Medicare 101

which of these describes you?

are you?

Turning 65 and trying to find a supplemental plan that's right for you?

are you?

Already enrolled and looking to lower the cost of your premium?

Turning 65 is awesome and if you have worked for forty (40) quarters and paid into Social Security you are automatically enrolled in Medicare Part “A” (covers hospitalization) on your 65th birthday.

Approximately three months before your birthday, you will receive your Medicare Part A and Part B in the mail.

Don't discard that envelope!
Part A has no premium, however, Part B (covers physicians and other services) is not free and you will have to pay a monthly premium to receive this benefit.

Having Part A and Part B is a tremendous asset and covers 80% of all expenses that are medically necessary per Medicare.

You will be financially responsible for the other 20% of any expenses, which could amount to a lot of money depending on your health needs.

What if you are on a fixed income and a tight budget?

First we need to understand that medicare Supplement plans are issued by private insurers designed to fill in some of the monetary “gaps” attributable to Medicare deductibles, co-pay requirements and benefit periods.

Medicare Supplement Insurance (Medigap policies) pay for some or all of Medicare’s deductibles and co-payments not covered by Part A and Part B. Plans are standardized offering the exact same benefits.

Under the Omnibus Budget Reconciliation Act of 1990 (OBRA), Congress passed a law authorizing a standardized model for Medicare Supplement policies. That model requires Medigap plans to meet certain requirements as to participant eligibility and the benefits offered.

The purpose of the law was to eliminate questionable marketing practices and standarize protection afforded to seniors.

All Medigap plans are standardized and offer the same benefits
BUT their premiums can vary.

Our Goal

To help you select a Supplemental plan that will let you rest comfortably at night knowing your financial resources are protected and will meet your health care needs.

We are kind of old fashioned in that we enjoy speaking with our clients and getting a chance to know them. We look forward to finding a Medicare supplement insurance plan that fits your lifestyle.

Give us a call or fill out the contact form below to schedule a telephone appointment. Then you can decide if we are the right choice to proceed on the Medicare journey together.

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