Originally Posted by The Rabbi
In Florida I get calls for health insurance for over 65 without Medicare. Other than a discount plan, anyone have any ideas? Their children bring them here to retire.
Let me back up a bit here. In the event (I assumed it was rare... perhaps more often than I realize) someone does not sign up for "Medicare" more than 3 months beyond their 65th birthmonth, they must wait until the General Enrollment Period, which is Jan1 to Mar31. Their coverage then begins Jul1 of that year.
It is hard to believe that in this day and age of communication that there would be many who did not get at least one of the letters from the SSA around their 65th, reminding them to sign up. Most people sign up for Soc Sec retirement benefits at 62... and they are automatically enrolled at 65. For those who wait until 65 to draw their retirement, SSA sends them many, many letters. Then there are the Medicare Insurance carriers and agents that can't resist spending money on direct mailers..... arg-g-g-g-h!
BUT, I just had a lady call me yesterday wanting to sign up for part B, and she is 67. This is the case because she just retired, and delayed her B at 65. If this is the scenario RABBI is speaking of, then you have a good market opportunity!!
Be precise when you say "Medicare"... it has 4 parts. Everyone who works 40 quarters (and pays their taxes) is entitled to Hospitalization, because they have been contributing to the HI Trust Fund all that time. Part A is "Medicare", so is Part B, Part D, etc.