Medicare Supplements (Medigap), Medicare Advantage & Prescription Drug Plan

Simply put, you can break down Medicare into 4 parts.  Each part has a specific role in the plan that you choose. A fifth component consist of Medicare Supplement Plans, sometimes referred as Medigap plans.

• Part A: Hospital
• Part B: Doctor
• Part C: Medicare Advantage
• Part D: Prescription Drugs 
• Medicare Supplements

You may click on any of the links above to get more info from Medicare.gov. In addition, I've summarized each part on this page.  

Are you ready to get your Medicare card? If you're taking social security, it will automatically come 3 months before the month you turn 65. If not, use the link below to apply for Medicare only.

Medicare Advantage plans provide you all the benefits of original Medicare Parts A & B, provided to you by a private insurance company that contracts with Medicare. 

Most plans incorporate Part D prescription coverage. In addition, the private insurance carrier can offer additional benefits not covered by original Medicare, for example, dental, vision, meals & transportation.  For a nice overview of Medicare Advantage plans, I provide a 10 minute video from one of my carriers.

These plans require a detailed review of doctors, hospitals, medications, and the pharmacy you prefer. Please feel free to use the  "Shop Medicare Advantage Plans" below, but please reach out to me before deciding or enrolling in a plan.  

“We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options.”  

Medicare drug plans are designed to reduce your out-of-pocket exposure for your prescriptions. The drug plan can be broken down into 4 stages. 

1. Deductible 
2. Initial Coverage Stage
3. Donut Hole
4. Catastrophic Level

I can help you break down each stage and help you predict your out-of-pocket exposure on an annual basis. 

A formal review of your medications and the pharmacy of choice provides you a predictable cost. It's a good idea to review your plan on an annual basis. A simple switch in pharmacies or using mail order can sometimes make an impact on your out-of-pocket exposure.  The free tool below, "Shop Medicare Plans" will provide you with a comparison of plans in your area. It's always best to consult with me before choosing a plan and enrolling.

 “We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options.”  

After Medicare Parts A & B pay for your covered services, supplement plans are designed to help pick up the coverage gaps. If predictability of healthcare expenses is your goal, a Medicare supplement is a great option. In addition, if your rates go up and you’re healthy enough, you can shop and compare plans anytime. 

Supplement plans provide more freedom when choosing a doctor or hospital. If a doctor or hospital accepts Medicare assignment, you can use your plan with them. Fortunately, that is most doctors and hospitals in the United States.  Head on over to my Just Med Supps website dedicated to just that and dental insurance. 

Long Term Care is an important part of retirement planning and one that gets confused with the skilled nursing facility coverage Medicare provides.  Medicare does not cover Long Term Care.  The most coverage Medicare provides is 100 days of skilled nursing care following a 3 day stay in a hospital.  If you're looking for coverage to protect assets in retirement, a long-term care plan is the solution.  In this blog, I go into detail about the options below for long term care planning.

• Traditional Long-Term Care (LTC)
• Traditional LTC with Partnership
• Hybrids
• Annuity with LTC Component
• Recovery Care Policy
• True Freedom Home Healthcare (No Underwriting/Not Insurance)

As an independent agent, I represent approximately 20 insurance carriers. It varies by product and state. If you would like to know if I represent a particular carrier, please reach out using the contact form below.  In addition, I share a few helpful articles (at least I think so) regarding Medicare and other health insurance related subjects. Just click on "My Blog" to see them.   

I currently hold a license in 18 states, and this is subject to change. My carrier list varies by state. My National Producer Number is #3772700.  

• Arizona
• Arkansas
• Colorado
• Florida
• Georgia
• Indiana
• Kansas
• Kentucky
• Maryland
• Michigan
• Missouri
• Nevada
• Ohio (Resident License)
• Oregon
• Pennsylvania
• Tennessee
• Texas
• Virginia