How to determine which Medicare plan is right for you!
When it comes to choosing a Medicare plan, you have several choices. This is a good thing
Medicare is a national health insurance program for folks who are 65 or older, certain younger people with disabilities, and those with end-stage renal disease.
If you’re turning 65 soon, you’ll have some critical healthcare decisions to make.
Known as Medigap Plans, Medicare Supplement Plans fill in the “gaps” of medical costs that aren’t covered by Original Medicare, such as coinsurance, copayments, and deductibles.
Medicare Advantage Plans, or Medicare Part C, can be used to substitute Medicare Part A and B, as well as offer prescription drug coverage.
Medicare Part D is coverage for prescription drugs that you get from a retail pharmacy. With this program, you can access medications at more affordable rates. Plus, it provides insurance against unfavorable drug costs.
It can be challenging to figure out which Medicare plan will fit your budget and healthcare needs. However, our agents specialize in Medicare, and we want to help you compare your options. Regardless of your budget, there’s a plan available for you!
Annuities are essentially financial cushions that help alleviate financial concerns. An individual will pay an insurer a certain amount of money, and in return, the insurer will pay the individual back with a lump sum or through payments at a later date.
Medicare can be confusing and overwhelming. At Cornerstone Senior Advisors, we walk people through the process of Medicare every day to find the right plan at the right price.
At Cornerstone Senior Advisors, we specialize in helping you find the best Medicare supplement for YOUR needs. If you have a question, comment, or concern, we want to hear from you!
There are a few ways to get in touch. You can fill out the contact form, send us an email, or call our office.
As independent insurance agents, we have acquired an abundance of knowledge, and we’re eager to share this expertise with you in the form of articles and blog posts.
The Cornerstone blog covers a wide range of topics — from Medicare Advantage news to retirement planning tips, and much more.
When it comes to choosing a Medicare plan, you have several choices. This is a good thing
A Medicare PPO plan is a kind of Medicare Advantage plan that you can enroll in as a private alternative to Original Medicare. The name Medicare PPO stands for Preferred Provider Organization. It means that the insurance carrier has a network of health providers that will coordinate your care at negotiated contract rates.
Our licensed Medicare agents are here to inform you about each Medicare Advantage plan so you can decide what is suitable for you.
In a Medicare PPO, you’ll normally pay lower copays if you visit providers that are in the network. Usually, you’re not required to select a primary care physician or get referrals to visit specialists. But each plan has its own set of rules, so be sure to check the summary of benefits before you enroll.
A PPO is required to provide your Original Medicare benefits to you under the plan. Also, the plan must include an out-of-pocket maximum limit on your spending. This ceiling protects you against fateful spending during a year when you’re enduring unusually hefty medical expenses.
In 2020, the most that any Medicare Advantage plan can post as your out of pocket max is $6,700 per calendar year. So, at worst you’d pay that $6,700 out-of-pocket on hospital and outpatient costs.
When you join a Medicare PPO plan, you may have the following types of expenses:
Each plan will summarize its particular set of benefits and copays in the Summary of Benefits page. An insurance agent at Cornerstone Senior Advisors can discuss this with you.
If you’re new to Medicare, you may wonder which is better — Medicare supplements or Medicare Advantage plans like PPOs? It comes down to your personal preferences.
Medicare supplements, aka Medigap plans, pay after Medicare and leave you with a sliver of out-of-pocket costs. You won’t even have a doctor copay most of the time! But, they’re normally pricier than Medicare PPO plans.
On the other hand, Medicare PPO plans will normally have lower premiums. But you consent to use a network of doctors to obtain the best copays. You’ll pay as you go, so there will be copays acquired from you at the time of each service. This includes lab-work, surgeries, doctor visits, hospital stays, durable medical equipment, etc. Some folks are okay with this because they favor a lower monthly premium. It’s totally up to you.
Yes. You must be enrolled in both Parts A and B and reside in the plan’s service area to be eligible for a Medicare Advantage PPO plan.
Choosing a plan can be complicated. It’s critical to ensure that you’ll have access to the healthcare providers and medications that you need. We’re a licensed agency that specializes in Medicare plans, and we can perform this research for you free of charge.
After you enroll through us, we’ll assist you when you have questions about how your benefits will cover certain services or claims. Call Cornerstone Senior Advisors to determine whether a Medicare PPO plan would be sufficient for you. You can reach us at (316) 260-3331!