Money Talks....

Welcome to this issue of Money Talks….Today we are going to dive into Original Medicare and Medicare Supplements.  For those who will be turning 65 this year there are some important facts to consider when choosing what to do with Medicare.  Medicare pays a portion of your health care costs for hospitalization, skilled nursing, facility care and physician’s services and supplies.  However, it does not pay all the expenses and requires you to pay deductibles and coinsurance for many services.  A Medicare supplement insurance policy can help pay some of the remaining expenses after Medicare pays its approved share.   Here are 4 reasons to choose a Medicare Supplement.

#1 Low Out-Of-Pocket costs: Every year, your Medicare Supplement insurance policy benefits coordinate with Medicare benefits to help you meet your eligible health care expenses, depending on the plan you choose. What’s more you can be sure your benefits won’t decrease.

#2 Choose Your Doctors and Hospitals That Accept Medicare Patients: With your Medicare supplement insurance policy, you alone select all your health care providers to use whenever and wherever you choose.  You don’t have to worry about your doctor or hospital leaving a provider network at any time.  And, you never need a referral to see a specialist.

#3 Coverage Is Guaranteed Renewable: Your Medicare supplement insurance policy cannot be cancelled.  It will be renewed al long as you pay the premiums on time and make no material misrepresentations, premiums are subject to change.

#4 Your Coverage Goes With You:  Just like Medicare, your Medicare supplement insurance covers your health care needs anywhere in the United states.  Some Medicare supplement insurance plans even provide limited medically necessary emergency care outside the country.  That way, you can confidently travel or live part of the year anywhere you choose.

For those who are turning 65 this year, initial open enrollment starts 3 months before you turn 65 and ending 3 months after you turn 65.  Contact us today to discuss your options.

Until Next Time,

Diane