65! Now What?

Author

AAA Medicaid Consulting

For more information about the author, click to view their website: AAA Medicaid Consulting

Posted on

Mar 19, 2025

Book/Edition

Colorado - Southern Colorado

share-this
Share This

It is the wish of all who enter the workforce to retire one day. Most of us do retire but at different ages depending on many factors. Some want to work for as long as possible and in some cases forget to review the benefits only available after the age of 65. It is here where mistakes are made if you do not do any research.

The earliest you can draw Social Security benefits is 62. If you are unable to work and are disabled prior to age 62 the Social Security Administration provides benefits that can support, you until retirement. Most people are required to apply for Medicare at 65 or after 24 months of Social Security disability with the exception of those with other creditable coverage. The reason for this is that the Federal Government and the State Government share the load for healthcare and support for those retiring or disabled. If you do not become aware of these guidelines you could risk being penalized. This is usually a monetary penalty applied to your premiums once you finally get your benefits in place. Get the information you need today! Call us for an appointment.

 

 

Editor’s Note: This article was submitted by Jennifer L Erickson with AAA Medicaid Consulting. She may be reached at 719 459 2519.

Other Articles You May Like

Why Geriatric Care Management Matters in Southern Colorado

Southern Colorado is home to a diverse senior population, spread across both urban centers and rural communities. Access to specialized healthcare can vary, making navigation of services even more critical. A Geriatric Care Manager brings local expertise and a network of resources that can be especially valuable in this region.Whether youre in Pueblo, Trinidad, La Junta, or other Southern Colorado communities, a GCM can bridge the gap between family caregivers and the complex world of senior care. When to Hire a Geriatric Care ManagerHere are a few scenarios where hiring a Geriatric Care Manager may be especially helpful:Your loved one is showing signs of memory loss, and youre unsure of the next steps.You live out of town and want someone local to oversee care and advocate for your family member.Youre overwhelmed with managing appointments, medications, and home care.Your family is struggling to agree on care decisions.You need support transitioning your loved one into a senior living community or skilled nursing facility.If any of this sound familiar, it may be time to consult with a GCM. How to Find a Geriatric Care Manager in Southern ColoradoFinding the right Geriatric Care Manager involves looking for professionals with experience, credentials, and a compassionate approach. Look for individuals affiliated with professional organizations like the Aging Life Care Association (ALCA), and always ask about their familiarity with resources in Southern Colorado.To explore local options and support services, start with these helpful resources:View Senior Resources in Southern Colorado Find Geriatric Care Management Services in Southern Colorado Final ThoughtsAging is a journey, and no one should navigate it alone. Whether you're managing complex health issues or planning ahead for the future, a Geriatric Care Manager can provide the guidance and relief your family needs.In Southern Colorado, where access to senior care may vary by location, working with a professional who understands the local landscape can make all the difference. For more local resources and trusted senior service providers, visit our Southern Colorado directory today.

Long Term Care Insurance in Southern Colorado: What Seniors and Families Should Know

Planning for the future can be both empowering and overwhelming, especially when it comes to the cost of long-term care. In Southern Colorado, more families are exploring long term care insurance as a proactive way to protect their finances and ensure access to quality care later in life.Whether you're helping a loved one understand their options or planning ahead for your own future, this guide will walk you through the essentials of long-term care insurancewhat it is, why it matters, and how to find the right resources right here in Southern Colorado. What Is Long Term Care Insurance?Long term care insurance is a type of coverage designed to help pay for services that assist with daily living taskssuch as bathing, dressing, or eatingwhen age, illness, or disability makes it difficult to manage independently.Unlike traditional health insurance or Medicare, long term care insurance typically covers extended care provided in:Assisted living communitiesSkilled nursing facilitiesAdult day care centersMemory care programsIn-home care settingsThe purpose of long-term care insurance is to reduce the financial burden of extended care and provide more choices when it comes to where and how care is received. Why Long-Term Care Insurance Matters in Southern ColoradoSouthern Colorado is home to a growing senior population, and with that comes increased demand for long-term care services. As the cost of care continues to rise, especially in areas like Pueblo, Trinidad, and surrounding communities, having a long term care insurance plan can offer financial security and peace of mind.Key reasons to consider long term care insurance include:Protecting retirement savings and assetsAvoiding dependence on family caregiversHaving more flexibility in choosing care settingsReducing out-of-pocket expenses for extended careBeing proactive today could mean more control and comfort in the future. Understanding Your Options: Local ConsiderationsIn Southern Colorado, the availability of care options is broad, ranging from small-town providers to larger medical centers. However, accessing long-term care services can come with waitlists or high out-of-pocket costsespecially without a solid insurance plan.Before purchasing a policy, its important to evaluate:Your health history and agePremium costs and policy limitationsElimination periods (waiting time before coverage begins)Daily or monthly benefit amountsLength of benefit period (how long it will pay out)You may also want to explore hybrid policies that combine life insurance with long-term care benefits. How to Get Started in Southern ColoradoWhile long term care insurance is sold by private companies, understanding your choices doesnt have to be overwhelming. Begin by speaking with a licensed insurance professional who specializes in senior care planning and understands the unique needs of Southern Colorado residents.Also, explore local organizations and directories that offer resources and education to help you make informed decisions:Browse Senior Resources in Southern Colorado Explore Long Term Care Planning Services in Southern ColoradoThese tools can help you find reputable professionals and services that align with your needs and budget. Final Thoughts: Planning with ConfidenceLong term care insurance isn't just about financesit's about independence, dignity, and ensuring your future care aligns with your values. In a diverse and growing region like Southern Colorado, planning ahead gives you the freedom to make choices on your terms. If you're starting your journey toward long-term care planning, let Seniors Blue Book be your guide. Our platform is a trusted, neutral resource to help you explore local options, connect with experts, and feel confident in your next steps.

Medicare Planning in Southern Colorado: What Seniors Need to Know

Navigating Medicare can be confusingespecially for older adults approaching retirement or already managing ongoing healthcare needs. Thats why Medicare planning is essential. If you live in Southern Colorado, understanding your options and planning ahead can make a significant difference in your access to care, financial stability, and peace of mind.In this blog, well cover what Medicare planning involves, how to get started, and where to find helpful, unbiased resources right here in Southern Colorado. Why Medicare Planning MattersMedicare planning isnt just about enrolling in a health insurance programits about making informed choices that affect your long-term health and finances. The decisions you make when enrolling in Medicare can impact:What doctors and specialists you can seeWhat medications are coveredOut-of-pocket healthcare costsCoverage for long-term care or specialty servicesBy taking time to understand the available options, comparing plans, and getting support when needed, seniors can avoid unexpected costs and ensure their needs are fully covered. Medicare Basics: What You Should KnowMedicare is a federal health insurance program primarily for people aged 65 and older. There are four main parts:Part A Hospital insurance (inpatient care, skilled nursing, hospice)Part B Medical insurance (doctor visits, outpatient care)Part C Medicare Advantage Plans (offered by private companies)Part D Prescription drug coverageSome seniors also choose to add Medigap (Medicare Supplement Insurance) to help cover costs not included in Parts A and B.Understanding these components is critical to choosing the right coverage for your specific health and budget needs. Southern Colorado Medicare Planning: Local ConsiderationsSouthern Colorado is home to a large and growing senior population, and with that comes access to a range of local Medicare resources. From Pueblo to Trinidad, seniors can find support from community organizations, nonprofits, and healthcare advisors.Here are key steps to planning your Medicare in this region:1. Know Your Enrollment WindowsMedicare has specific enrollment periods that can affect your eligibility and penalties. These include:Initial Enrollment Period (IEP)Annual Enrollment Period (AEP)Special Enrollment Periods (SEP)Missing a window could lead to delays or extra costs, so its important to plan ahead.2. Compare Plans Available in Southern ColoradoCoverage options can vary depending on your zip code. That means the plans available in Southern Colorado may be different from those in Denver or Northern Colorado. Comparing local plans ensures youre choosing one that includes nearby hospitals, specialists, and pharmacies.3. Use Local ResourcesThere are many neutral, helpful organizations in Southern Colorado that offer Medicare planning assistance. These include:State Health Insurance Assistance Programs (SHIP)Local senior centersMedicare-focused educational eventsYou can also start your search here: Explore Senior Resources in Southern Colorado Find Medicare Planning Support in Southern Colorado Avoid Common Medicare MistakesEven with the best intentions, many seniors fall into common Medicare traps such as:Assuming Original Medicare covers everythingNot reviewing plan changes annuallyOverlooking prescription drug coverageMissing enrollment deadlinesWith the right planning, you can sidestep these mistakes and ensure your healthcare is both accessible and affordable. Final Thoughts: Make Medicare Work for YouMedicare planning in Southern Colorado doesnt have to be stressful. With the right knowledge and local support, you can take control of your healthcare future and make confident, informed decisions. Seniors Blue Book is proud to be a trusted, unbiased source for seniors and families. Whether youre just starting to explore Medicare or reviewing your coverage, were here to help you find the information and resources you need.

Local Services By This Author

AAA Medicaid Consulting

Mortgage Lender 1255 Lake Plaza Drive, Colorado Springs, Colorado, 80906

Medicaid doesn't have to be confusing. We can help provide innovative solutions for your individual situation. With a background in long term care facility insurance processing, we have a wide range of resources. We provide assistance with application, redetermination, Income Trusts, trouble shooting concerns about Medicaid, Medicaid Real Estate. Our initial consultation is free and we are happy to help every step of the way to find your best solution.AAA Medicaid Consulting, LLC is dedicated to improving the standards of relaying important financial information to those entering into the Medicaid system and assisting in the application process. It is our goal to provide assistance so that the necessary protocols when applying for Medicaid are completed in a timely manner.

AAA Medicaid Consulting

Long Term Care Planning 1255 Lake Plaza Drive, Colorado Springs, Colorado, 80906

Navigating the complexities of Medicaid for long-term care services can be overwhelming. With ever-changing policies, extensive paperwork, and financial eligibility requirements, understanding how to apply for and maintain Medicaid coverage can feel daunting. AAA Medicaid Consulting is here to simplify the process and provide expert assistance tailored to your unique situation.Understanding Medicaid for Long-Term CareMedicaid is a crucial resource for individuals who require long-term care services but lack the financial means to cover the costs. It provides coverage for nursing home care, assisted living, and in some cases, home-based services. However, qualifying for Medicaid requires meeting strict income and asset limits, which can be challenging to navigate without professional guidance.At AAA Medicaid Consulting, we specialize in helping individuals and families successfully apply for Medicaid, ensuring they receive the long-term care benefits they need. Our services include:Medicaid Application AssistanceRedetermination SupportIncome Trust SetupMedicaid Real Estate PlanningTroubleshooting Medicaid IssuesStep-by-Step Medicaid Application AssistanceApplying for Medicaid can be a lengthy process with numerous requirements. Heres how AAA Medicaid Consulting can guide you through each step:Step 1: Initial Consultation and Eligibility AssessmentBefore applying for Medicaid, its essential to determine whether you meet the financial and medical eligibility criteria. During our free initial consultation, we:Evaluate your income and assets.Review your medical care needs.Identify potential challenges that may arise in the application process.If adjustments are needed to meet Medicaids financial requirements, we provide strategic solutions, including setting up an Income Trust or advising on Medicaid-compliant real estate planning.Step 2: Gathering and Organizing DocumentationA Medicaid application requires extensive documentation, including:Proof of income (Social Security, pensions, annuities, etc.).Bank statements and financial records.Property deeds, vehicle titles, and asset information.Medical records and long-term care facility agreements.AAA Medicaid Consulting ensures that all necessary paperwork is gathered and organized properly to prevent application delays or denials.Step 3: Completing and Submitting the Medicaid ApplicationFilling out a Medicaid application incorrectly can lead to unnecessary delays or denials. We help:Accurately complete all required forms.Submit documentation to the appropriate Medicaid office.Follow up on application status and respond to additional information requests.Our goal is to ensure your application is processed as smoothly and quickly as possible.Step 4: Addressing Medicaid Eligibility ChallengesMany applicants face complications due to income or asset levels. AAA Medicaid Consulting provides solutions such as:Establishing Qualified Income Trusts (Miller Trusts) for individuals exceeding Medicaid income limits.Advising on Medicaid-compliant spend-down strategies.Handling Medicaid real estate concerns, including the sale or transfer of property in compliance with Medicaid regulations.We are committed to finding innovative solutions that align with Medicaid guidelines while protecting your financial interests.Redetermination and Ongoing Medicaid SupportOnce approved, Medicaid requires periodic redetermination to ensure continued eligibility. This process involves submitting updated financial and medical information. AAA Medicaid Consulting offers:Redetermination support, ensuring timely and accurate submissions.Troubleshooting Medicaid issues, such as coverage interruptions or unexpected denials.We work proactively to ensure that you or your loved one maintains Medicaid benefits without interruption.Medicaid Real Estate & Asset PlanningMedicaid has strict rules regarding homeownership and asset transfers. If not handled properly, owning real estate can affect eligibility. AAA Medicaid Consulting provides expert guidance on:Protecting your home while qualifying for Medicaid.Transferring or selling property in compliance with Medicaid regulations.Navigating Medicaid estate recovery rules.By working with us, you can avoid costly mistakes and ensure that your assets are managed in a way that supports your long-term care needs.Why Choose AAA Medicaid Consulting? Expert Knowledge of Medicaid RegulationsWith a background in long-term care facility insurance processing and Medicaid policy, we provide accurate, up-to-date guidance. Personalized, Compassionate ServiceWe understand that Medicaid planning can be stressful. Our team provides one-on-one support, ensuring that each client receives tailored solutions.From application assistance to troubleshooting Medicaid issues, we offer end-to-end support throughout the entire Medicaid process.We offer a no-cost consultation to assess your situation and explore the best Medicaid planning options for you or your loved one.Medicaid doesnt have to be confusing. With AAA Medicaid Consulting by your side, you can navigate the Medicaid process with confidence. Whether you need help with a Medicaid application, redetermination, income trust setup, or Medicaid real estate planning, were here to provide expert solutions every step of the way.

AAA Medicaid Consulting

Medicare/Medicaid/Insurance 1255 Lake Plaza Drive, Colorado Springs, Colorado, 80906

Medicaid doesn't have to be confusing. We can help provide innovative solutions for your individual situation. With a background in long term care facility insurance processing, we have a wide range of resources. We provide assistance with application, redetermination, Income Trusts, trouble shooting concerns about Medicaid, Medicaid Real Estate. Our initial consultation is free and we are happy to help every step of the way to find your best solution.AAA Medicaid Consulting, LLC is dedicated to improving the standards of relaying important financial information to those entering into the Medicaid system and assisting in the application process. It is our goal to provide assistance so that the necessary protocols when applying for Medicaid are completed in a timely manner.