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.
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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
Medigap Plan A — not to be confused with Medicare Part A — refers to coverage that helps pay for out-of-pocket expenses from Medicare Parts A and B.
Medigap Plan A is also known as Medicare Supplement Insurance Plan A.
Plan A is the simplest of the 10 Medigap plans, covering the fewest benefits. However, it covers 100% of the following:
Medigap Plan A policyholders are liable for their Medicare Part A and Part B deductibles. They also have to pay for Part B excess charges, skilled nursing facility care coinsurance, and foreign travel emergency costs. Other Medigap plans may cover these five categories.
If you don’t want to pay expensive premiums for benefits you might never use, consider Plan A. However, Plan A coverage can result in higher out-of-pocket expenses if you need an uncovered category.
If a disability allows you to qualify for Medicare before you turn 65, Medicare Supplement Insurance Plan A is available in some states. You can buy Plan A during the open enrollment period without underwriting.
But people under 65 usually have to pay more for this plan because disabilities can lead to higher medical bills. So, if you’re eligible for Medicare because of a disability, consider choosing a Medicare Advantage Plan instead. Medicare Advantage plans have the same price for everyone regardless of your age, gender, or even disability.
If you have Medigap questions or would like to schedule an appointment, call us at (316) 260-3331.