10 articles tagged "Pitfalls & Penalties"

  • George, a Medicare agent at Renew, explains how missing a Medicare deadline could result in lifelong penalties.

    Medicare Minutes: Medicare Penalties

    Late fees?! On Medicare?! It’s true; they exist. And that’s why it is essential to be aware of the various enrollment deadlines for each part of Medicare. In this episode, our all-star Medicare agent, George, will explain each of the most common Medicare penalties, and even more importantly, how to avoid them. How to avoid …

    Watch Video
  • George, a Medicare agent at Renew, discusses Medicare's coordination of benefits system.

    Medicare Minutes: Should I Enroll in Medicare if I’m Still Working?

    Most people become eligible for Medicare when they turn 65. But does that mean you are required to sign up, even if you are still covered by an employer-provided health plan? In this episode of our Medicare Minutes series, we discuss the options individuals in this particular situation have. We hope this information will help …

    Watch Video
  • A stack of moving boxes for a Medicare enrollee who is changing ZIP codes.

    How moving could impact your Medicare coverage

    Many people choose to move at some point in their retirement years. Whether it’s to enjoy the financial freedom the comes from , or simply to get a change of scenery, there are lots of reasons to kick off this next phase of life in a new location. If you are planning to join the ranks …

    Read More
  • George, a Renew Medicare agent, discusses common myths and misconceptions about Medicare.

    Medicare Minutes: Medicare Mistakes, Myths, and Misconceptions

    George from Renew is back with another Medicare Minutes video! In this episode, we’re going to talk about 5 of the most common Medicare mistakes, myths, and misconceptions. Keeping these potential pitfalls on your radar can help you save valuable time, energy, and money. Make sure to share this video with any loved ones who …

    Watch Video
  • 5 of the most common Medicare mistakes

    It’s no secret that Medicare is not the most straightforward subject to master. There are a lot of complex rules and important deadlines to be aware of. We are here to give you some important tips on how to successfully navigate the Medicare system. If you’re approaching your 65th birthday or planning to change Medicare …

    Read More
  • Warning sign indicates Medicare pitfalls that should be avoided.

    8 common Medicare pitfalls

    If you’ve spent any time at all researching Medicare, you’ve probably deduced that it is not the most straightforward subject to master. There are a lot of complex rules and important deadlines to be aware of. Further frustrating is the fact that the leading resources all seem to provide contradictory advice for navigating the Medicare …

    Read More
  • Health Savings Accounts, or HSAs, must be carefully coordinated with your enrollment in Medicare.

    What are health savings accounts?

    Health Savings Accounts, or HSAs, are medical savings accounts that are available to people enrolled in high-deductible health plans (HDHPs). HSAs are considered tax advantaged because deposits made to these accounts are exempt from federal income tax. The funds in HSAs will also grow, tax-free, “rolling over” to accumulate year to year.  Perhaps the most …

    Read More
  • Circle of linked arms illustrates one's ability to coordinate employer-provided and Medicare benefits.

    Coordinating employer-provided and Medicare benefits

    Turning 65 doesn’t necessarily mean that Medicare is your only option for health coverage moving forward. In fact, health insurance can come from multiple sources. This includes COBRA, the Federal Employees Health Benefits Program, TRICARE, and perhaps most commonly, employer-provided health plans. If you will still be working after turning 65, you’ll have the opportunity …

    Read More
  • An airplane taking a Medicare Supplement enrollee abroad.

    Will my healthcare coverage follow me abroad?

    For many people, having the freedom and time to travel is one of the most exciting aspects of retirement. You may have been daydreaming about visiting Italy, Ireland, Indonesia, or Idaho  for years. It is less likely, however, that you’ve thought much about whether your healthcare coverage will follow you abroad. While will typically pay …

    Read More
  • Timer counting down to signify that missing a Medicare deadline could lead to expensive penalties.

    Penalties for delaying Medicare

    Signing up for Medicare when you turn 65 isn’t technically mandatory; however, there are significant penalties for delaying Medicare enrollment. Unless you had another form of coverage in the meantime, you could face permanent late enrollment penalties for Part B when you sign up later. It’s also important to note that, if you are over …

    Read More

Group Created with Sketch.
Not sure where to start?

Read our quick-start guide for help, including which questions you should be asking as you approach retirement.

Read our quick start guide