Monthly Archives

November 2019

Transitioning Insurance After Retirement

By Medicare

Retirement should be a time when you finally get to do the things you’ve always wanted to do with the people who mean the most to you. At Steinlage Insurance Agency, we don’t want worries about your healthcare coverage to keep you from enjoying this new chapter in life. That’s why we are dedicated to helping people transition their healthcare coverage after retirement. There are several options for maintaining healthcare insurance after retirement. If you retire before you are 65 years old—before you qualify for Medicare—you’ll need to bridge the gap so that you don’t go without coverage. Fortunately, there are several options, including COBRA, private insurance, your spouse’s insurance plan, and the public marketplace. If you are 65 or over, Medicare will cover a large portion of your medical expenses. However, there are a myriad of supplemental plans that you’ll need to navigate in order to make sure your…

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Helping Clients Understand Medicare, Steinlage Insurance Agency

Open Enrollment vs. Annual Enrollment: What Does it Mean?

By Medicare, Medicare Advantage

It may seem lately that it’s impossible to turn on the television or listen to the radio without hearing something about Medicare open enrollment and annual enrollment. The worst part is that the terminology can be confusing. “Fall enrollment period,” “annual election period,” “annual enrollment,” “Medicare Advantage enrollment period,” “AEP,” and “OEP” are just a few of the terms that get tossed in the mix. There are two types of enrollment periods for Medicare: annual enrollment and open enrollment. Though they are sometimes called by different names, it all boils down to these two timeframes and what you can and cannot do during each. So what do they mean for you? Medicare Annual Enrollment (AEP) Annual enrollment, often referred to as AEP, takes place in fall, October 15 through December 7. This is the time when you can make changes to your Medicare plan to make it work better for…

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