There have been many changes in the Health and Medicare and Life Insurance industry. Since 2013 Obamacare and The Affordable Care Act has added to the confusion. It can be a difficult process to make sure that you have the right plan in place for the least amount of cost. However, Agency Advisory has licensed individuals that can assist you in finding your way through all of these changes. We provide HEALTH and LIFE insurance for the individual or for businesses.
We work directly with our carriers to bring you excellent coverage and value.
We proudly represent:
- Assurant Health
- Blue Cross
- Care Choices
- OBAMACARE (AFFORDABLE CARE ACT)
- Many others
What is Medicare ? How do I use it ?
The simple answer is, it’s government-sponsored healthcare for seniors and the disabled.
First created in 1965, Medicare was designed to provide medical coverage to people on Social Security. It’s often confused with Medicaid, which was created to provide medical care for those in poverty. But they’re not the same thing.
Medicare works a lot like health insurance, except the government is the one reimbursing doctors and hospitals, not a private insurance company.
You become eligible for Medicare when you turn 65, if you’re medically disabled before age 65, or if you have permanent kidney failure requiring dialysis or a transplant.
Medicare is divided into several parts simply known as Part A, Part B, Part C and Part D.
Medicare Part A
Medicare Part A is similar to health insurance that covers you against hospitalization due to catastrophic events. It can also help cover a skilled nursing facility, hospice and home healthcare if certain conditions are met.
Medicare Part B
Medicare Part B provides coverage for medically necessary services such as outpatient caret and doctor’s services. Part B also helps cover some preventive services to help maintain your health and to keep certain illnesses from getting worse.
Medicare Part C
Medicare Part C, otherwise known as a Medicare Advantage Plan, is another way to get benefits. It combines Part A, Part B and sometimes Part D coverage and is managed by private insurance companies approved by Medicare. These plans must cover medically necessary services.
Part C is more cost effective and often offers better benefits than having Part A and Part B together, even if you supplement A and B with additional coverage. However, plans can charge different copays, co-insurance or deductibles for the services they offer.
Medicare Part D
Medicare Part D provides prescription drug coverage. This coverage may help lower prescription drug costs and help protect against higher costs in the future.
Summary of Medicare Part A, Part B, Part C, and Part D
Medicare is managed by the Federal Government. Part A provides coverage for hospital stays and emergency care, Part B covers doctor’s visits and routine health procedures.
Medicare Part C, also called a Medicare Advantage Plan, is like an HMO or PPO that is approved by Medicare and run by private companies. It combines the benefits of Parts A and B, and also gives you the option of adding Part D coverage if it is not already included.
Part D helps lower your prescription drug costs, and you are usually charged a fee for each healthcare service or supply you get.
Let us help you navigate the various Medicare plans. The cost for Medicare coverage is exactly the same whether you try to go online yourself or allow us to help you. Why play the guessing game?
Click here (link to contact page) to contact one of our Medicare advisors today.
When do you need Life Insurance ?
- Your family relies on your paycheck.
- You’re a stay-at-home parent who provides child care and other valuable family support.
- You’re an empty nester who wants to maintain your current lifestyle for your surviving spouse.
- You want to leave a legacy to loved ones or charity.
- You own a business and want to ensure its continuity or protect those employees most vital to your business.
Term Life Insurance
Term life insurance provides protection for a limited period of time. It’s the most cost efficient form of life insurance.
Permanent Life Insurance
Permanent life insurance provides protection for your entire lifetime.