Ada-Icon
Required

Medicare Law, Elder Law Attorney, Woodstock, GA

When signing up for Medicare benefits it is important to know your options and how they might interact with your current healthcare coverage.

For most Americans over the age of 65 the benefits of Medicare are obvious. It provides affordable health care coverage at a time when most people are looking to retire and thus in danger of losing employer provided health insurance.

Unfortunately, signing up for Medicare is not as simple as filling out a single form when you are eligible. You need to know your options and how they relate to other health care coverage.

Recently, the Motley Fool discussed some of the options in “Read This Before You Take Medicare Benefits.”

The things to consider include:

  • Employer Provided Coverage – If you are still working when you become eligible for Medicare, you need to understand how Medicare benefits will interact with your employer provided insurance. There is not a hard and fast rule, but generally if an employer has fewer than 20 employees, then Medicare will be the primary insurer with the employer provided insurance acting as a secondary insurer. The opposite is true for larger companies. It is important to speak to your current insurer to find out for certain and if that insurer has any policies concerning when you must sign up for Medicare.
  • Medicare Advantage – You have the option of signing up for traditional Medicare or Medicare Advantage. Traditional Medicare benefits are administered directly through state agencies and allow the option of signing up separately for Part D prescription benefits. Medicare Advantage plans are operated by private insurers and have prescription drug benefits rolled into them. Depending on your needs one or the other may be cheaper or provide better coverage.
  • Penalties – If you do not sign up for Medicare when you first become eligible, then you might face penalties when you do start receiving benefits. Those penalties are different for each part of Medicare.

If you are one who likes to do Internet research, then you will find the Medicare official website helpful.

Reference: Motley Fool (March 26, 2016) “Read This Before You Take Medicare Benefits.”

Hear From Our Clients
tes-prev
tes-next

“On the threshold of retirement, we finally decided to quit thinking we could self-prepare the requisite documents. We had previously had only a very simple will. We needed the necessary legal (including updated will) & health care docs but didn’t want to deal with the time & complication of legalese. Cindy made the process relatively painless. She took the time to explain and answer questions without trying to upsell services. We were done in 2 meetings plus the reading of emailed drafts. In addition to preparing the documents, Nelson Eldercare will be there when our adult children need advice on executing the plans we’ve put in place.So glad it’s behind us and would recommend Cindy and her helpful staff.”

- Bonnie

Cindy and her company treat their clients like family. Nelson’s offers clear, direct, and honest guidance in planning for your families security and future. No one wants to actively sit down and make these decisions, but Nelson’s makes this process seamless. I was so impressed with their willingness to answer all questions big or small. So glad I made the decision have them help my mom and dad and now me. You can’t go wrong with Nelson’s Elder Care Law.

- Hope

The very best elder law attorney and staff anyone could ever ask for! I have referred a number of clients to Cindy and she never disappoints. She is kind, caring, and extremely thorough in making sure everything is completed as it should be. I highly recommend Cindy for anyone needing lawyer services; she truly goes above and beyond for every client she helps and has had a huge impact in so many peoples’ lives. Thank you, Cindy and staff, for everything that you do- I’m so glad to know you!

- Kerri

I heard Cindy’s presentation at a Senior Luncheon at my church, and was very impressed. She helped my daughter and me understand many aspects of elder law. Josh has also been very helpful in my planning to enter an independent living situation . I have told many friends about them.

- Charlotte

Cindy and the Nelson Elder Care Law team are trustworthy and helpful. They are the experts in elder care law. At Leaf Cremation, we entrust our families to the care of the Nelson team when their services are needed.

- Pierce