Roughly 3.65 million Americans will turn 65 this year and become eligible for Medicare. But be warned: There’s nothing simple about signing up for the government’s health-care insurance program.
There are, on average, 20 Medicare Advantage plans, depending on which state you live in, and 35 prescription-drug plans available to you. Add a dozen supplemental plans and, of course, original Medicare. It’s not like on your job, where your employer narrows the choices for you.
“As you approach 65 you definitely need to take advantage of your Medicare entitlement but you need to understand your options, what additional or supplemental coverage you might want with a drug plan or Medicare Advantage plan,” says Ms. Muschler.
Read about this in the Wall Street Juranal article on January 26, 2014 by Jennifer Waters
