: Medicare enrollment isn’t that complicated, according to this one author

by | Sep 13, 2022 | Stock Market

There are what feels like thousands of options when enrolling or changing coverage under Medicare, but it doesn’t have to be that overwhelming – at least that’s what one author says.  Getting the proper coverage is “just a series of decisions,” said Ari Parker, co-founder and lead adviser at Chapter, a company that specializes in maximizing Medicare coverage. Parker recently wrote a book, called “It’s Not That Complicated: The Three Medicare Decisions to Protect Your Health & Money” (published by Chapter), which lays out the ways to strategize coverage. 

Those decisions, which affect around hospital insurance, medical insurance and drug coverage, may be made at various stages of life – such as upon one’s 65th birthday, or thereafter if beneficiaries feel they don’t have the proper health insurance later in life. The wrong choices can cost patients thousands of dollars more every year, or keep them away from their preferred doctors and medical institutions. Parker also dives into reviewing coverage and reconfirming it every year during the annual enrollment period.  See: Medicare beneficiaries – here’s the help you’ll get from the Inflation Reduction Act in the new year, and in the future  There are independent and licensed advisers, such as the ones who work at Chapter, who can help beneficiaries make sense of the options available to them. There are also other resources as well, such as Medicare.gov, State Health Insurance Assistance Programs and the National Council on Aging’s BenefitsCheckUp.   Parker spoke with MarketWatch about making the right decisions for Medicare, the consequences of not analyzing your options and the upcoming annual enrollment period beginning on Oct. 15. This interview has been edited for clarity and length.  MarketWatch: What is the greatest myth or misconception about Medicare?  Ari Parker: There are so many, let me go through a few. The first is that Medicare is free. There’s a charge. It is not free and the charge is $170.10 (per month) for most Americans. [Editor …

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