FALL IS HERE….AND ON THIS DAY, 10/15/19

SO IS OPEN ENROLLMENT FOR MEDICARE  10/15/19 TILL 12/7/19

IS IT ME, OR IS THIS TIME LINE GETTING SHORTER EVERY YEAR?

Well the government is doing this on purpose and no this isn’t the time that I’ll blog about Obama Care and the Affordable Health Care Act or Trump Care….This blog is to encourage those who can sign up for Medicare to do with a Registered Medicare Agent. Our Partner Doug Davies is certified for Medicare. For those who wish to discuss and obtain a review, please email us. We ask that you include the following: Name Address Dates of Birth Phone Number Email Address (Be advised all email and data supplied will be held with the strictest Confidentiality and will not be shared with any other Market or Vendor)

DELTA INSURANCE ADVISORS REPRESENTS COMPANIES SUCH AS: BLUE CROSS/BLUE SHIELD, HUMANA, UNITED HEALTH CARE as well as others…

Note, Medicare Advantage Open Enrollment Period (January 1 – March 31) Special Enrollment Periods are available when special circumstances arise. Select the carrier you can afford, plan and plan type that would offer the most benefits. Agent blurb As Discussed in our September Blog of 9/18/19 Medicare eligible but still working

YOU HAVE OPTIONS Many Medicare eligible people at age 65 can remain in the work force even after becoming eligible for Medicare benefits. You need to understand how this affects those benefits and how to maximize your cost.” Group benefits can offer better prescription coverage than Medicare drug coverage, so staying on your group plan may be a good idea. But can that cause negative issues when the employee retires? Not necessarily. Working with a qualified agent to evaluate that employees situation, can create an advantageous plan to find the correct coverage as you transition from retiring from the work force and moving to full retirement.” If you are employed and on a current Group Plan, please discuss these options with your HR Dept or Manager in charge of Benefits. Doug will be glad to work with you direct and you can review the quotes and proposals accordingly.

NO STONE WILL BE LEFT UN-TURNED.

DO YOU KNOW WHAT THE PLANS MEAN?? “Original Medicare is made up of Part A (Hospital Insurance) and Part B (Medical Insurance). Medicare eligible consumers enrolled in Part A and B can enroll in a Medicare Supplement and/or a Part D plan (Prescription Drug Insurance)” “Part C is known as Medicare Advantage which is an “all in one” alternative to Original Medicare. These plans include Part A and B and can include Part D (Prescription Drug Insurance)” “Part D is the prescription drug coverage available to qualified Medicare eligible consumers.” “Plans normally refer to the different Medicare Supplement plans available to purchase with your original Medicare Part A and B. The plans associated with each letter offer different benefits. But each plan’s benefits will be identical between the different insurance carriers. Example: Plan F will have the exact same benefits regardless of which carrier you purchase the plan from. Plan F is the richest plan available while plan A offers the lowest amount of coverage.”

When can you enroll in Medicare? When you are first eligible for Medicare, you have a 7 month Initial Enrollment Period to sign up for Part A and/or Part B. For example, if you’re eligible for Medicare when you turn 65, you can sign up during the 7-month period that:

 Begins 3 months before the month you turn 65

 Includes the month you turn 65

 Ends 3 months after the month you turn 65

If you aren’t automatically enrolled, you can sign up for free Part A (if you’re eligible) any time during or after your Initial Enrollment Period starts. Your coverage start date will depend on when you sign up. If you have to buy Part A and/or Part B, you can only sign up during a valid enrollment period. If you wait until the month you turn 65 (or the 3 months after you turn 65) to enroll, your Part B coverage will be delayed. This could cause a gap in your coverage. In most cases, if you don’t sign up for Medicare Part B when you’re first eligible, you’ll have to pay a late enrollment penalty. You’ll have to pay this penalty for as long as you have Part B and could have a gap in your health coverage. Your monthly premium for Part B may go up 10% of the standard premium for each full 12-month period that you could have had Part B but didn’t sign up for it. Also, you may have to wait until the General Enrollment Period (from January 1 to March 31) to enroll in Part B. Coverage will start July 1 of that year. Usually, you don’t pay a late enrollment penalty if you meet certain conditions that allow you to sign up for Part B during a Special Enrollment Period (Example: covered under an employer group health plan).

What is NOT COVERED BY; Part A and Part B?

 Deductible, coinsurance and co-payment

 Long term care (also called custodial care)

 Most dental care

 Eye exams related to prescription glasses

 Dentures

 Cosmetic surgery

 Acupuncture

 Hearing aids and exams for fitting them

 Routine foot care

Supplements and other insurance that works with Medicare VIP, VIP, VIP Retiree insurance – If you’re retired and have Medicare and group health plan (retiree) coverage from a former employer, generally:  Medicare pays first for your health care bills *******  Your group health plan coverage pays second******

REMEMBER THIS IS WHAT YOU ARE ENTITLED TO USE…

THIS IS WHAT YOU WORKED FOR…. A Medicare Supplement Insurance (Medigap) policy helps pay some of the health care costs that Original Medicare doesn’t cover, like:

 Copayments

 Coinsurance

 Deductibles

Do not confuse this with a product with Accidental Insurance Plans… Government assistance for qualified Medicare enrollees Medicaid is a joint federal and state program that:  Helps with medical costs for some people with limited income and resources  Offers benefits not normally covered by Medicare, like nursing home care and personal care services Medicare Savings Programs You can get help from your state paying your Medicare premiums. In some cases, Medicare Savings Programs may also pay Medicare Part A (Hospital Insurance) and Medicare Part B (Medical Insurance) deductibles, coinsurance, and copayments if you meet certain conditions.

PACE is a Medicare and Medicaid program that helps people meet their health care needs in the community instead of going to a nursing home or other care facility. PACE stands for Programs of All-Inclusive Care for the Elderly. Lower Prescription Costs If you meet certain income and resource limits, you may qualify for a program called Extra Help from Medicare to pay the prescription costs, premiums, deductibles, and coinsurance of Medicare prescription drug coverage. Okay now you have some notes to go by…It’s overwhelming at time and my Associate can make it easy for you. Yes, we are technologically savvy, but these matters are so important, wouldn’t you want to talk to someone who knows the marketplace, someone who understands finances and risk management? An app. can’t do that for you…we CAN…

 

WE WILL BE POSTING FURTHER INFORMATION FOR THOSE IN NEED ON MEDICARE WITHIN THE WEEK…

Posted 5:09 PM

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