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
Whether you’re a newly eligible Medicare beneficiary or a previously enrolled beneficiary, you’ll be able to get a High Deductible Plan G.
This new plan will be similar to the High Deductible Plan F, but it won’t cover your Part B deductible.
To best understand your coverage, look at Medigap Plan G and think of that as the parent plan for a High Deductible Plan G.
In summary, Plan G covers your whole share of medical benefits that are left behind after Original Medicare has paid its share — except for the Part B deductible.
After you meet your annual deductible, your coverage is equal to Medigap Plan G:
The answer depends on your financial situation. Due to the large deductible, this plan may not be our first suggestion. However, in certain situations, it can be a better option than the substitute of Original Medicare alone.
These plans typically work for frugal consumers who:
High deductible plans usually involve low premiums. That’s the exchange.
So, would a lower monthly premium suit your budget better even if you know you could be spending an extra $2,340 out-of-pocket? Or, do you prefer to pay a higher monthly premium and not have to pay out-of-pocket expenses throughout the year?
Before you enroll in a high deductible plan, do some research to understand what you’re getting into before making a selection.
Not every insurance carrier is required to offer this plan, and premium prices will deviate among the ones who do. You can relax knowing the brokers at Cornerstone Senior Advisors will become familiar with your situation and give you their best advice for coverage. Call (316) 260-3331 to discuss your options with a licensed Medicare agent.