What’s one Medicare decision that too many people regret later?
Question from a Senior: What’s one Medicare decision that too many people regret later?
I've seen employers offer an employee retirement incentives that included the employer paying for COBRA for a portion, or the entirety, of the 18-month term if the employee agrees to retire. When a person takes this offer, but they are already 65 or older, Medicare does NOT view this as creditable coverage. What the individual expected to be a benefit, turns out to be a regret because Medicare penalizes them for the rest of the time they are on Medicare. This could have been avoided had they spoken to a trusted advisor prior to making the decision. It's important to understand the impacts of decisions related to Medicare!
Answered by Mark Slemons on March 5, 2025
Broker Licensed in AZ, CO, FL & 14 other states
They don't review all their options and talk to an agent. Too often, people listen to a neighbor or friend instead of seeking the advice of a professional. TIG has helped people nationwide with Medicare for more than 3 decades. We focus on education and service, not sales. We are 99% referral and never pressure anyone. Because we are independent, we can offer lots of companies and plans. We don't have to put everyone in the same thing. We do not charge for our services.
Answered by Caitlyn Hartmann on March 6, 2025
Broker Licensed in MO, AK, AL & 48 other states
