If you’re about to turn 65, you may be wondering what happens next. While you’re still working, it’s time to take stock of your financial situation and decide whether or not you can continue living comfortably on your current income. Perhaps you still enjoy your work, so you might even decide to stay on. If so, you can take advantage of Medigap supplemental insurance policies, which are sold by private insurance companies and help fill in gaps in Medicare coverage. More inf0 – webnews21.com/6-important-things-to-learn-about-as-you-approach-65
How to Prepare For It
You don’t have to enroll in Medicare immediately when you reach 65, but it’s a good idea to compare costs. Medicare covers deductibles, copays, and coinsurance, so it’s worth comparing the two before you make your final decision. Many seniors rush to enroll in Medicare when they can, but there are some exceptions. If you have a group health plan with your employer, you don’t have to sign up for Medicare at all. But if you don’t have any health insurance, you’ll have to take advantage of Medicare Part A and B, which will be your primary coverage.
While most Americans start collecting their social security benefits at age 65, you can delay them for several years to get a bigger payout later. Just make sure you have other sources of income. Although approaching a milestone birthday is stressful, it is also an opportunity to reflect on your life and make it the best it can be. If you plan wisely, you’ll have enough money to live comfortably and enjoy life to the fullest. While there may be a few pitfalls, these are just some of them.