Help My Medicare

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5 Ways to Screw Up Your Medicare

There is so much information out there about Medicare. Case in point: you are reading this blog! The problem is that so much information can lead to misinformation. Try to avoid these common mistakes.


Don’t we all put off stuff we don’t like doing? Who really likes making Medicare decisions? Like it or not, putting off your Medicare enrollment process can create unnecessary anxiety and can actually cost extra money. Start researching at least four months before you turn 65. That should give you a comfortable cushion to take action if needed. You can save time and anxiety by contacting us.


Just because your office buddy, sister-in-law or best friend said their process was easy and worked great for them does not mean that is what is best for you. Don’t assume Medicare is a one-size-fits-all prospect. Do not assume your company’s COBRA will be “just fine” to use after you retire, so you can postpone Medicare for another 18 months. (BIG mistake.) Do not assume your retirement package is adequate coverage in the eyes of Medicare.  Do not assume Medicare enrollment will always be quick. Assuming can be costly both financially and mentally/emotionally. Help My Medicare wants to save your money and your mental health. Get informed!

No Medications = No Part D

“Why should I get a drug plan when I don’t take drugs?”  Sounds perfectly reasonable. And in our opinion, it is. But our opinion ultimately does not count – Medicare’s does. Medicare says you’ll get a 12% increase on your plan premium for each year you did not have a drug plan and could have. See here for more about Part D

Choosing Advantage only for $0 premiums

We get it… money is tight. “Paying nothing” for your Advantage plan can look very attractive. It may be a good choice for you. But before you commit to an Advantage plan make sure you understand what you are getting! All Advantage plans have deductibles. That means you will be paying up to that amount if you have health expenses. Advantage plans also have co-pays and coinsurance. Those rules expose you to further costs. If you have peace with that arrangement, that’s fine. Just make sure you aren’t making your decision just on cheap premiums alone.

Skipping Tax Deductions

You can claim your Medicare premiums (not including your Medigap/supplemental policy) and other health expenses as deductions on your tax return. As with anything IRS-related, there are rules and restrictions so be sure to ask your CPA or a qualified tax-preparer. You could be leaving money on the table if you don’t!

Can you guarantee I'll save money on a drug evaluation?

No – we can only determine what money if any, you might save after checking your medication list. We can absolutely promise peace of mind. If there’s money to be saved, we’ll find it. Each year, roughly half of our clients need to switch Part D plans, and they typically save $1,000 – 3,000.

I don't live in Texas. Can you help me?

Absolutely. HMM offers remote Medicare help for clients in all 50 states. We can also help adult children in one city/state manage Medicare coverage for their parents in a different part of the country.

My wealth management clients are usually high net worth individuals. Why would saving a few dollars on drugs make a difference to them?

There is no price tag on peace of mind, and for many, the anxiety itself is very costly.

You might only meet your clients a couple of times a year for a portfolio review, but they go to the pharmacy every month or every quarter. They get anxious when confronted with the cost of their medications. Nobody likes to pay more than they have to, even if they can afford it. With HMM, you provide them with confidence and peace of mind. These things have value regardless of the size of their portfolio.

Can you guarantee my employees will choose Medicare over the group policy?

No – but we can guarantee that they will leave the seminar with a far greater understanding of their options. This improves their ability to make an informed choice, which in turn increases the likelihood that they will switch to Medicare. In some cases, it is not in their best interest to leave the group policy! HMM seminars help them decide what is best for them.

Lucy Higginbotham

Since assuming control of HMM following the original founder’s retirement, Lucy Higginbotham has discovered a new passion for helping clients save money on healthcare coverage. Helping people alleviate apprehension and confusion as they enter Medicare is a rewarding feeling that never gets old.

A 7th generation Texan from San Antonio, Lucy is a devoted wife and mother as well as a passionate follower of Jesus Christ. She enjoys hunting, helping others, and spoiling Fezzick, her family’s black Labrador Retriever.

Before assuming her leadership position at HMM, Lucy was a published journalist and the Vice President of Product Development for Higginbotham, Inc.