Maximize Your Medicare Insurance Benefits
The Medicare system is always changing. Accordingly, each year new Medicare Insurance plans become available to help Medicare recipients get a head of rising healthcare costs and out-of-pocket health related expenses. However, navigating through all the existing and new options can be a nightmare for anyone.
As a FREE resource, we help Medicare recipients, whether those turning 65 or those looking to lower costs while enhancing benefits, by breaking it all down and guiding them to the best decisions about their Medicare benefits.
Different Types of Medicare Insurance Plans
Medicare Advantage Plans are offered by private carriers and replace your original Medicare Parts A and B, as they are rolled into one plan. You can select between an HMO or PPO, and most plans may cover more of your healthcare costs and have additional benefits, such as prescription drug coverage. Some may have dental or vision benefits. Premiums vary based on coverage, carrier and geographical location.
Ultimately, The Best Medicare Advantage Plan Is One That Is Purchased From A Quality Carrier, Has No Or A Low Premium And Leaves You With The Least Or No Out Of Pocket Expenses.
Medicare Supplement Insurance policies complement your Original Medicare Parts A and B. They cover some, if not all, of the expenses that Part A and B do not cover, like co-pays, deductibles and other charges.
There are many different types of Medicare Supplement policies available, however they are regulated so the benefits for these various policies (known as Plan A through N), are all the same regardless of the carrier. However, premiums can vary greatly among carriers.
Ultimately, The Best Supplement Plan Is One That Is Purchased From A Quality Carrier, Has A Low Premium And Leaves You With The Least Or No Out Of Pocket Expenses.
Prescription drug coverage offered by private carriers contract with Medicare. Because premiums vary greatly, you should carefully weigh your prescription costs against all variables of these plans. Selecting the wrong plan can wind up costing you thousands. Some Medicare Advantage plans may offer prescription coverage as well.
Please note that you should sign up for Part D (even if you do not have prescriptions) when you first turn 65, as waiting may result in a costly monthly penalty added to your premium.
To sign up for original Medicare Parts A & B, along with Part D, most people will have an Initial Enrollment Period which is a 7 month period around the time they turn age 65. This period begins 3 months before the month you turn 65, includes the month you turn 65, and ends 3 months after the month you turn 65.
Once your Initial Enrollment Period is over, if you wish to change or purchase Advantage or Part D Plans, you must act during the open enrollment period.
NOTICE: Once you are eligible for Medicare, do not wait to enroll in a Medicare Part D Plan or you could end up paying a penalty every month.
Medicare Open Enrollment
October 15th thru December 7th
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Lovelace Insurance is not part of the Federal Medicare System. Lovelace Insurance is a licensed health insurance agent authorized to market Medicare Insurance Plans. This is a solicitation for insurance. Please note a sales agent may call as a result of your inquiry for a quote. The benefit information provided herein is a brief summary, not a comprehensive description of benefits. For more information contact the plan. Limitations, copayments, and restrictions may apply. Please note you have no guarantee issue.