Medicare


Medicare supplements, sometimes called Medigap policies pay most, if not all, of the Original MedicarePlan coinsurance amounts and may provide coverage for the Original Medicare Plan deductibles. Some of the 10 standardized plans (When describing the benefits of each of the Medigap policies, insurance companies must use the same format, language, and definitions. They also are required to use a uniform chart and outline of coverage to summarize the benefits in each plan. These requirements make it easier for you to compare policies.) pay for services not covered by Medicare such as outpatient prescription drugs, preventive screening, and emergency medical care while traveling outside the United States. Some Medicare

Supplement policies cover health care provider charges in excess of Medicare’s approved amount and for some care in your home.As you shop for a Medicare Supplement policy, keep in mind that each company’s benefits are alike, so they are competing on service, reliability, and price. Compare benefits and premiums and be satisfied that the insurance company is honest and reliable before buying your medicare.

When shopping for a Medicare Supplement policy, think about :
Medicare Supplement Premiums: There are big differences in the premiums insurance companies charge for exactly the same coverage. When comparing premiums, be sure you are comparing identical Medicare Supplement plans. Insurance companies use different methods to calculate medicare premiums:

Age Rating: Generally this means that the older you are, the more a medicare supplement policy costs. No Age Rating, also known as community rating. Generally, this means that a company charges one premium for all policyholders regardless of age.

There are actually two different ways companies can age rate: “Issue age” versus “Attained age” rating. In general, if you are buying a Medigap policy which uses age rating, policies with issue age rating will be slightly better in price than attained age policies.

Issue age: The way that companies calculate Medicare Supplement premiums based on how old you are when you bought the policy. Medicare premiums may change due to inflation, but will not be changed due to changes in your age.

Attained Age: Premiums will increase as you grow older. Remember, all premiums may go up each year because of inflation.Medical Underwriting: During open enrollment, companies cannot use medical underwriting or refuse to write you a policy.

Open Enrollment guarantees your right to Medicare Supplement coverage. For a Period of 6 months from the date you are both age 65 or older and enrolled in Medicare Part b, you have a right to buy the Medicare Supplement policy of your choice, regardless of any health problems you may have. During other times, companies can refuse to issue a Medicare Supplement policy. Medical underwriting is the process that a company uses to determine whether or not to accept your application for insurance, and how much to charge you for that insurance. It usually involves answering medical questions on an application. Some companies may require a review of your medical records.

One of the biggest misconceptions about Medicare and Medicare Supplement Insurance is that it covers Long Term Care. Medicare and Medicare Supplement policies do not cover purely custodial care, the type of care most people in nursing homes need. Generally, Medicare only covers skilled nursing care or skilled rehabilitation care that is provided in a Medicare certified skilled nursing facility. And this coverage is for a very limited time only.

AS YOU CAN SEE THERE ARE MANY CHOICES AND DECISIONS TO MAKE ABOUT THE PURCHASE OF A MEDICARE SUPPLEMENT. IF YOU ALREADY HAVE ONE, ARE YOU PAYING TO MUCH? DO YOU UNDERSTAND WHAT IS COVERED AND WHERE YOU MAY BE EXPECTED TO PAY WHAT MEDICARE AND/OR YOUR MEDICARE SUPPLEMENT DOES NOT.

THATS WHERE WE COME IN. WE HAVE IN OUR AGENCY TWO AGENTS AND ONE CUSTOMER SERVICE REPRESENTATIVE WHO ONLY SPECIALIZE IN HEALTH CARE. WE ARE DEDICATED TO HELPING OUR CLIENTS UNDERSTAND THEIR HEALTH CARE COVERAGE AND HOW TO BEST PROTECT THEMSELVES. WE ALSO KNOW THAT THE MOST IMPORTANT THING OUR CLIENTS ARE LOOKING FOR IS CUSTOMER SERVICE AS QUESTIONS ARISE. WE ARE HERE TO BE OF ASSISTANCE TO YOU. WE LOOK FORWARD TO HEARING FROM YOU.