Everything Insurance Group in Tulsa

Everything You Need to Choose the Best Medicare Plan For You

Turning 65 is an exciting milestone, but it also comes with some important decisions, especially for your healthcare. As you approach this new chapter, it’s crucial to understand the ins and outs of Medicare enrollment. At Everything Insurance Group in Tulsa, they’re there to guide you through every step, making sure you’re fully prepared and confident in your choices.

Turning 65 - What to Do

So, what should you know about Medicare enrollment? First things first—Medicare Part B isn’t automatically given to you. That means you’ll need to apply, and it’s best to start the process at least three months before your 65th birthday. Why the early start? Medicare offers a variety of plans, and it’s important to find the one that fits your specific needs based on your current prescriptions and doctors. “By starting early, you’ll have ample time to sit down, review your options, and make an informed decision without feeling pressured,” owner Abrina Tarasenko said.

“One thing we always emphasize is not trying to navigate this process on your own. We have annual training and deep knowledge of Oklahoma’s insurance landscape, meaning we understand the state laws and regulations that might affect your choices,” co-owner Alex Tarasenko said. Working with a local expert ensures that your plan is tailored to the local market—something a non-local agent might not provide.

If you’re planning to work past 65 and continue with your employer-sponsored health coverage, it’s still important to plan. If you know your retirement date, starting the Medicare application process three months before retiring will help you avoid unnecessary penalties. Remember, you must have a coverage—whether it’s through your employer or Medicare—within 63 days after your Medicare effective date, which is typically the first of your birthday month.

For veterans, it’s important to know that VA or tribal coverage isn’t considered creditable coverage for Medicare. If you decide to enroll in Medicare later, you could face penalties. “There are specific plans designed for veterans that work with the VA, Tricare for Life, or Tribal clinics, which can help reduce your Part B premium and provide the benefits you need,” Alex said.
Last, if you’re still employed and your job offers credible medical and prescription coverage, you might delay your Part B enrollment. “Not all employer coverage qualifies as creditable for Medicare, so it’s important to verify this before deciding,” Alex said

Over 65 - Be in Control of Your Medicare Benefits

Once you’re over 65, staying in control of your Medicare benefits becomes even more crucial, especially with major changes on the horizon. As of January 1, 2024, all Medicare plans are undergoing significant modifications. “It’s not just a few companies—every company is making changes, some of which might affect your current coverage or prescriptions,” he said.

Even if you’re happy with your current plan, this isn’t the year to let it roll over automatically. Some plans are removing benefits, adding deductibles, or no longer covering certain prescriptions. “This year’s changes are the most significant we’ve seen making it more important than ever to verify that your plan still meets your needs,” he said.

Remember, to get a Medicare plan that covers medical expenses, you must have Part B. If you don’t have Part B yet, they can assist with the application process to ensure you’re covered.

There are many people who qualify for state subsidies to help pay for their Part B premium but aren’t aware of it. “Oklahoma has a state program that might reduce your premium costs. A quick call to us can help determine if you’re eligible for this help,” he said.

So Why Choose Everything Insurance Group?

“We’re a local, family-owned business that cares about our community,” Abrina said. With all the changes coming, you can expect an influx of information and marketing materials from various companies. Instead of sifting through all of that on your own, choose Everything Insurance Group where you can have a face to face about the best options for you. “We have your best interests at heart, and it won’t cost you a dime to check in with us. A simple 10-minute phone call could save you from any unwanted surprises come January 1st,” Alex said.

Choosing the right Medicare plan can be overwhelming, but you don’t have to do it alone. At Everything Insurance Group in Tulsa, Alex and Abrina Tarasenko are there to help you navigate your options and secure the coverage that’s right for you.