Have you ever heard the saying, “You don’t know what you don’t know?” It is especially true in the Medicare insurance field, which is great for seniors and those on disability, but unfortunately, it can be very confusing, even to the most educated.
You have three basic offerings to choose from: original Medicare, original Medicare paired with a Medicare Supplement, or a Medicare Advantage Plan. If you opt for the Medicare Advantage route, you will often have between 30-60 different plans from which to choose. In addition, you also need a Prescription Drug Plan if you choose original Medicare or original Medicare plus a supplement.
For these reasons, working with a licensed Medicare Insurance Broker is the only option that makes sense. Every year we undergo rigorous testing and training from the federal government and the carriers we represent, as well as taking continuing education classes. This training helps us become highly skilled at helping YOU find the perfect option for your situation. In addition, because we are brokers, we have multiple companies and a multitude of plans to offer you.
Whether new to Medicare and making a first-time decision or a seasoned Medicare client who doesn’t have an agent, we are here to guide you. We don’t stop until you are satisfied that we have picked the right plan that matches all your specific needs.
Medicare Advantage
Medicare Advantage plans are a type of Medicare health plan offered by private insurance companies approved by Medicare to provide all the Part A and Part B benefits. Many Medicare Advantage plans also offer Part D coverage, as well as other additional benefits. These plans are either HMO’s which require coverage within a network, or PPO’s which provide more flexibility. Many plans offer a zero monthly premium.
Medicare Supplements
Medicare supplement plans charge a monthly premium based on the plan selected. These plans are also referred to as Medigap plans & should not be confused with HMO’s or PPO’s. With these plans, members can go to any doctor or hospital that accepts original Medicare and do not require referrals for specialists. Medigap plans help pay for some to most out-of-pocket costs not paid by Original Medicare (Parts A + B) but do not cover any Part D costs.
RX Plans
Medicare prescription drug coverage is an optional benefit offered to everyone who has Medicare. If you decide not to get Medicare drug coverage when you are first eligible, you could pay a late enrollment penalty if you join later. To get Medicare drug coverage, you can choose a Medicare Advantage plan with prescription drug coverage or a standalone PDP plan. Plans can vary in cost and drugs covered.
Ready to Explore Medicare but not Sure Where to Start?
We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE (TTY users should call 1-877-486-2048) to get information on all your options. Not affiliated with or endorsed by the government or the federal Medicare program.
