The Impact of COVID-19:  Unemployment and early Retirement for your clients

First: I am receiving calls from people that were planning to retire in 2021, but COVID is changing their plans. Or, they are suddenly laid off and are eligible for Medicare.

Our Point: The person retiring is overwhelmed on how Medicare works and it’s complicated parts. Combine that with the fact that their local Social Security offices are closed, these can be very stressful times.

Our advice: If your employment/employer sponsored insurance is impacted in any way, please call Medicare Man so that we can help you with the transition for your specific circumstance.

Medicare Man does NOT charge fees: The rates that you pay for your insurance are exactly the same. The insurance company that you select pays us a commission. Medicare Man provides you with FREE support for life.

Does Medicare cover all of my health care costs?

Medicare covers some of your health care bills, but not all. Depending on the plan you select, you may have to share in the costs by paying premiums, deductibles, copayments and coinsurance. The amount of some of these payments varies from year to year. Most people who qualify for Medicare do not pay a monthly premium for Part A, but pay premiums for Part B and Part D or a Medicare Advantage plan.

 


Medicare Man Update:

Under “normal circumstances” I attend 1-2 weekly networking events in the communities that I serve. Unfortunately, these events have been postponed in an attempt to keep everyone safe from Covid-19. Networking events provide an opportunity to meet professionals whose clients need help with Medicare planning. As a small business owner developing and maintaining relationships is critical since my business has been built on referrals.   A major blessing in disguise the past 6 weeks has been having the opportunity to spend more time talking on the phone or via Zoom with financial advisors, CPAs, and estate planning attorneys. I am grateful to always take away something of value from each conversation. By educating professionals in the process of Medicare planning they recognize just how confusing Medicare is to navigate. It’s my belief that education equals empowerment for everyone. If you or your clients find yourself in the dark when it comes to Medicare planning please remember that I am available year-round to help.

Steve Lujan

CA License # 0K39663

EMAIL: [email protected]

PHONE: 760 689 8125

 

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