SUMMARY:
In this episode of The Naked Wealth Podcast, host Jennifer Aube welcomes Medicare agent Michelle Bishop to break down the complexities of Medicare and debunk common misconceptions. Michelle shares her journey into the industry, driven by a passion for helping others navigate the healthcare system with clarity and integrity. They discuss important Medicare enrollment timelines, penalties, coverage options, and how to make informed decisions that align with your financial and health needs. Michelle also touches on her broader mission of service, stewardship, and the importance of meeting people where they are in their healthcare journey.

KEY INSIGHTS:

• Michelle’s Journey into Medicare: A family business led her to find her passion in educating and assisting people in making informed healthcare decisions.

• Common Medicare Misconceptions: Many confuse Medicare with Medicaid, believe eligibility is income-based, or are unaware of potential penalties for late enrollment.

• Enrollment Windows & Penalties: Medicare has a strict seven-month enrollment window around an individual’s 65th birthday. Delaying enrollment without creditable coverage can lead to lifelong penalties.

• Choosing the Right Coverage: Understanding the differences between Medicare Parts A, B, C, D, and F is crucial. The right choice depends on individual health needs, preferred doctors, and prescription drug coverage.

• Impact of Employer Coverage: Individuals with employer-sponsored insurance may delay Medicare enrollment, but cost comparisons are essential to making the best decision.

• Recent Medicare Changes: The Part B premium increased slightly in 2024, and the elimination of the 'donut hole' significantly reduced out-of-pocket costs for prescription drugs.

• The Importance of Trusted Guidance: Working with a knowledgeable Medicare agent ensures personalized, accurate advice, preventing costly mistakes.

• Michelle’s Approach to Service: Integrity and client well-being come first—helping clients make the best decisions rather than simply making a sale.

If you or a loved one is within five years of Medicare eligibility, don’t let the process overwhelm you. Reach out to Michelle Bishop via Facebook at Bishop Insurance or visit her website at BishopSure.com for expert guidance.

You can also contact Jennifer Aube’s office at 978-874-3253 to discuss your full retirement planning picture.

Take charge of your Medicare decisions with confidence and clarity!

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The opinions voiced in this show podcast are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision

Connect with Jennifer Aube Wealth Management:

W: https://www.jenniferaube.com

IG: https://www.instagram.com/jenniferwaube

PH#: (978)-874-3253

NAKED WEALTH BOOK: https://www.amazon.com/dp/0578376849