medicare coverage follow the SSA’s announcement of an 8.7% increase in
“These improvements to Medicare are another important reason for older workers to consider their health insurance options when comparing their employer’s health plan to Medicare,” Cissell said. “Increasingly, we are seeing individuals looking for alternatives to reduce their health care costs and improve their financial situation before retirement.”
Allsup Benefits Coordination provides valuable services to employers and their employees transitioning from private group health insurance plans to other options, including Medicare, exchange plans, or COBRA. “Our trained and licensed healthcare benefit specialists are experts in healthcare plan provisions and complex federal and state regulations. We guide employees so they can make informed decisions based on their age, income, family size and other important factors. We help them choose the best path for this stage of life,” Cissell explained.
For more information about Allsup Benefits Coordination, call (866) 521-7655 or email [email protected].
ABOUT ALLSUP
Allsup and its subsidiaries provide nationwide
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Rebecca Ray Allsup (618) 236-5065 [email protected]Samantha Fernandez Pinkston (703) 946-0326 [email protected]
Source: Allup