Medicare

Medicare is our country’s health insurance program for people age 65 or older. People younger than age 65 with certain disabilities can also qualify for Medicare. You should contact Social Security about three months before your 65th birthday to sign up for Medicare. You can sign up for Medicare even if you don’t plan to retire at age 65. The program helps with the cost of health care, but it doesn’t cover all medical expenses or the cost of most long-term care.

When you apply for Medicare, you can sign up for Part A (Hospital Insurance) and Part B (Medical Insurance). Because you must pay a premium for Part B coverage, you can turn it down. However, if you decide to enroll in Part B later on, you may have to pay a late enrollment penalty for as long as you have Part B coverage. Your monthly premium will go up 10 percent for each 12-month period you were eligible for Part B, but didn’t sign up for it, unless you qualify for a special enrollment period. While parts A and B cover the majority of your bills, they do not cover everything.

This is where we can help. Racey Insurance Agency is a licensed broker of Medicare Supplemental Insurance and can help you determine which supplemental insurance best fits your needs. For more information or to schedule an appointment, please contact Stewart Racey at 303-902-1446 or email at jstewart.racey@comcast.net.

2025 Open Enrollment

October 15, 2025-December 7, 2025

Medicare open enrollment – also known as the annual election period or annual coordinated election period – refers to the annual period during which Medicare plan enrollees can reevaluate their coverage — whether it’s Original Medicare with supplemental drug coverage, or Medicare Advantage — and make changes if they want to do so.

During Medicare open enrollment, a beneficiary can:

switch Medicare Advantage plans, switch from Medicare Advantage back to Original Medicare or vice versa,
join a Medicare Part D prescription drug plan,
switch from one Part D plan to another, or
drop Medicare Part D coverage entirely.

Long Term Care

Planning ahead for future long term care needs is a critical part of retirement planning. Many people have had first-hand experience with a loved one who needs long term care services. These experiences underscore the reality of the financial and emotional stress when a loved one needs long term care.

A long term care plan can protect your retirement assets. Plus it gives you peace of mind, knowing you can cover the cost of long term care if you need in the future. Long term care insurance also protects your family from having to be caregivers. And it enables you to choose where you’ll receive any care needed in later years.

For more information please contact Stewart at 303-902-1446 or email at jstewart.racey@comcast.net

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