Medicare and Health Savings Accounts (HSA)
The decision to stay on your employer group plan or switch onto Medicare often comes down to Health Savings Account (HSA) questions.
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The decision to stay on your employer group plan or switch onto Medicare often comes down to Health Savings Account (HSA) questions.
Your two options for covering most of the gaps that Medicare leaves behind come in the form of Medicare Advantage plans and Medicare Supplement aka Medigap plans.
Medicare covers a lot, but unfortunately, there are several coverage gaps that leave you exposed to serious financial risk. It is important to understand these risks and how to protect yourself against them.
Medicare Part D is a beast.
Medicare is notorious for its alphabet soup. Luckily, we're here to help clear that up for you. We'll go over each part to help you understand what it covers and what it costs.
When you can sign up for Medicare and when you should sign up for Medicare will produce two very different answers. In this article, we'll address the timelines around when you can sign up for Medicare, but we will touch on when you should sign up for Medicare in another article.
Most know that they will qualify once they reach a certain age, but there are other ways for people to realize the benefits of Medicare coverage.
If you prefer a video tutorial, check out ours here: My Social Security Account Setup Up Video
There are a few reasons why you are going to want a special account called My Social Security, and the first is obvious - Managing your Social Security benefits. You will need a My Social Security account to apply for Social Security benefits when the time comes (usually between the ages of 62-70). With your My Social Security account, you can request a Social Security card replacement and see benefit projections based on when you decide to take Social Security, but that's not why we're writing this article.