Do I Need to Sign up for Medicare If I Am Working Even at 65?

Medicare for Old People
Medicare

By the time most senior citizens clock 65, they are usually unemployed. For this reason, many of them push to sign up for Medicare the moment they become eligible. However, if you are 65 years old and still employed, you are also eligible for this health insurance plan. Whether you should take advantage of it is another matter. In this article, we will examine this. By the end, you will have all the facts required to make an informed decision.

Medicare Part A

There are two major Medicare health plans: Medicare Part A and Medicare Part B. Medicare Part A is premium-free. It covers in-patient hospital charges and other things.

To become eligible for Medicare Part A, you should have worked for approximately 10 years by the time you are 65. We advise you to enroll in this plan even if your employer provides a low-cost insurance plan. This is because Medicare Part A covers certain things that employers sometimes do not.

Medicare Part A has a number of peculiarities. They include:

If your employer has employed 20 or more people

The chances are that your employer provides you with a group health plan. If this is the case, you don’t have to sign up for Medicare Part A, especially if it will put a strain on your finances. However, remember that this health plan is premium-free.

If your employer has employed less than 20 people

In this situation, you should sign up for Medicare Part A as it will be your primary insurance. That is, Medicare is the first plan that will be called on when you need to pay a healthcare bill. It is only after this that your employer’s plan will kick in and account for the rest.

If you save to a Health Savings Account (HSA)

If you want to continue saving in your HSA, you should delay enrolling in Medicare. This is because HSA contributors aren’t allowed to sign up for Medicare. Furthermore, stop making HSA contributions at least six months before you enroll for Medicare.

Medicare Part B

Unlike Medicare Part A, Medicare Part B requires a premium. This plan covers doctor visits and other outpatient services. If you are a working 65-year-old with employer health coverage, you should delay enrolling for Medicare Part B.

Similar to Medicare Part A, this plan has its own peculiarities, including:

If your employer has employed 20 or more people

You don’t have to enroll at age 65. In fact, you can delay signing up until you stop working or lose your employer coverage.

 If your employer has employed less than 20 people

You must enroll in this insurance plan as it will be your primary insurance.

If you save to a Health Savings Account (HSA)

You can’t continue saving to your HSA if you want to enroll in Medicare Part B. If you intend to sign up for it, stop saving into your HSA six months before.

Note: As a working 65-year-old, it is not crucial to sign up for Medicare, whether Part A or Part B. However, you should sign up for the plan within eight months of stopping work or losing your employer coverage. If you don’t do this, you might have to pay the penalty.

Finally, Medicare rules and processes can be complex. To avoid making mistakes and omissions that could cost you, consult with Medicare and your employer’s coverage administrator.

If you want to know more about this and other types of personal insurance, contact us at Miller Carlisle Insurance Services today!

Do Drivers with Health Insurance Need Uninsured Motorist Coverage?

Do drivers need both types of coverage to be protected?smashed car with airbags

No one wants to pay more for auto insurance than they have to.  This is why many drivers look to save money by cutting down on coverage.  For instance, many drivers don’t want to pay for uninsured motorist coverage, assuming that their health insurance will be enough.  Unfortunately, this isn’t the case.  Here’s why drivers can’t afford to skip out on uninsured motorist protection.

  • What is Uninsured Motorist Coverage?

If you get into an accident with an uninsured individual, they will not have coverage for your injuries or vehicle repairs.  Additionally, most uninsured motorists do not typically have assets, meaning that the driver probably won’t be able to cover your accident recovery costs out of pocket.  This is where uninsured motorist coverage kicks in.  This form of insurance will provide coverage for things like your car repairs, medical treatment, and so on.

  • Why This Coverage is Important

If you already have collision and health insurance, then you may feel like uninsured motorist coverage is unnecessary. However, it’s important to understand that this coverage extends further than your existing policies.  Specifically, uninsured motorist coverage offers more benefits that your health insurance.  For instance, your health plan will only cover the cost of your medical treatment.  However, what happens if you can’t work due to your injuries, or if you are suffering mental and emotional trauma following the accident?  With uninsured motorist coverage, you will have coverage for your medical treatment, rehabilitation, lost wages, and reparation for your pain and suffering.  With these extended benefits, it’s easy to see why it’s worth it to carry uninsured motorist coverage.

This is why drivers need the protection offered by uninsured motorist coverage.  Do you have more questions about your auto insurance?  If so, then contact the experts at Miller Carlisle Insurance Services.  Our dedicated team is eager to assist you with all your coverage needs today.

Health Insurance Terms That You Should Know

Health insurance terminology that everyone should know.Health Insurance Terms That You Should Know

For the average person, engaging with the health insurance market can be a challenging experience.  To make matters worse, there are many confusing terms that make managing your health coverage even more confusing.  To help you understand your health coverage, here are the definitions of some of the most important health insurance terms.

  1. PPO– Preferred Provider Organization; refers to a health plan that encourages you to use a network of doctors and hospitals for your healthcare services. Seeing medical professionals outside of your network will result in higher out-of-pocket payments.
  2. HMO– Health Maintenance Organization; these plans have their own network of doctors, hospitals, and other healthcare providers. HMOs offer coverage for lower premiums but limit your choices as they will not cover any out-of-network care.
  3. Indemnity– health plans that allow you to direct your own healthcare and choose the doctors and hospitals that you want. The plan will cover a predetermined percentage of your total health care costs
  4. Copayment– flat dollar amount that you will pay your health care provider for a covered service. For instance, you could have a copayment of $30 for every visit to your primary care doctor and a $10 payment for every prescription filled.
  5. Coinsurance– the percentage of charges for covered services that you are required to pay. For instance, your insurance may cover 80% of the costs associated with a hospital stay, leaving you responsible for paying the remaining 20%.

These are some of the health insurance terms that you should know.  Do you have further questions regarding your health coverage needs?  If so, then contact the experts at Miller Carlisle Insurance Services.  We are ready to assist you with all your personal insurance needs today.

Insurance That College Students Need

Here are some of the coverages that your college student should have in place.Insurance That College Students Need

Is your child heading off to college this fall? If so, it’s important that they are ready to handle everything that comes their way. One of the best ways to ensure that they are prepared is by securing the right insurance coverage to meet their needs. Here are some of the coverages that your student might need this semester.

  • Renters Insurance

Whether your child is living on or off-campus, they will need protection for their personal belongings. Getting the right renters insurance will ensure that they have coverage for any possessions that are damaged or stolen. Additionally, securing the right renters policy will also ensure that they are covered in the event that a personal liability issue arises.

  • Auto Insurance

If your student plans on taking a car with them to campus, they will need to have the right auto insurance protections in place. If your child’s school is in-state, they will likely have coverage under your family’s existing auto policy. However, if they are attending school out-of-state or if they meet certain conditions, they may need their own policy. Be sure to speak to your auto insurance provider to learn about all their coverage options.

  • Health Insurance

Nowadays, colleges require students to have some minimum level of health insurance. Generally, schools offer students the option of enrolling in a school health program or showing proof of coverage under a parent’s policy. If you want to keep your child under your health policy, make sure you speak to your insurer and your child’s school to ensure that they will have adequate coverage.

These are some of the insurance protections that your college student should have in place.  Looking for assistance with your personal coverage needs?  Then contact the experts at Miller Carlisle Insurance Services today.

Add These Foods to Your Diet to Lower Your Blood Pressure

Eating these foods can help you lower your blood pressure.Add These Foods to Your Diet to Lower Your Blood Pressure

Did you know that May is National Stroke Awareness and National High Blood Pressure Education Month? In honor of this month, you should make a conscious effort to control your blood pressure. Want to take care of your health, but not sure where to start? Try incorporating these foods into your diet to help you lower your blood pressure naturally.

Leafy Greens

Leafy greens such as romaine lettuce, arugula, kale, turnip greens, collard greens, spinach, and so on are a great source of potassium. As potassium helps the kidneys eliminate sodium from the body, a diet rich in these types of veggies can help you reduce your blood pressure levels.

Berries

Berries, particularly blueberries, are rich in natural compounds called flavonoids. Research has linked the consumption of flavonoids to a reduction in blood pressure levels. Luckily, incorporating more blueberries, raspberries, and strawberries into your diet is a sweet way to help you stay healthy.

Beets

Beets are rich in nitric oxide, a compound that can help widen your blood vessels and lower your blood pressure. Additionally, research has shown that the nitrates found in beet juice helped reduce blood pressure in a span of just 24-hours.

Low-Fat Dairy

Low-fat dairy is an excellent source of calcium, which plays a significant role in the reduction of your blood pressure. Studies have shown that people who have diets rich with skim milk and low-fat yogurt experienced a 20% reduction in their risk for developing high blood pressure.

This May, work these foods into your diet to help you better manage your blood pressure.  Want another way to take care of your health this month?  Then make sure you have the proper health insurance to address all your needs.  To find the right policies for you, contact the experts at Miller Carlisle Insurance Services.  We are ready to assist you with all your coverage needs.

Observe American Heart Month

Try out these suggestions to celebrate American Heart Month.Observe American Heart Month

February marks the start of American Heart Month, a campaign that asks Americans to take a more vested interest in their heart health.  As cardiovascular disease remains the number one cause of death in the United States, it’s more important than ever to make healthy changes for the benefit of your heart.  This February, take better care of your health by trying out these suggestions.

See Your Doctor

This February, you should schedule an appointment with your doctor.  Ask them to run all the necessary tests to help them get a clear understanding of your overall health.  After the examination, work together to create a long-term health plan.  Make sure you ask any questions that you might have; you should understand all the reasoning behind your doctor’s recommendations.

Break Bad Habits

If you are a smoker, you are putting your heart in danger every time you light up a cigarette.  Additionally, if you drink regularly, you should be aware that excessive consumption of alcohol can also cause your heart health to deteriorate.  This month, make an effort to break these bad habits for the sake of your heart.

Maintain a Healthy Diet and Exercise Regimen

Finally, you should also do your best to make healthy lifestyle changes this month.  To start, you should avoid consuming fatty, cholesterol-heavy foods.  Instead, try to incorporate heart healthy foods such as fish, nuts, oats, and fresh produce into your diet.  You should also be making an effort to exercise regularly.  Getting at least 30 minutes of aerobic activity a day should be enough to keep your heart healthy and strong.

Try out these suggestions to take better care of your heart this February.  Want another way to make your health a priority?  Make sure you have the right health insurance coverage to meet all your needs.  To find the right policies for you, contact the experts at Miller Carlisle Insurance Services.  Located in Carlisle, Pennsylvania, our dedicated team is ready to get you covered today.

The Business Traveler’s Guide to Travel Insurance

The Business Traveler's Guide to Travel InsuranceIf you spend the majority of your time inside of a plane cabin, then travel insurance is something you should definitely look into. 

Do you spend the majority of your time suspended 30,000 feet in the upper troposphere–the altitude in the atmosphere in which commercial airplanes tend to fly? Do you see the inside of a plane cabin more than you do the inside of your own room? If so, travel insurance is something you should not consider optional. It is something that is crucial to you and could save you money and your life. Here are a few things you should consider when you purchase your travel insurance policy.

  1. Health insurance policies are not created equal. 
    Your employer may provide health insurance, and as long as you remain in the country that’s fine. But what if you travel to a foreign country? The general health insurance policy becomes void when you go outside of the country. Travel insurance can cover medical injuries and property damage outside of the U.S.
  2. You shouldn’t try to fool your insurance company.
    If you use a car primarily for business purposes, your insurance will not cover you if you get into an accident while using it for business. In other words, if you use it for personal reasons like driving to the store, school, or pizza, personal auto insurance will provide you with coverage. If, on the other hand, you are traveling to a business meeting or delivering your product, you need commercial auto insurance.

Travel, by its very nature, is something that requires precaution! Make sure you are not caught off guard with the right insurance policy that provides coverage for all of your needs. For your all-encompassing insurance in Carlisle, Pennsylvania, contact Miller Insurance Associates today!