Medicare Supplements (Medi Gaps)
All Medicare Supplements are cookie-cut into plan types (letters A-L). Benefits are exactly alike according to each letter plan regardless of the insurance company you choose. This can make it easier to compare premiums between carriers for the same benefits. Be carefull though...
Some premiums are based upon age at enrollment... some are based upon attained age. How premium is determined can have a huge effect on affordability in later years. You wouldn't want to have to give up benefits because they are too expensive right when you need them most would you? Besides switching might be difficult later too if you have an illness.
Most carriers offer guaranteed issue for ages 65-68. Past this age, there are some circumstances that will get you in guaranteed... we know them..but it's best to plan ahead...
Some carriers offer an early enrollment discount. These discounts offer great savings early on but be sure to plan for higher rates in the future as the discounts diminish over time.
Click on contact us. We'll provide specific tips based upon your needs and even help you problem solve!
Medicare Part C (Medicare Advantage)All Medicare Part C (Medicare Advantage) plans are not alike! Medicare Part C plans are different than Medicare Supplements. In Part C, a you enroll in a plan with a carrier that is contracted with Medicare to provide you with all of your Medicare Part A & Part B benefits. Claims can no longer be made to Medicare but are handled entirely through the carrier you choose according to the plan you enroll in.
Many are choosing Medicare Advantage Plans because they can have a lower monthly premium than Medicare Supplements. In order to save these dollars, this may include giving up coverage for services outside of the plan's providers under an HMO. This can take some getting used to for those who are already used to Original Medicare but like the idea of having...
Additional benefits including prescription drug coverage without the extra premium. Some plans offer dental, vision and special wellness benefits for chronic illnesses which can be very attractive considering..
Medicare Part C (Medicare Advantage) plans have very little underwriting or health considerations. There are however, significant restrictions when changing between plans much like Medicare Part D for stand alone prescrition drug coverage.
For this reason, we strongly advise you to have us in for a sit down discussion before enrollment.
Click on contact us. We'll send you the appointment verification form required by law in advance of our meeting to help you make sure you are making the right decision.
All Medicare Part D plans are not alike! Each carrier has a list of covered prescriptions that are subject to change. Some have deductibles in addition to monthly premiums and copays that range from $0 for generics to stated precentage discounts for brands and injectibles.
Medicare beneficaries are encouraged to compare plans at www.medicare.gov during each annual enrollment period to identify the plans that provide the least annual cost including premiums, deductibles and copays. Additionally, but often unknowingly...
Additional assistance is available through state subsidies. SPDAPs provide the ability to change plans when they are otherwise not allowed and provide up to $1,000 per year in drug costs for those who experience a coverage gap.
Part D coverage is sometimes combined with Part C or Medicare Advantage plans allowing further savings with no premium or low premiums in addition to the required Part B monthly premium...however, significant restrictions on plan changes apply.
For this reason, we strongly advise you to have us in for a sit down discussion before enrollment.
Click on contact us. We'll send you the appointment verification form required by law in advance of our meeting to help you make sure you are making the right decision!
