Page 33 - Keralite Magazine _new 1 copy
P. 33

KERALITE
                                                                                                               2018

                1.     Medicare Part A  is known as Hospital           also doing much voluntary work. You find
                Insurance that covers hospital inpatient  care. You    happiness in immersing yourself in reading, in
                apply for this coverage about 3 months before you      writing, in nature, in fine arts, in philosophy, in
                turn 65.Most beneficiaries do not pay a premium for     religion, in spirituality and so on. The abilities you
                this coverage.                                         possess as a teacher, construction worker, doctor,
                                                                       dentist, musician, nurse, driver, are all needed to
                2.     Medicare Part B covers doctor‘s visits,         your own neighborhood, and across the world. Or,
                outpatient care, certain durable                                        you go for sightseeing in far-flung
                medical equipment and some                                              places.  Travel can enhance your
                preventive services. Participants        Now that you                   retirement significantly since it
                pay a premium for Part B                                                provides   a   high   degree   of
                coverage,    which    could    be        have done the                  stimulus, freshness and pleasure
                thousands of dollars, as required,        right things                  not    encountered     in   other
                based on your modified adjusted                                          activities. Regardless of where
                gross income (MAGI). Still, Part B  at the right time,                  you go, you can always learn new

                generally covers only 80% of the     it is time to relax.               things:   new    food,   clothing,
                Medicare approved amounts, and                                          lifestyle, hills,  plains,  valleys,  and
                the rest either comes from your                                         so  on.
                secondary coverage, or out of
                pocket.                                                There are plenty of innovative options available to
                                                                       retirees. If one has the interest, there are great
                3.     Medicare Part C  or Medicare Advantage          adventures sponsored by Earthwatch. Earthwatch
                Plans are private sector alternatives to original      Institute features expeditions and research on
                Medicare.
                                                                       oceans, ecosystems, cultural heritage, wildlife and

                4.     Medicare Part D provides drugs/prescription     climate change. Or, you can be a part of
                coverage. Some participants pay a monthly              Greenpeace in the hope of creating a greener and
                premium, based on their income levels.                 more peaceful world. To some it could fulfill a
                                                                       passion. If you love plants, you can work part-time
                It is important that you have to be aware that,        as a greenhouse technician. For another, it is taking
                Medicare does not cover long term care, dental,        his brother with him to travel to Alaska. For
                vision and hearing. If you are lucky enough that       somebody else, it is watching birds from a blind in a
                your  employer still   provides you its health  plan   forest in Costa Rica. One traveler wandered around
                after you retire, it could act as a supplement to      the world at wine destinations from Napa Valley,
                cover some of these, or you might have to purchase     California to Bordeaux, France. Now, the time is at
                these in the open market.                              your disposal. Utilize it  and get to where your
                                                                       passion takes you.
                Now that you have done the right things at the right
                time, it is time to relax. You have retired! Look at
                yourself in the mirror. You are an older person. The
                society as a whole is aging. Because you are older
                and wiser, you are needed to maintain activity in
                many spheres in the community around you. Your
                worth and strength are shown in local and national
                politics, you sit at the Boards of organizations, and,



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