Look at your Medicare card – make sure you have coverage for both Part A (Hospital) & Part B (Services). Some people did not enroll in Medicare B when eligible and they will be penalized should hospital or nursing home care be needed.
Consider purchasing a supplemental insurance policy (Medi-Gap). This is a supplemental insurance policy for Medicare beneficiaries. This insurance fills in the “gaps” left by Medicare. The gaps are significant with high hospitalization deductibles and significant co-pays particularly in Nursing Home coverage.
Make sure your retirment supplemental insurance includes coverage for all Medicare co-pays including day 21 through 100 in a nursing home.
Do not cancel any health insurance until you have had an elder law attorney review the policy for you. And then think again before canceling it.
