National Medicare Education Week is here and Medicare beneficiaries may be able to get more insight about what Medicare options are best for them.
The education week, which began on Friday, Sept. 15 and ends on Sept. 21, precedes the Annual Enrollment Period for Medicare, which is Oct. 15- Dec. 7, when Medicare beneficiaries may enroll in or change a Medicare plan. The week was established in 2012 by United Healthcare, a health, life and supplemental insurance provider, as a program through its Medicare Made Clear initiative, which aims to make Medicare easier to understand.
According to www.medicaremadeclear.com, any forums that are hosted during the educational week are designed to help those seeking more knowledge and answer common Medicare questions like these:
What are my coverage options?
How do I decide?
What if I’m still working?
How can I save money?
When can I enroll?
Ashley Stapleton, a local Edward Jones advisor, hosted a Medicare 101 seminar with a local Medicare expert on Thursday for some of his clients who are or soon will be Medicare-eligible. Stapleton said it’s his job as a financial advisor to make sure his clients are properly prepared for their futures, which include can Medicare.
“Medicare is a big deal, and it’s important for people to understand it,” Stapleton said. “It’s important to know what options are available and what will work best for your health and your budget.”
According to medicare education website:
Sevin in 10 baby boomers say they have a fair or poor understanding of Medicare.
One in five Medicare beneficiaries describes Medicare as confusing.
Most can’t identify what Medicare Parts A, B, C and D cover.
62 percent of those eligible have never shopped for Medicare coverage to fit their needs.
“Medicare does not have to be confusing,” said Pamela Warner, local Medicare expert. “It’s important for Medicare eligibles to know what their health needs are and how much they can afford to spend.”