Top 10 Medicare Fillers by 1-800-MEDIGAP
Medicare Advantage Gap Insurance
This type of insurance is purchased through a life insurance company that offers gap coverage for the holes inside of Medicare part a and Medicare part B, you purchase it as a standalone plan from a private insurance company to help offset your out-of-pocket expenses. These plans can be purchased along side Medicare supplements, and Medicare advantage plans and pay things that traditional medicare. Plans may not have benefits for, like hotel, yardwork… You can use the funds from these types of plans for anything you need in the event you have a reason to collect a payment from the insurance company directly. >> GET INSTANT QUOTES
There are over 100 insurance companies in the United States that offer one of the standardized a Medicare supplement plans to individuals turning 65 or already on Medicare part a and part B. You must qualify medically for these plans unless you are in the open enrollment. Which is triggered by the start date of your Medicare part B. These plans typically are called by the letter of the standardization name, like Medicare supplement plan F, Medicare supplement plan N.
These types of plans typically have a higher monthly premium than many of the plans on the market but over the lifetime of the ownership will typically provide with a lower total overall cost of ownership or care in the event utilization occurs which is in most cases! You would purchase these types of plans from companies like mutual of Omaha, individual insurance company, Blue Cross Blue Shield, CIGNA, Humana…… The list goes on and on with new carrier is coming to the market every year! >> GET INSTANT QUOTES
Prescription Drug Plans (PDP) or RX Plans
Medicare drug dealers like Medicare part C and standalone a prescription drug plans are often purchased in conjunction with a Medicare filler that does not include drug benefits or coverage for the donut hole as many people may call it… Medicare plan C is the standalone version of the prescription drug program for people looking to provide themselves with coverage outside of what Medicare part a and part B. May not cover. These plans typically run from zero dollars a month to $150 a month depending on the richness of benefits, the state you live in, and they carry or you choose to provide you with the prescription benefits. Many insurance companies carry RX plans, and some specialize in these types of plans like silver script. >> GET INSTANT QUOTES
Medicare part a and Medicare part B are part of a government program that covers individuals that qualify for a portion of their hospital, medical benefits however the government has opted to work with private insurance companies known as Medicare advantage plans where the insurance company takes and manages the entire consumer risk in exchange for payment from the government to the insurance company where as the insurance company creates a plan that meets the minimum requirements by law mandated by the federal government and then chooses to either charge or not charge an additional premium for ad on benefits if they choose to include add on benefits to the plan… But because insurance companies are focused on being profitable insurance companies they typically do a better job at managing cost containment, expenses, overhead… Therefore allowing them to often times give more benefits for the same amount of money or just a few dollars more and provide added benefits however most of these types of plans do come with some out-of-pocket exposure that you won’t want to understand and include when you’re calculating your overall cost of care for your lifetime. >> GET INSTANT QUOTES
Many people don’t understand what a Medigap annuity is however they are very wise options for individuals who are healthy and or willing to participate in managing their overall cost of care. What must do is purchase a high deductible plan for catastrophic exposure, and then over to find an annuity plan with personal dollars so in the event there are out-of-pocket expenses you tap into your annuity to pay those out-of-pocket expenses… The beauty of in a Medigap annuity is if you stay healthy and you do not utilize the dollars in your annuity that money is yours and Steve’s yours and most often will collect interest allowing you to manage your overall cost of healthcare and in some cases do much better financially.
The risk is more sweat equity, where as you’re going to have to do some management of your own expenses and bill paying but in the long run many people have found that they can reduce the overall total cost of healthcare significantly. >> GET INSTANT QUOTES
Medicare Hybrid fractional self insurance with a high deductible Medigap plan
The hybrid is basically a Medigap annuity plus a MedicareSupplements F high deductible so you minimize your out-of-pocket expenses while taking some control of your overall health care… Giving you an essence the best of both worlds. Some insurance companies actually offer of the Medigap F hide adoptable along with a Medigap annuity combo to make it easier for consumers to leverage this Medicare filler strategy. >> GET INSTANT QUOTES
If you’re healthy, why give the insurance company more than you need to? >> GET INSTANT QUOTES
Medicare only with savings account for pay-as-you-go.
Choosing to fill the gap and Medicare with the pay-as-you-go strategy is often times the easiest in the beginning until you get to a point where you’re maxing your out-of-pocket every year and realize you wished you would’ve picked up a MedicareSupplements or another Medicare filler that would have been available to you while you were healthy so just beware that once you become medically in eligible meaning you cannot meet the Medical underwriting guidelines set forth by the insurance companies, you may wished you would’ve purchased one while you were healthy. >> GET INSTANT QUOTES
Medicare Group Retirement Benefits
Retirees today from large corporations and older corporations may have the benefit of group insurance that includes Medicare filler or some type of supplement to help offset the Medicare part a Medicare part B holes experience by their retired employees. Many of the rules are set forth by the group plan, so make sure you understand the triggers and the timing for when you retire as well as the benefits a lot it to you. Many companies now do not offer Medicare fillers as part of their group benefits, as they are getting away with many of their benefits the Medicare benefits are definitely some of the most expensive because the utilization is significantly higher as individuals get older, so those big companies that self-insure really look hard at retirement benefits and post retirement benefits.you can typically purchase individual plans like the Medicare advantage gap planet to help offset expenses not covered by your group benefits! >> GET INSTANT QUOTES
Military Medicare retirement program
Depending on your position and branch of service you are provided with retirement benefits for your service, you will need to connect with your appropriate organization to find the exact benefits however you typically cannot have a MedicareSupplements, or Medicare advantage plan if you qualify for military benefits and utilize them. Good news is there are benefits available, often times we here however that because you have to use that works and providers that are within their scope of agreement that the wait times and or even scheduling for services might be a little bit longer than you may experience if you had a Medicare supplement, or Medicare advantage on the private market. >> GET INSTANT QUOTES
Government employee retirement Medicare benefit supplemental’s
Many government positions have retirement benefits along with post retirement benefits that include some sort of Medicare filler or provide with a monthly stipend to allow for the retiree to purchase additional retirement benefits when they qualify. Please check with your governmental agency to determine what benefits you qualify for, and speak with a professional regarding optional benefits.
No matter what plan you choose, it is critical that you understand the process and the timing because there are instances where if you miss a timing window there is no alternative and you may lose thousands of dollars in benefits and cost yourself a significant amount of money over the lifetime of your health care. >> GET INSTANT QUOTES
Special medicare filler notice!
Obamacare, and ACA have put in place a skin in the game approach, meaning individuals need to be out of pocket more than before which is forcing the most popular Medicare supplement plan, the Medicare supplement plan F to be dismantled by 2020.
Medicare supplement plan and will probably become the number one selling Medicare supplement once the Medicare supplement plan F is removed from the standardized list of plans because it is the closest thing to the Medicare supplement plan in with the richest benefits and requires the least out-of-pocket exposure in most cases. >> GET INSTANT QUOTES
Finding the correct Medicare filler may be a process however there are groups and organizations available to help you through this confusing time, we have provided a list of resources below to help you in this process! >> GET INSTANT QUOTES