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 D is supplementary insurance that fills some gaps in coverage left by Original Medicare.
This plan includes more coverage than Plans A and B, but doesn’t offer the extra benefits covered by Plan C and Plan F.
Medigap Plan D differs from Medicare Part D (prescription drug coverage), though their names are similar. Remember that Medigap plans don’t cover prescription drugs.
Plan D’s amount of coverage falls in the middle of the pack, providing these benefits:
Unlike some other plans, Plan D doesn’t cover Medicare Part B deductible or Part B excess charges. Medicare Part B excess charges may ensue if a doctor charges you above what Medicare will pay for the service. When you subtract the Medicare-approved amount from what your doctor charges, you have the “excess charge.”
Physicians who don’t accept assignments are permitted to charge up to 15% over the Medicare-approved amount. It’s usually your responsibility to pay these charges out of pocket. While Plan D doesn’t cover excess charges, Plans F and G do cover them.
Keep in mind that not all insurance carriers may sell Plan D, and availability might depend on your location.
At Cornerstone Senior Advisors, we help many clients compare the benefits of Medigap Plan D to other Medigap options. If you have any questions about Medigap Plan D or other Medicare Supplement policies, call (316) 260-3331. A licensed insurance agent can help you identify coverage solutions that could work for your particular needs.