Medicare and Private Insurance

Medicare and Private Insurance

Medicare and Private Insurance Do you have Medicare and Private Insurance or your already have Private Insurance and your about to start Medicare? Are you wondering how they will work together if at all? Well, todayI’m going to show you how Medicare brakes that down for you.   How Medicare works with other insurance If you have Medicare and Private Insurance […]

Michigan Medigap Rate Changes

Michigan Medigap Rate Changes

You may be asking your self what makes my Michigan Medigap Rate Changes?

well every state can be diffarent but the basics are the same. There is three types on rate changes on Medigap Plans.

 

Type of pricing How it’s priced What pricing may mean for you Examples
Community-rated (also called No-Age-Rated) The same monthly premium is charged to everyone who has the Medigap policy, regardless of age. Premiums are the same no matter how old you are. Premiums may go up because of inflation and other factors.

Mr. Smith is 65. He buys a Medigap policy and pays a $165 monthly premium.


Mrs. Perez is 72. She buys the same Medigap policy as Mr. Smith. She also pays a $165 monthly premium because with this type of policy, everyone pays the same price, regardless of age.

Free Medicare Supplement Quote
Issue-Age-Rated Policies The premium is based on the age you are when you buy (are “issued”) the Medigap policy. Premiums are lower for younger buyers and won’t change as you get older. Premiums may go up because of inflation and other factors.

Mr. Han is 65. He buys a Medigap policy and pays a $145 monthly premium.


Mrs. Wright is 72. She buys the same Medigap policy as Mr. Han. Since she is older at the time she buys it, her monthly premium is $175.

Attained-Age-Rated Policies The premium is based on your current age (the age you have “attained”) so your premium goes up as you get older. Premiums are low for younger buyers, but go up as you get older and can eventually become the most expensive. Premiums may also go up because of inflation and other factors.

Mrs. Anderson is age 65. She pays a $120 monthly premium. Her premium will go up every year.

  • At age 66, her premium goes up to $126
  • At age 67, her premium goes up to $132
  • At age 72, her premium goes up to $165

Mr. Dodd is age 72. He buys the same Medigap policy as Mrs. Anderson. He pays a $165 monthly premium. His premium is higher than Mrs. Anderson’s because it is based on his current age. Mr. Dodd’s premium will go up every year.

  • At age 73, his premium goes up to $171
  • At age 74, his premium goes up to $177Now that you understand what might make your rate rise here are some of the rate changes in Texas on some of the top companies

Michigan Medigap Rate Changes

Based off a Woman 65yrs of age in michigan lansing zip code 48911

Company Year A B C D F F (high) G K L M N
Aetna Life Insurance Company 2012 0.0% 0.0% 0.0% 0% -18.0% 0% 0.0% 0% 0% 0% 0.0%
Aetna Life Insurance Company 2013 -14.0% -14.0% -14.0% 0% 5.0% 0% 5.0% 0% 0% 0% 5.0%
Aetna Life Insurance Company 2014 9.0% 9.0% 9.0% 0% 9.0% 0% 9.0% 0% 0% 0% 9.0%
AFLAC 2013 10.0% 0% 10.0% 10.0% 10.0% 0% 10.0% 0% 0% 0% 10.0%
American Continental Insurance Company 2012 -10.0% -10.0% -10.0% 0% -10.0% -10.0% -10.0% 0% 0% 0% -10.0%
American Continental Insurance Company 2013 6.0% 6.0% 6.0% 0% 6.0% 6.0% 6.0% 0% 0% 0% 6.0%
American Continental Insurance Company 2014 4.0% 4.0% 4.0% 0% 4.0% 4.0% 3.0% 0% 0% 0% 3.0%
Bankers Fidelity Life Insurance Company 2011 7.6% 0% 8.1% 0% 8.0% 0% 7.8% 8.0% 0% 0% 0%
Bankers Fidelity Life Insurance Company 2012 7.9% 0% 8.1% 0% 8.0% 0.0% 8.0% 7.4% 0% 0% 0%
Bankers Fidelity Life Insurance Company 2013 8.0% 0% 8.0% 0% 7.9% 0.0% 8.1% 8.0% 0% 0% 0%
Bankers Fidelity Life Insurance Company 2014 0.0% 0% 0.0% 0% 0.0% 0.0% 0.0% 0.0% 0% 0% 0%

Didnt see the Medigap Companies you were looking for? Contack me at (475) 88CARLY (475)-882-2759

 

Free Medicare Supplement Quote

overall cost of medigap ownwrship

Medigap hybrid

Medigap Hybrid   Medigap Information as part of an overall hybrid solution. Why Medigap Medigap aka Medicare Supplemental Insurance is an important area of concern for the increasing population of aging citizens in the United States. If a senior citizen is not covered by the Medicare insurance program (or is only partially covered) then Medigap can take up the slack. […]

» Read more

Medicare Health Insurance part 2

Medicare Health Insurance part 2

Medicare Health Insurance

Medicare Health Insurance

Medicare Health Insurance

 

Free Medicare Supplement Quote
  1. Your initial enrollment in Medicare is time sensitive.

    • The Initial Enrollment Period (IEP) is your first chance to enroll in Medicare. It’s the three months before your 65th birthday month, the month of your birthday, and the three months after your birthday month.
    • If you are eligible for Medicare due to disability, your IEP is based on your disability date.
    • Late enrollment penalties may be incurred for missing certain enrollment periods for Part B and prescription drug coverage.
  2. Your health care needs may change over time.

    • After you choose your Medicare coverage, you can make changes once a year during Medicare Open Enrollment, October 15 through December 7.
    • You may change your coverage at certain other times if you qualify for a Special Enrollment Period.
    • Review your coverage each year to see if it still fits your needs.
    • These enrollment period restrictions do not apply to Medicare supplement insurance.
  3. Special Enrollment Period (SEP).

    • In some cases you may be able to enroll in or switch plans at times besides your IEP or Medicare Open Enrollment.
    • You may qualify for an SEP if you retire and leave a health care plan sponsored by your employer or union.
    • You can usually use an SEP to change your coverage if you move out of your current plan’s service area.
  4. Medicare can work with other health insurance.

    • Group or retiree health insurance sponsored by an employer or union can work with Medicare.
    • Your plan administrator can help you figure out how Medicare could work with your current coverage.
    • Medicare supplement plans work with Original Medicare, but not with Medicare Advantage plans.
  5. Help is available.

    • Medicare can be complicated, but help is available.
    • You may qualify for financial help.
 This was part 2 of things you need to know about Medicare Health Insurance. If you have any questions give me a call at (475) 88CARLY / (475) 882-2759
Free Medicare Supplement Quote

Secondary Insurance for Medicare

Secondary Insurance for Medicare

There are going to be 2 different types of Secondary insurance for Medicare. The two different types are an Advantage plan, and a Supplement plan. They are two totally different types of insurance. But let’s talk about what the difference is between these.

 

Medicare Advantage Plans

Medicare Advantage Plans

Advantage Plans

An Advantage plan is going to be one of the secondary insurance plans for Medicare. Now depending on what insurance company you go with will decide on how good of coverage you get for this type of plan. With Advantage plans you will be in a network with your doctor, so you will have to make sure your doctor is in the network before you buy the plan. With this type of plan you might pay less for the plan itself but in the long run you might have a high deductible, and/or a maximum out-of-pocket cost. And I have seen them go up to $6700 a year. So before you buy a plan like this make sure you are looking into every detail of it. Because another thing about this type of plan is that you can only get this type of plan one time out of the year. Once you are enrolled in the plan you can not get out of it until the Annual Enrollment period in October. Now of course there are a few ways that you can switch during the year. But if you want more information on that you can give me a call directly at 901-KORTNI8.

 

Free Medicare Supplement Quote

Supplement Plans

Medicare supplement plans are going to be a lot different than the Advantage plans. If you were to get a Supplement plan as your secondary insurance for Medicare then you have to look only at a few things. The cost is going to be more than the Advantage plans and let me tell you why. There is a Medicare Supplement plan out there right now that will cover you 100% after Medicare. Now you will pay more for this plan but you will be covered. With Medicare Supplement plans you are not in a network for you doctors. As long as your doctor accepts Medicare then they have to accept your Medicare Supplement plan. These plans are standardized. That means that it doesn’t matter what insurance company you go with the plan benefits will stay the same. So what you will want to do is find out what insurance company is offering the best rate for each plan. And find out what plan best fits your situation.

 

If you are ready to get signed up for your Secondary Insurance for Medicare then you can give me a call here at 1-800-Medigap, or you can reach me directly at 901-KORTNI8. I am a licensed broker and I can see multiple companies and what each of them offer for these plans.

Most popular Medicare Supplement plans

Most popular Medicare Supplement plans

Most popular Medicare Supplement plans

Most popular Medicare Supplement plans

Medicare Supplement Plans

The most popular Medicare Supplement plans in the Medicare field would have to be plan F, G and N. These plans are all different but they are the most popular plans out there. Now be low I will tell you all the differences between all the plans and why they are the most popular ones. Now with these Medicare Supplement plans you can go to any doctor you want as long as the doctor accept Medicare. You don’t have to worry about if your doctor is going to cover you or if the doctor is in your network. Because with these plans your not in a network.

 

Plan F

Now Medicare Supplement plan F is going to be the best plan that you can get. It is going to cover you 100%. With this plan you will have no out-of-pocket expenses except for your monthly premium. You will not be responsible for Copayments, Coinsurance, or deductible’s. Now the Plan F is going to be a plan for someone who has a few health conditions but nothing too major, because I’m sure most of you know the Medicare Supplement plans are medically underwritten. This is going to be the most expenses plan there is in most cases.

 

Plan G

With Medicare Supplement plan G there is a slight difference between this and plan F. The only difference is that with Medicare Supplement plan G you will be responsible for the Part B deductible and the monthly premium. There are no Copayments, or Coinsurance expenses. With the Plan G this plan is going to be for someone who may have a couple of health conditions but not enough to really have to be paying a lot of out pocket for it. This will be the best priced plan that there is. This plan can save you more sometimes rather than going with the plan F even though you have the Part B deductible.

 

Free Medicare Supplement Quote

Plan N

Now with Medicare Supplement plan N there are going to be some more differences between them. Starting with the deductible you will be responsible for the part B deductible just like plan G. Also with this plan depending on what state you live in you could be responsible for the Part B Excess charges. What that means is that by law your doctor can charge you 15% more of the Medicare-Approved charges. With this plan N you could have up to a $20 copay at some doctors visits, and a $50 copay at the ER if you do NOT get admitted into the hospital. This plan N is going to be for someone who either can’t afford a better plan or they just don’t go to the doctor a whole lot but want to be safe just in case.

 

What I like to tell all of my clients is that if you can somehow afford to get a Medicare Supplement plan then I would. Because we never know what the future holds for us. Something could come up any day without any notice. You wouldn’t want to be the person who ends up having cancer and then try to get on a Medicare Supplement plan and get declined do you? So I would advise everyone that your health matters take care of yourself and get good insurance to cover you just in case something comes up! YOU NEVER KNOW!

 

So if your ready to get signed up for your Medicare Supplement plan today then give me directly a call here at 1-800-Medigap! I am a licensed broker and I can look at a variety of insurance companies to see who is offering the best rate for these plans! You can reach me at 901-KORTNI8

5 More Things You Need To Know About Medicare

5 More Things You Need To Know About Medicare

Yesterday I did the 5 Things you Need to know about Medicare so today I will follow up with 5 More Things You Need To Know About Medicare. Before just settling down with Medicare you need to make sure all your bases are covered. So here are 5 More Things You Need To Know About Medicare

1. Some Medicare Advantage plans are better than others.

Medicare Advantage plans are evaluated based on criteria such as customer satisfaction and quality of care. Plans receive between one and five stars, depending on their scores. Five-star plans have the highest scores, and you can switch into a five-star plan most of the year—not just during open enrollment. Learn how the plans in your area rank here .

2. You will probably need Medigap insurance.

You can rack up some hefty out-of-pocket costs with the deductibles and copayments required under original Medicare. For instance, a 10-day hospital stay could cost you more than $12,000. A supplemental insurance policy, called Medigap, helps pay for the unpaid balance of Medicare charges. These secondary insurance polices only reimburses for charges that Medicare (the primary coverage) approved, including deductibles, copayments and coinsurance. However, you can’t use a Medigap plan to pay for Medicare Advantage plan costs.

Free Medicare Supplement Quote

3. You should check to see whether your drugs are covered.

All prescription drug plans and Medicare Advantage plans have drug formularies, which list the medications they cover. The drugs are sorted into tiers based on their cost and effectiveness. The higher the tier, the higher your copayment. To learn whether your medication is covered—and how much it will cost—contact your prescription drug plan or Medicare Advantage company. Many plans post their formularies online.

4. You have protections and rights under Medicare.

These include the right to be treated with dignity and respect at all times, to be protected from discrimination, and to have your personal and health information kept private. You can also get emergency care when and where you need it, appeal payment or coverage decisions, and file complaints if you’re unhappy with the care you receive.

5. Medicare doesn’t cover long-term care.

70% of us will need long-term care at some point. This includes help with daily activities, like bathing and cooking, as well as some medical care. Neither Medicare nor most health insurance plans, including Medigap, cover this type of care. If you’re worried about costs, check into long-term care insurance. Most people who can’t afford long-term care eventually qualify for Medicaid, government health insurance for the poor.

Free Medicare Supplement Quote

Anthem Medicare Supplemental Insurance

Anthem Medicare Supplemental Insurance

Anthem Medicare Supplemental Insurance is no different from any other insurance companies when it comes to the Medicare Supplement plans. With Anthem Insurance they only cover certain states. You can see the states that are covered here: California, Colorado, Connecticut, Georgia, Indiana, Kentucky, Maine, Missouri, New, Hampshire, Nevada, New York, Ohio, Virginia, Wisconsin.

Medicare Supplemental Plans

With Medicare Supplement plans it doesn’t matter what insurance company you go with, the plan benefits will stay the same. The only thing that can change is the price of the plans. So what you will want to do is look into who is offering the cheapest rate for their plans.

Plan A

Part A hospital Co-Insurance YES

365 Additional Hospital Reserve days YES

Benefit For Blood YES

Part B Co-Insurance YES

Hospice Co-Insurance YES

Skilled Nursing Facility Co-Insurance NO

Part A Deductible NO

Part B Deductible NO

Part B Excess NO

Foreign Travel Benefit NO

Preventive Care Co-Insurance YES

Out-Of-Pocket Limit  NONE

Plan B

Part A hospital Co-Insurance YES

365 Additional Hospital Reserve days YES

Benefit For Blood  YES

Part B Co-Insurance YES

Hospice Co-Insurance  YES

Skilled Nursing Facility Co-Insurance NO

Part A Deductible YES

Part B Deductible NO

Part B Excess NO

Foreign Travel Benefit NO

Preventive Care Co-Insurance  YES

Out-Of-Pocket Limit NONE

Plan C

Part A hospital Co-Insurance YES

365 Additional Hospital Reserve days YES

Benefit For Blood YES

Part B Co-Insurance YES

Hospice Co-Insurance YES

Skilled Nursring Facility Co-Insurance  YES

Part A Deductible YES

Part B Deductible YES

Part B Excess NO

Foreign Travel Benefit YES

Preventive Care Co-Insurance YES

Out-Of-Pocket Limit NONE

Plan D

Part A hospital Co-Insurance YES

365 Additional Hospital Reserve days YEA

Benefit For Blood YES

Part B Co-Insurance YES

Hospice Co-Insurance YES

Skilled Nursing Facility Co-Insurance YES

Part A Deductible YES

Part B Deductible  NO

Part B Excess NO

Foreign Travel Benefit YES

Preventive Care Co-Insurance YES

Out-Of-Pocket Limit NONE

Plan F

Part A hospital Co-Insurance  YES

365 Additional Hospital Reserve days YES

Benefit For Blood YES

Part B Co-Insurance YES

Hospice Co-Insurance YES

Skilled Nursing Facility Co-Insurance YES

Part A Deductible YES

Part B Deductible YES

Part B Excess YES

Foreign Travel Benefit YES

Preventive Care Co-Insurance YES

Out-Of-Pocket Limit NONE

Free Medicare Supplement Quote

Plan G

Part A hospital Co-Insurance YES

365 Additional Hospital Reserve days YES

Benefit For Blood YES

Part B Co-Insurance YES

Hospice Co-Insurance YES

Skilled Nursring Facility Co-Insurance YES

Part A Deductible YES

Part B Deductible NO

Part B Excess YES

Foreign Travel Benefit YES

Preventive Care Co-Insurance YES

Out-Of-Pocket Limit NONE

Plan K

Part A hospital Co-Insurance YES

365 Additional Hospital Reserve days YES

Benefit For Blood 50%

Part B Co-Insurance  50%

Hospice Co-Insurance  50%

Skilled Nursing Facility Co-Insurance  50%

Part A Deductible  50%

Part B Deductible NO

Part B Excess NO

Foreign Travel Benefit NO

Preventive Care Co-Insurance YES

Out-Of-Pocket Limit $4,620

Plan L

Part A hospital Co-Insurance YES

365 Additional Hospital Reserve days YES

Benefit For Blood 75%

Part B Co-Insurance 75%

Hospice Co-Insurance 75%

Skilled Nursing Facility Co-Insurance  75%

Part A Deductible 75%

Part B Deductible  NO

Part B Excess  NO

Foreign Travel Benefit YES 

Preventive Care Co-Insurance YES

Out-Of-Pocket Limit $2310

Plan M

Part A hospital Co-Insurance YES

365 Additional Hospital Reserve days YES

Benefit For Blood YES

Part B Co-Insurance YES

Hospice Co-Insurance YES

Skilled Nursing Facility Co-Insurance YES 

Part A Deductible 50%

Part B Deductible NO

Part B Excess NO

Foreign Travel Benefit YES 

Preventive Care Co-Insurance YES 

Out-Of-Pocket Limit NONE

Plan N

*THIS PLAN HAS $20 CO-PAY FOR DOCTORS VISITS AND $50 FOR ER VISITS*

Part A hospital Co-Insurance YES

365 Additional Hospital Reserve days YES

Benefit For Blood YES

Part B Co-Insurance * CO-PAYS

Hospice Co-Insurance YES

Skilled Nursing Facility Co-Insurance YES

Part A Deductible YES

Part B Deductible NO

Part B Excess NO

Foreign Travel Benefit YES

Preventive Care Co-Insurance YES

Out-Of-Pocket Limit NONE

 

If you have any questions please feel free to give me a call here at 1-800-Medigap/1-800-633-4427 or you can reach me directly at 901-KORTNI8. I am a Licensed Broker, which means I can look at multiple companies to see who is offering the cheapest rates for these plans.

Lost or Damaged Medicare card?

Lost or Damaged Medicare card?

Your red, white, and blue Medicare card is proof that you are enrolled in Original Medicare. It is the most important piece of identification you own as a Medicare beneficiary, and you will generally need your Medicare card in order to receive Medicare-covered services. Needing to replace your card? There are a few reasons someone might need or want to replace their card.

 

Reasons to get a new medicare card.

If your card is lost, stolen, or damaged you will need to get a replacement card. If you have changed your address just before your card’s expiry you’ll need to request a replacement card.Medicare will send you a new Medicare card before your card expires. your new card will be sent a month before the old one expires.

 

Free Medicare Supplement Quote

If your card expired

If your card expired more than 6 months ago, you will need to visit your local service centre to request a replacement card. You’ll need to provide identity documents, such as your drivers licence, and you may need to confirm your residency with a document such as your utility bill, rental agreement or employment contract.

How to get your replacement Medicare Card

you can replace it by calling the National Social Security Hotline at 800-772-1213. You can also apply for a new card online or go to your local Social Security office.

To get a new card, you will need to provide your

  • name as it appears on your most recent Social Security card;
  • Social Security number; and
  • date of birth.

 

Do you have more questions about Medicare or Medigap plans? Give me a call at (475) 88CARLY / (475) 882-2759.

Free Medicare Supplement Quote

Medigap Insurance and Suppelment Plans

Medigap Insurance and Suppelment Plans

Medigap-Insurance

Medigap-Insurance

 

Saying there is a lot to learn about Medigap Insurance is an understatement, but there is help, and we are here to do so. There are ten standardized plans by the government when it comes to choosing a Medigap plan. They are named by a single letter. One of the greatest parts about Medigap plans is that they don’t work in an HMO or PPO network. A doctor or hospital that accept your Medicare card by law then must take your Medigap Plan as well.

Plans

There are three plans that I would consider as the top plans. They are as follow F, G, and N. With all Medigap insurance plans, you have to go through medical underwriting. Unless you have just started Medicare or taken Part B for the first time you are in your Open Enrollment time. If you are being dropped by an Employer/Group plan or you have moved out of your advantage plan network.Then you are Guaranteed Issue. That means you would not have to go through medical underwriting.

Plan F

To start, I will go over the Plan F and what it covers. Now this plan is what I would consider as the “Cadillac Plan” if you will. Other than passing underwriting to get this plan all you will have is a monthly premium. After that, this Medigap plan will cover you 100% of all the procedures approved by medicare. That will cover all of your doctor visits and all hospital visits.

Free Medicare Supplement Quote

Plan G

The next Supplement plan is known as the Plan G. This plan is very similar to the plan F, the only difference is a once yearly Part B deductible. You will still have a monthly premium, but once you meet your deductible and pay your premium you are 100% covered for any medical treatment that is approved by medicare.

Plan N

Lastly, the plan that I would recommend is a Medigap plan N. This plan is somewhat different than the other plans I have talked about because this plan does have copayments and leaves you open to a few out of pocket expenses. Although, this type of plan can be exactly what you are looking for. This Medigap insurance plan covers your doctor and hospital visits except for up to a $20 copayment for some of your doctor visits and up to a $50 copayment to a hospital. Unless you are admitted as an inpatient into the hospital. Where when this happens you will be completely covered. There is one more out of pocket expense that this plan has. It is call “Part B Excess Charges”. This is where your doctor is allowed to charge up to 15% OVER the Medicare-Approved charges. This does leave you responsible for paying them. Although there is a handful of states that do not allow the doctors there to do so.

All of the Medigap insurance plans that I have gone over can travel across state lines, and will cover 80% of Foreign Travel emergencies. So even though you might not be near your doctor you will still have the coverage you need and are paying for. No worrying if you are in your network or not. You’ll have the coverage you deserve!

Now because Medigap plans are standardized it won’t matter what company you choose to be insured with. I do recommend Mutual of Omaha but here at 1-800medigap, we are appointed with the top rated companies that provide Medigap supplements so we can compare all the insurance plans available to you in your area. This only takes a few minutes for our agents to do for you.

If you have any questions or want some more information regarding the Medigap program please give me a call at (475) 88CARLY

Free Medicare Supplement Quote