Healthcare
Enrolling in Medicare Has Money-Saving Benefits
The concept of a national
healthcare program is nothing new . In the 1940s , President Truman advocated for a universal national health insurance program , though it was not until 1965 that President Johnson officially signed the Medicare and Medicare Act into law .
While most people on Medicare today report they are satisfied with their healthcare coverage , the program itself is somewhat confusing with the array of coverage choices , premium levels and enrollment rules to keep track of .
What often happens when people turn 65 and become eligible for Medicare , is that they either choose to remain on their employer ’ s insurance , stay on their partner ’ s insurance , or do not take any action . Luckily , organizations like SBHIS insurance Services work to ensure each beneficiary understands their options so they can choose the right plan for them .
Pat Salas , CEO of SBHIS shared with GB Magazine ,
58 GBSAN . COM | NOVEMBER 2022
SBHIS Founder and Chief Dream Enabler Pat Salas
“ The enactment of Medicare drastically improves access to care for millions of elderly Americans . They just need to know what is available to them .” She adds that for those already receiving Social Security Benefits at 65 , they can expect to be automatically enrolled ( though they should double-check ). If not automatically enrolled , it is a good idea to enroll during the initial enrollment period .
For seniors who want to maximize their savings while on Medicare , Pat recommends taking advantage of the Medicare Part B premium reduction included in some Medicare Advantage plans . The amount covered can range from 10 cents to the full Part B premium cost , which is roughly $ 170.10 .
There are also numerous Medicare Advantage plans that may include a Flex Card that provides an additional allowances to reduce out-of-pocket costs for dental , vision and hearing needs ; a Simply Cash Card that can be used for groceries , utilities , housing , and transportation ; and an allowance meant for the purchase of health-related items such as medications .