Medicare Supplement policies can offset health care expenses by covering costs like deductibles, copayments and coinsurance.
Medicare will be your primary coverage. Then you have an option to enroll in a Medicare Supplement plan which is a private insurance plan that would be secondary to Medicare and designed to pay part or all of what Medicare doesn’t pay depending on the option you choose. These plans are also referred to as Medigap policies or Medicare tie-in plans. There are several plans available. Plans A, B, C, D, F, G, L, M, and N. These plans are “Standardized” which means if you choose a plan “F” for example the benefits would be exactly the same regardless of which insurance company you choose however the premium can vary.
This being the case most people will decide on the benefits they want, then choose the company with the best rates, as long as they are reputable.
A Medicare Advantage Plan (like an HMO or PPO) is another Medicare health plan choice you may have as part of Medicare. Medicare Advantage Plans, sometimes called “Part C” or ”MA Plans,” are offered by private companies approved by Medicare.
If you join a Medicare Advantage Plan, then the plan will provide all of your Part A (Hospital Insurance) and Part B (Medical Insurance) coverage. Medicare Advantage Plans may offer extra coverage, such as vision, hearing, dental, and /or health and wellness programs. Most include Medicare prescription drug coverage (Part D). Medicare pays a fixed amount for your care every month to the companies offering Medicare Advantage Plans. These companies must follow rules set by Medicare. However, each Medicare Advantage Plan can charge different out-of-pocket cost and have different rules for how you get services (like whether you need a referral to see a specialist or if you have to go to only doctors, facilities, or suppliers that belong to the plan for non-emergency or non-urgent care).
These rules can change each year.
Medicare offers prescription drug coverage to everyone with Medicare. Even if you don’t take a lot of prescriptions now, it’s very important for you to consider joining a Medicare drug plan. If you decide not to join a Medicare drug plan when you are first eligible, and you don’t have other credible prescription drug coverage, or you don’t get Extra Help, you will likely pay a late enrollment penalty.
If you decide to stay in original Medicare you will need to enroll in a standalone prescription drug plan or sometimes called (PDP’s). Most Medicare Advantage (PartC) plans include prescription drug coverage.
Medicare does not cover dental, routine vision such as eye exams, glasses and contact lenses or hearing, such as routine hearing exams and hearing aids. Medicare Advantage Plans may provide some coverage in these areas on a very limited basis. To cover this gap for people who want this type of coverage we offer a variety of Dental and Vision plans.
Most Long-Term Care isn’t medical care, but rather help with basic personal tasks of everyday life, sometimes called activities of daily living.
Medicare doesn't cover Long-Term Care (also known as Custodial Care), if that’s the only care you need. Most Nursing Home Care is Custodial Care.
Nursing Home and Long-Term Care costs can be devastating to a family’s financial well being. According to The American Association of Home and Services for the Aging, 69% of people will need some form of LTC
after age 65. The following is a brochure explaining the benefits of Traditional Long-Term Care Policy:
to view a video about our health plans.