Closing Your Medicare Coverage GapsJanuary 18, 2018
Did you recently purchase a new health care plan, or are you reevaluating your existing plan? You may have noticed by now that your Medicare plan does not cover all of your health care needs.
If you only have basic Medicare, your plan only covers hospital treatments and doctor visits. If you have Medicare Supplements, your plan covers hospital treatments, doctor visits, and copayments and deductibles. If you have Medicare Advantage, your plan probably includes additional items like prescription drug coverage, dental and vision benefits, and physical fitness incentives.
Your prescription drug coverage can also leave you in the Donut Hole!
Thankfully, we can help you close your coverage gaps. This is how:
Even if you have Medicare Advantage, your Medicare plan is missing items like final expense coverage, life insurance, and more! If you don’t have Medicare Advantage, your Medicare plan definitely does not have items like dental, vision, and hearing insurance. These are all items that you can buy separately to give yourself additional coverage!
Dental, vision, and hearing policies are a great place to start, but you’ll really want to consider your other health care needs. Are you at a high risk for a stroke or heart attack? Do you have a family history of cancer development? If so, you may want to consider adding on a cancer, heart attack, or stroke policy.
Individual hospital indemnity policies are a great way to protect yourself for the event that you need to spend a long period of time in the hospital, and final expense policies are a great way to ensure that your family does not have to shell out thousands of dollars to pay for your burial expenses and any outstanding bills at the time of your death.
Thousands of seniors who qualify for Extra Help don’t even know it! We want to help you figure out if you’re missing out on great Medicare savings. If you qualify for Extra Help, otherwise known as LIS (Low-Income Subsidies), you can get help paying for prescription drug premiums, deductibles, coinsurance, and copayments.
Additionally, you can have an SEP, or Special Enrollment Period. This means that you’ll be able to change or add a plan outside of the Annual Enrollment Period (once per quarter during the first three quarters of the year).
LIS can also help you pay for late enrollment fees and cover you when you fall into the Donut Hole (the gap we mentioned earlier). Any Medicare beneficiary who has LIS does not have to worry about the Donut Hole coverage gap!
Find more information on LIS here.
Meet An Agent
Thankfully, we can help you with all of this! Our Medicare Health Benefits agents can come directly to your home, so you don’t even have to go anywhere. We’ll send them your way so they can help you pick the best plan from the best carrier for your individual needs. Our agents can also help you apply for LIS!
To get started, set up an appointment by giving us a call at 1-844-431-1832.