We have witnessed a growing trend while consulting with new companies over the past few months. A trend that will not benefit their employees in the long run. Employees were guided to their Medicare by a salesperson. AND the salesperson sold the same plan to every person referred to him by their employer. Wow!
Lots of mistakes:
- Mistake #1 One plan is not for all! Folks have different needs, so they can select a plan to fit those particular needs.
- Mistake #2 Using a salesperson. Instead, use a Medicare fiduciary who will offer non-bias advice and put the client's needs first.
- Mistake #3 Not working with Certified Medicare Planners® who will educate and show every plan available in the market.
- Mistake #4 Folks accepting plans they didn't understand or review annually.
When employees are ready to transition to Medicare, they have many options to consider for their healthcare. Our team makes your Medicare transition simple and 123Easy.
Employers try to 'help' by sending employees/retirees to the Medicare.gov site on their own. But can you imagine sifting through over 5000 Medicare plans all alone?
Medicare salespeople may only sell Medicare Supplements, only sell a few big-name brand plans, or are limited to selling only a few plans they are licensed to sell. These limitations are a disservice to folks.
Partner with a team trained to educate, licensed with every plan, and ready to personalize the experience to Medicare. (Services are free to you and your employees.) So they go to Medicare stress-free and confident. Bonus- we review their plans yearly to ensure they continue to be right for them as their needs and plans change. Your employees make the right decision the first time! And thank you for referring them!
By American Retirement Advisors
American Retirement Advisors helps retirees and pre-retirees navigate Medicare, estate planning, and retirement income — so you can enjoy the retirement you've earned.
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Medicare & Healthcare · Loraleigh Drummond
Easy Eddie's Take
This is absolutely right about this one-size-fits-all problem. Let's take a look at why Medicare choices matter so much. When you turn 65, you're looking at Medicare Part A (hospital coverage), Medicare Part B (medical coverage), and then deciding between Original Medicare with a Medicare Supplement plan or a Medicare Advantage plan. Each path has different costs, networks, and coverage rules.
Here's what most people don't realize: during your Initial Enrollment Period (the seven months around your 65th birthday), you have guaranteed issue rights for Medicare Supplement insurance. Miss that window, and insurers in most states can ask health questions or even deny coverage. That's why getting personalized advice from a Certified Medicare Planner® during this critical time makes such a difference.
The good news is that Medicare Annual Open Enrollment runs from October 15 to December 7 each year, so you can review and change plans if needed. A little preparation with the right guidance can make your Medicare years much more comfortable and affordable.