The Medicare Zone

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Medicare Annual Enrollment is coming soon!

If you are considering leaving your employer group plan, and enrolling in a Medicare plan instead, give me a call and I will help you compare your options. There are many moving parts to Medicare enrollment, and I can help you understand the process and the timeline for getting it all done on time. I'll also give you ideas for working through a cost comparison to your employer plan. Here are the top three issues I will ask you about:

1 - Your prescription costs.. Be sure you compare prices, especially if you take multiple drugs and/or if you pay high co-pay for your current meds.

2 - Whether or not you are a higher earner. (Gross income over $109,000 filing single ($218,000 filing joint.) The cost of going on Medicare can be significantly higher if you are a high earner. Social Security communicates with the IRS to determine your Part B premium, based on your reported Modified Adjusted Gross Income.

3 - If you have potentially high medical costs in your near future. For example, surgery on most employer plans is 20% co-pay, whereas most Medicare plans would offer a lower cost for surgical procedures.

There are other factors as well, but these are the top 3 areas to consider, some areas lean toward Medicare being the lower cost choice, and some to the employer plan having the lower cost.

What about Long-term Care? Is that covered by Medicare?

Some coverage is provided by Medicare if a person is admitted to a Skilled Nursing Care Facility or Rehabilitation Care following a 3 day hospital stay. The majority of long term care is not covered by Medicare.

While you are in the planning mode, pre-retirement is a good time to consider purchasing a long-term care plan. See my website for long-term care and other retirement products:

www.LTCcomparenow.com

602-769-9280

Questions about Medicare?

Whether you are just learning about Medicare, or interested in changing your Medicare plan, an independent broker can help you sort through your coverage options and explain the timeframes for enrollment.

You will be learning

· Original Medicare

· Medicare Advantage

· Medicare Supplement

· Medicare Prescription Drug

Original Medicare is a program through the US government. It includes Part A and Part B. Part A covers inpatient hospital coverage, skilled nursing, and hospice, as well as other services in specific situations. Part B covers doctor visits, durable medical equipment, and other outpatient care. There is no cap on out-of-pocket costs with original Medicare. That financial exposure is the main reason many choose to look to private plans offered by insurance companies to work alongside their Medicare. An insurance broker can help you understand the timeline for enrollment, the different types of plans available, and help you enroll in a plan.

Information on this site from www.medicare.gov

How I can help: If you are Medicare eligible, and especially if you are soon to be leaving an employer group plan, you have several options and deadlines to consider. As an independent broker I can help you reign in all that information for a successful transition into Medicare. Even if you are several months away from being Medicare eligible, please feel free to give me a call with no obligation to discuss what you need to do to prepare.

Everyone should be able to understand their Medicare Options . . . and there is no added cost for using the services of a Medicare Independent Insurance Broker.

Third Party Marketing Organization Disclaimer: We do not offer every plan available in your area. Currently we represent 8 organizations which offer 83 plans in Arizona, Colorado, California, Michigan, Ohia, Texas and Alaska. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov (1-800-MEDICARE), or your State Insurance Assistance Program to get information on all your options.

Evan Jellesma - Licensed Agent

Helping people easily transition into RETIREMENT

Affordable Health Insurance Plans

Click here for information and to enroll!

Questions about Medicare?

CONTACT US TO SPEAK WITH A LICENSED AGENT 602-769-9280

Helping people easily transition into RETIREMENT

Affordable Health Insurance Plans

Click here for information and to enroll!

Questions about Medicare?

CONTACT US TO SPEAK WITH A LICENSED AGENT 602-769-9280

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