Seniors

The majority of senior citizens will acquire Medicare as their main source of health coverage upon turning 65.  Having just original Medicare (Part A and B) offers only limited coverage and tends to be quite costly for seniors.  We offer a variety of plans that offer seniors additional options for more complete coverage.  These plans include Traditional Medicare Supplements, Medicare Advantage, and Prescription Drug Plans.

MEDICARE SUPPLEMENT PLANS

Medicare Supplement Plans, many times referred to as Medigap plans are offered through private insurance companies but are standardized by the Centers for Medicare and Medicaid Services (CMS).  These plans help “fill in the gaps” of Original Medicare by helping to pay some of the costs associated with Medicare Part A and B such as coinsurance and deductibles.  In some cases they may also cover certain expenses that Medicare would not.

MEDICARE ADVANTAGE PLANS

Medicare Advantage Plans, or Part C are also offered and run by private insurance companies.  While these plans are approved by CMS they are not standardized so seniors have a variety of options to choose from including PPO, and HMO plans.  In addition to offering coverage as good as Original Medicare they often times have added benefits such as wellness programs, vision, dental and hearing exams and drug coverage.

PRESCRIPTION DRUG PLANS

Prescription Drug Plans, or Part D offers prescription drug coverage to everyone with Medicare.  These plans are also run by private insurance companies and regulated by CMS who has set a standard for the minimum coverage that can be offered.  There are a variety of plan designs to choose from that may include copayments, coinsurance and/or a deductible.  As with Part B it is important for seniors to enroll in Part D plans as soon as they are eligible to avoid a late enrollment penalty.