Health Insurance is a very personal and complex subject.
As an independent agency, we are able to provide you several different proposals from the many companies we represent. As you probably already know, the Health Insurance Industry is going through various changes that will have an impact on your current and future healthcare needs.
Many of the health policies are already changing, as well as the laws and regulations.
To best help our clients with healthcare, we ask them to first try to decide what their future needs may be. For example:
As you can imagine, this entire subject is difficult to address quickly or easily!
However, once we know the facts of your particular situation, we can help design a policy to fit your budget and plans.
At Great Place Insurance, we work very hard to be sure we are as up to date as possible to answer all your questions. Contact one of our knowledgeable agents to get started!
Supplement Insurance can provide financial peace of mind for those on Medicare. It has also been referred to as a “Medigap” Policy, because it fills in the gaps of Medicare.
What is Medicare?
Medicare is health insurance for:
■People 65 or older
■People under 65 with certain disabilities
■People of any age with End-Stage Renal Disease (ESRD) (permanent kidney failure requiring dialysis or a kidney transplant)
What are the different parts of Medicare?
Medicare Part A (Hospital Insurance) helps cover:
■Inpatient care in hospitals
■Skilled nursing facility care
■Hospice care
■Home health care
Medicare Part B (Medical Insurance) helps cover:
■Services from doctors and other health care providers
■Outpatient care
■Home health care
■Durable medical equipment
■Some preventive services
Medicare Part C (Medicare Advantage):
■Run by Medicare-approved private insurance companies
■Includes all benefits and services covered under Part A and Part B
■Usually includes Medicare prescription drug coverage (Part D) as part of the plan
■May include extra benefits and services for an extra cost
Medicare Part D (Medicare prescription drug coverage):
■Run by Medicare-approved private insurance companies
■Helps cover the cost of prescription drugs
■May help lower your prescription drug costs and help protect against higher costs in the future.
What are Medicare Supplement Insurance (Medigap) policies?
Original Medicare pays for many, but not all, health care services and supplies.
A Medicare Supplement Insurance policy, sold by private companies, can help pay some of the health care costs that Original Medicare doesn’t cover, like co-payments, co-insurance, and deductibles.
These policies are also called Medigap policies. Some Medigap policies also offer coverage for services that Original Medicare doesn’t cover, like medical care when you travel outside the U.S.
If you have Original Medicare and you buy a Medigap policy, Medicare will pay its share of the Medicare-approved amount for covered health care costs. Then, your Medigap policy pays its share. You have to pay the premiums for a Medigap policy.
When can I get a Medicare Supplement Insurance (Medigap) Policy?
These policies, sold by private insurance companies, help pay some of the health care costs that Medicare doesn’t cover. You have a one-time 6-month Medigap Open Enrollment Period which starts the first month you’re 65 and enrolled in Part B.
This period gives you a guaranteed right to buy any Medigap policy sold in your state regardless of your health status. Once this period starts, it can’t be delayed or replaced.
For more information on Supplement Insurance, click here to view the Official Medicare Handbook.
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Friday: 8:00am-4:00pm
Saturday – Sunday: Closed
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