A Rate Reduction and a Donut Hole - Senior Fun?

By
Real Estate Agent with The Nines Team at Keller Williams in Lodi BRE# 01390564

 

A Rate Reduction and a Donut Hole – Senior Fun?

Changes in Medicare for 2012 could be called “major” or “dramatic” or indeed, even both.  They could also be called “complicated” or “confusing!”

Folks currently enrolled in Medicare need to be aware that plan changes that may be elected during “open Senior real estate in Lodi Califonriaenrollment” are already on a fast-track.  The open enrollment period opened earlier this year (October 15) and will close earlier as well (December 7.)  Elected changes will take effect on January 1, 2012 (with some select changes can be elected as late as February 14.)  Starting on December 8 – you can switch to a Medicare Advantage Plan with five-star rating!  AND … there is more!

As indicated earlier … major, dramatic, complicated and confusing!  BUT… they can be costly if no elections are made and even costlier is the wrong choice is made.  You can find some answers at the Medicare website (click here) OR call 1-800-Medicare and ask for a copy of Medicare and You, 2012.” 

If you are a Medicare participant, please don’t hesitate to get information NOW.  Then share that information with someone you know and trust and see if you can sort out what works best for you!  If you are a real estate professional with a senior clients in your practice, please consider getting this information to your clients as soon as possible.

Finally about the “reduction” … new participants qualifying in 2009, 2010 and 2011 will see premiums for Part B – reduce from $115.40 per month to $99.90!  As for the donut hole … that’s the “gap” in coverage in most Medicare drug plans between payments of $2,930 to $4,700!  JUST ANOTHER reason to call that Medicare number!

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Re-Blogged 2 times:

Re-Blogged By Re-Blogged At
  1. Suzanne McLaughlin 11/21/2011 09:33 AM
  2. Don Sabinske 11/21/2011 10:29 AM
Topic:
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Seniors Issues
CALIFORNIA DREAMING
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living in lodi living in stockton living in san joaquin county senior issues in lodi senior issues in stockton medicare coverage

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Ambassador
2,287,201
1~Judi Barrett
Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

Jack, not dealing with Medicare yet.. but trying to pay attention for later..  Thanks for posting.  

Nov 09, 2011 11:03 PM #9
Rainer
321,498
Jack Mossman - The Nines Team at Keller Williams in Lodi
The Nines Team at Keller Williams in Lodi - Lodi, CA
The Nines Team in Lodi

Judi - If you start early, you may have it figured out by the time you get there .... for adequate preparation, it should be a required classes for high school seniors (LOL)....

Nov 10, 2011 06:20 AM #10
Ambassador
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Suzanne McLaughlin
Sabinske & Associates, Inc. (Albertville, St. Michael) - Saint Michael, MN
Sabinske & Associates, Realtor

Jack, thanks for the great information for my sphere.  I suggested it and reblogged it.

Nov 21, 2011 09:35 AM #12
Rainmaker
522,122
Mike Carlier
Lakeville, MN
More opinions than you want to hear about.

Jack, this post is of interest to me because I play cards with someone on Medicare, well actually I play solitare with him.  The supplemental coverage documentation kills more trees than the top five lumber companies.  I enrolled in a supplement a couple months ago, and received close to a thousand pages of stuff that explains everything I never knew, and half or more of what I will never need to know.  The supplemental plan coverage changes were outlined in a concise 119 page summary of changes, complete with a three page cover letter. 

Nov 21, 2011 10:07 AM #13
Rainmaker
637,761
Don Sabinske
Don Sabinske, Sabinske & Associates Inc. - Zimmerman, MN
Sabinske & Associates Inc.

Jack, I will reblog this tnoight.  I have clients that will find this very interesting.  And, I really enjoyed Mike's comment above.  

Nov 21, 2011 10:27 AM #14
Rainer
321,498
Jack Mossman - The Nines Team at Keller Williams in Lodi
The Nines Team at Keller Williams in Lodi - Lodi, CA
The Nines Team in Lodi

Richard - Sorry for the late response ... but I always appreciate your comments and encouragement.

Suzanne - Thanks for re-blogging ... the information is important and as Mike (13) rightly points out, Medicare comes with instructions ... measured by the pound!

Mike - I know your card partner ... seems we share a game in common!  Your comments reflect the best way to build commerce ... just publish government information manuals about government programs!

Don - Thanks for considering a re-blog ... the more folks that see it the better the change they'll have an opportunity to make a choice!

Nov 21, 2011 04:12 PM #15
Ambassador
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1~Judi Barrett
Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

How nice that you've passed on this pertinent information.  Great job.

Jun 26, 2012 11:09 AM #16
Rainmaker
1,079,273
Sharon Alters
Coldwell Banker Vanguard Realty - 904-673-2308 - Fleming Island, FL
Realtor - Homes for Sale Fleming Island FL

Jack, thanks for posting this. I did not know about this and we have many family members who need to be on top of this.

Sharon

Aug 02, 2012 10:54 AM #17
Ambassador
2,287,201
1~Judi Barrett
Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

It's all very very confusing to me and I can't figure it out...

Sep 02, 2012 01:35 PM #18
Rainmaker
1,181,061
Curtis Van Carter
Better Homes & Gardens Wine Country Group - Yountville, CA
Your Napa Valley Broker Extraordinaire

Jack

Every time I read something about Obama care, it is always a warning about some change it causes. thanks for pointing this out even though I went on it a couple of years ago. cheers cvc

Aug 30, 2014 04:52 AM #19
Rainmaker
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Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

I want to ride my bike, listen to queen's song now... (ring ring ring ring)

Aug 31, 2014 10:28 PM #20
Rainmaker
5,310,285
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

I was looking for your current blogs. I hope all is going well for you and that you will soon be blogging again.

Sep 01, 2014 04:04 AM #21
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Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

OK, Jack!  Time to write another post!  And, by the way, I did a switch to Aetna's Medigap, and I'm dancing on new knees.  I really got wonderful care at two world class facilities. 

Sep 01, 2014 05:15 AM #22
Ambassador
2,287,201
1~Judi Barrett
Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

Jack,

Just keep popping back in to check on you!

Sep 03, 2014 12:32 PM #23
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Margaret Woda
Long & Foster Real Estate, Inc. - Crofton, MD
Maryland Real Estate & Military Relocation

Great information that I might have overlooked, since we opted for a health care option for military retirees that doesn't include Medicare. Fortunately, we were grandfathered in when they discontinued offering it to anyone Medicare age. I'll have to re-read your info so I'm better informed on this topic.

Sep 04, 2014 02:36 AM #24
Rainmaker
925,699
Ron Marshall
Marshall Enterprises - Saint Michael, MN
Birdhouse Builder Extraordinaire

I have questions about Medicare, and I am not even eligible yet.  Sooon, though, soon!

Sep 04, 2014 04:28 AM #25
Rainmaker
2,100,574
Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
New Hampshire Home Stager

Ok, write a new post already!  LOL!  Your title got my attention!

Sep 05, 2014 11:21 AM #26
Rainmaker
1,980,186
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

This can be so confusing but you simplied it into a language anyone can understand!!!

Nov 09, 2014 07:31 PM #27
Ambassador
2,287,201
1~Judi Barrett
Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

Jack,

it's all rather confusing to me.. 

Hoping to see more of your writing.

Nov 15, 2014 10:01 AM #28
Rainmaker
5,310,285
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

I am still watching for your current blogs.

Feb 04, 2015 12:05 AM #29
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