One of the concerning and seemingly complex aspects of turning 65 for many people is the unknown out-of-pocket medical expenses that come with aging and Medicare. Marty Byrnes has been helping people navigate through this uncharted territory since his college days – he graduated from Drake in 1989 - when he worked for an insurance company that had a Medicare supplement. Marty helps clear up some misconceptions. Having a trusted advisor will free up your time to concentrate on enjoying a healthy lifestyle with friends and family long into your golden years.
Does Medicare automatically take effect when someone turns 65?
Medicare takes effect the first day of the month someone turns 65. A person can enroll three months prior to their 65th birthday and preplanning is important.
How do you make the process more comfortable?
People come to me with a sense of urgency. I try to calm them down and let them know everything will be okay. The personal interaction provides a comfort that people gravitate to. I have been through the (Medicare) process the whole way through. I know where it has been and where it is now, and I am not afraid of the future.
How do you help people find the best plan?
I educate people first and I am a resource. If someone needs a product, that’s great but there is no pressure. One size doesn’t fit all, and each person should have an individualized and customized plan that best fits their needs. We circle the wagons completely and know what the issues are and how to approach them.
What are some of the options when it comes to coverage?
There is original Medicare, Medicare Advantage, Medicare prescription drug programs and Medicare supplements.
Are dental, vision and hearing expenses always out of pocket?
Some Medicare Advantage plans do provide this coverage.
You have to have Medicare when you are 65, correct?
You are entitled to it, but you do have to enroll. However, you are responsible for enrolling in everything else, including Part B (medical insurance), Part D (drugs) and any additional supplemental insurance plan. Enrollment can be delayed and there can be advantages to that. Some people have other coverage through their employer or their spouse’s employer. In that instance, they may not enroll in Medicare because they have other coverage. Make sure that the other coverage is creditable coverage, otherwise, they may end up with a penalty at a later date when they do enroll in Medicare.
What do you offer in addition to education?
I am not tied to one insurance company, so a truly customized plan is easier to put together.
Disclaimer: Martin Byrnes is not connected to the Federal Medicare program.