September 3, 2020

Uncategorized

Traditional Medicare alone covers 80% of your medical bills, leaving the other 20% difference an out-of-pocket expense to you.

When it comes to supplementing your Medicare plan, you have a few different options:

Medicare Supplement Plans (MediGap)Medicare Advantage Plans
Uses:Original Medicare Part A (Hospital Insurance) & Part B (Medical Insurance) as primary insurance. MediGap becomes secondary coverage to fill that 20% gap.Instead of original Medicare, you will receive Hospital and Medical insurance from a private company which doubles as both your primary AND secondary coverage.
Include Prescription Coverage?No – You MUST have minimal essential prescription coverage and will therefore need to also pick a Part D Plan.Most Plans – This is an “all-encompassing” plan comprising of parts A, B, & D.
Premiums:Yes – Known as the “Pay Up Front” system.Little to None – Known as the “Pay as You Go” system.
Co-Pays:Little to NoneYes – Anytime you use this plan, you will have a bill.
Networks:None – Can use any doctor that accepts Medicare.Yes – Only a select number of doctors accept this plan.
Other Things to Know:All carriers of this plan offer uniform benefits. Plan F with one company is EXACTLY the same as Plan F with another company. The ONLY difference is the premiums they charge.May include additional Dental, Vision and Hearing benefits.
Guaranteed renewable.Not guaranteed, changes yearly.

Watch our 2 Pathways video here:

https://info.sbsteam.net/?fbclid=IwAR2DIU-ZMsFmh5jiOZMk4oT70gKUyxDapNXE22Md8-0pQPS3pJMAcKMxiSA

We have been specializing in helping seniors transition into Medicare since 1975. Let one of our licensed specialists help make the process simple and quick for you. We can help you decide which plan makes the most sense for your needs and your budget. Our consultations are free and our agents are local.

We also have a full staff readily available to answer your calls and your questions Monday-Friday 8AM-5PM. Don’t hesitate another second to give us a call! 1-800-627-2768


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