Medical alarm can supplement Medicare

Kevin Magna

November 1, 2010

As baby boomers begin to plan for retirement, it may be beneficial to become familiar with the subtleties of Medicare, because mistakes can often lead to unnecessary expenses. A recent issue of Consumer Reports has shed some light on a few confusing aspects of the process.

First, it may be wise for an individual to sign up for Medicare before turning 65. Patients should enroll in Medicare Part A, which covers hospital costs, before their birthday month, because then they will be covered as soon as possible. Waiting until after that month can result in a lengthy delay.

One of the biggest pitfalls of Medicare is when patients subscribe to Medicare Part B, which covers most expenses, except for prescriptions. If an individual avoids enrolling due to the monthly premium, they may be charged a 10 percent premium increase for each year that they didn't sign up, so enrolling sooner than later is highly recommended.

Medicare Part D has similar penalties for delays.

Cutting back on health costs can be also crucial for many retirees. Many patients can accidentally incur higher expenses by forgetting to take a full dose of medicine, which can result in chronic illness.

Those who are taking medicine for a condition may want to consider using a medical alarm, which is a device that can be programmed to remind patients to take prescriptions with a medical alert.