|
Medicare Overview
Most people have heard of Medicare, but many don't understand the insurance program or they get Medicare confused with Medicaid. The founders of Senior Advisors noticed the lack of education surrounding Medicare and decided to do something about it.
Our company was opened over 10 years ago to educate and assist individuals who are eligible for Medicare throughout cities like Westfield, NJ; Voorhees, NJ; Haddonfield, NJ; Cherry Hill, NJ; and Summit, NJ.
Our company was opened over 10 years ago to educate and assist individuals who are eligible for Medicare throughout cities like Westfield, NJ; Voorhees, NJ; Haddonfield, NJ; Cherry Hill, NJ; and Summit, NJ.
Our Service
Our team provides several workshops to teach people about the Medicare program, which provides health insurance to people over the age of 65. In addition to our educational workshops, we also make individualized recommendations for each client's situation so that they can have the coverage they need.
We also offer Medigap, which is extra insurance to help pay for costs that certain parts of Medicare don't cover. Senior Advisors works with the top insurance companies so that we can find the best rates for the coverage you need. Call us today to learn about Medicare, Medigap, and your health insurance coverage options.
We also offer Medigap, which is extra insurance to help pay for costs that certain parts of Medicare don't cover. Senior Advisors works with the top insurance companies so that we can find the best rates for the coverage you need. Call us today to learn about Medicare, Medigap, and your health insurance coverage options.
Our Commitment to You
Our first priority is education. We know how difficult it can be to switch health insurances, particularly as you are trying to retire or as your need for health care services increases. Senior Advisors is licensed in over 30 states and we are always trying to expand our services to other states.
Read on for more information about Medicare coverage, Medicare supplements, and the different Medicare plans.
Read on for more information about Medicare coverage, Medicare supplements, and the different Medicare plans.
Medicare coverage usually starts when an individual turns 65 years old. If someone is still working in a full time job with benefits it may not be necessary to begin Medicare coverage. There are several parts to Medicare, Part A for hospital coverage, Part B for out patient services, Part D for prescription drug coverage and Part C which is coverage for Medicare Advantage Plans.
Part B is for doctors visits and out patient services. This part must be paid for on a monthly basis and the amount paid is based on your income. If you are working with benefits and your company has more than 20 full time employees it may not be necessary to apply for part B until you retire or lose your company benefits.
Part D is prescription drug benefits. There are over 20-30 Part D prescription drug cards available in each state for Medicare. It is necessary to understand the coverage and limits on Medicare prescription drug plans. The federal government has a great website to search for the best drug card for your needs at www.medicare.gov.
Part B is for doctors visits and out patient services. This part must be paid for on a monthly basis and the amount paid is based on your income. If you are working with benefits and your company has more than 20 full time employees it may not be necessary to apply for part B until you retire or lose your company benefits.
Part D is prescription drug benefits. There are over 20-30 Part D prescription drug cards available in each state for Medicare. It is necessary to understand the coverage and limits on Medicare prescription drug plans. The federal government has a great website to search for the best drug card for your needs at www.medicare.gov.
Medicare Supplements
Medicare Supplements will pay for the deductibles and coinsurance that are not covered under part A and B of Medicare. The best time to purchase a supplement is either upon turning 65 if you have both Part A and B or when you retire from a job and lose your benefits if later than 65. These are considered open enrollment periods and the supplement insurance is guaranteed issue. There is no medical underwriting at this time.
Medicare Supplement Plan G has become the most popular plan in the last few years.
Medicare Supplement Plan G has become the most popular plan in the last few years.
Medicare Advantage Plans or Medicare Part C:
Most Medicare Advantage Plans are HMO type of plans with coverage for both in patient and out patient services as well as having prescription drug coverage included. These plans have co-payments for everything such as doctors visits and hospital stays. Medicare Advantage plans usually can be less expensive and will provide good coverage, however, if you tend to use a lot of services there will be extensive co-pays involved. The Medicare supplements cover most services at 100% with no co-pays. Either pay a little more for 100% coverage or save on the premium, but be aware of the potential for future out of pocket expenses.
Our Team Is Available
Here at Senior Advisors, we have a variety of agents who are ready to help you however they can. You can call our Moorestown office at 856-866-8900 or our Cranford office at 908-272-1970 to learn more about our services or to schedule a consultation.