Peter Yeh, Medicare Insurance Agent
Peter Yeh
Anneta Insurance Solutions
Medicare Agent Licensed in CA and TX
17+ Years of Experience
Contact Details
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Location
San Francisco, CA
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Phone
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Website
About Me
My name is Peter, and I am your local trusted Medicare insurance agent servicing the San Francisco Bay Area. I am dedicated to helping individuals like you find the best plan that fits your specific needs and budget, while navigating Medicare with clarity and confidence. I would be delighted to assist you in exploring your Medicare insurance options. Please feel free to reach out to me at your convenience. Let's work together to secure the coverage that is right for you. Kindly mention that you found me on Medicare Agents Hub when you contact me. I look forward to the opportunity to support you in making well-informed decisions regarding your Medicare coverage. Thank you for considering my services. I am here to help you every step of the way.
Q&A with Peter Yeh
What is the biggest mistake seniors make when enrolling in Medicare?
Answer: One of the bigger Medicare mistakes is ignoring the Annual Enrollment Period. Many things change in health insurance each year. The list and number of available plans often change and plan benefits, provider network and drug formularies may change too.
What is one of the the most common misconceptions people have about Medicare?
Answer: A common misconception about Medicare is that it covers all medical expenses, but in reality, Original Medicare (Parts A and B) only covers a portion of costs, and other parts and plans, like Part C (Medicare Advantage) and Part D (prescription drug coverage), require additional premiums and may have limitations.
Will I be penalized if I do not enroll in Medicare when I turn 65?
Answer: Yes, you may face penalties for late enrollment in Medicare Part B if you don't enroll when first eligible and don't have creditable coverage from another source. The penalty is typically 10% of the Part B premium for each 12-month period you were eligible but didn't enroll, and you'll likely have to pay this penalty each month for as long as you have Part B.
What are the signs that it's time for me to switch my Medicare plan, and how often should I review my options?
Answer: Four signs you need to change your Medicare Part D coverage.
1. Your current plan’s formulary has changed
2. Your medication needs have changed
3. The pharmacies included in your plan’s network aren’t convenient
4. You’re paying a high premium for a plan you’re hardly using
If you're paying a high premium for a prescription drug plan you're hardly using, it might be time to consider a switch.
How do discount cards and resources affect my Medicare Prescription Drug plan?
Answer: You can't use prescription discount cards with your Medicare Part D benefits, but you can use them instead of them if the discount offers a lower price than your plan's cost.
How might artificial intelligence change how Medicare approves claims in the future?
Answer: AI could significantly reduce inefficiency in healthcare, improve patient flow and experience, and enhance caregiver experience and patient safety through the care pathway.
I've been paying into Medicare for years, and I'm not sure why my specialist visits still cost me so much. What am I missing here?
Answer: You can get the lowest cost if your doctor accepts the Medicare-approved amount as full payment for a covered service. This is called “accepting assignment.
I'm retiring next year - do I need to do anything with my Medicare?
Answer: Whether you’re turning 65, are already 65, or are older than 65 it doesn’t matter. If you’re planning to retire in 2025, these are some key things you should consider.
Talk with your employer benefits administrator early – at least 6 months before retiring if possible.
Ask how your spouse/dependents may be impacted when you drop your employer coverage. They could be eligible for COBRA.
Ask if you have retiree coverage available, how it may work with Medicare and if it’s available to your spouse/dependents.
If you are over 65, and you were able to delay enrolling because you had creditable health coverage, make sure before you enroll to get written proof of your prescription drug coverage to avoid late enrollment penalties for Part D. Your employer provides this.
Identify and mark your calendars for your Initial Enrollment Period dates (if you’re under 65 or will be 65 at retirement) or for your Special Enrollment Period dates (if you’re over 65 and qualified to delay enrollment).
Enroll as soon as you can. Whether it’s the first month of your Initial Enrollment Period or Special Enrollment Period, enroll as early as possible to avoid late enrollment penalties for Parts A, B and/or D.