A Medigap (Medicare Supplement) policy covers what Original Medicare does not. With a Medigap policy (plan G or plan N) you have 100% coverage for hospitalization and 100% coverage for doctors’ expenses after meeting the minimum annual deductible established by the government.
Medicare Advantage plans are health care options that are part of the Medicare program. By paying their Part B premium, a beneficiary becomes eligible for Medicare Advantage plans. Many times consumers receive additional benefits that are not covered by Original Medicare.
Medicare Part D, also called the Medicare prescription drug benefit, is a U.S. federal government program to subsidize prescription drug costs and prescription drug insurance premiums for Medicare beneficiaries.
Hospital indemnity benefits cover any bill or liability due to hospitalization and are paid directly to the client to provide an immediate benefit and decrease financial stress.
Dental insurance provides benefits for services such as preventive care, routine checkups, crowns, and implants. Customers can take advantage of these services and discounted services with a network provider of more than 200,000 accredited dental participants.
Final expense insurance, also known as whole life insurance, is a policy that can provide coverage up to $40,000 where your beneficiary would receive the money upon the death of the policy owner. The beneficiary is then responsible for using the money to carry out the insured’s wishes.
Long-term care insurance provides additional coverage for medical and non-medical services. Unlike Medicare, LTC helps pay for costs associated with activities of daily living that are generally provided in a patient’s home, a nursing home, or an assisted living facility.
Annuities provide a guarantee of a “lifetime income” for your clients. After they have paid into the annuity over a period of time, they will begin to receive regular payments that will be a steady stream of income to supplement their Social Security.
We do not offer every plan available in your area. Currently we represent at least 4 organizations which offer at least 10 products in your area. Please contact Medicare.gov, 1-800-MEDICARE, or your local State Health Insurance Program (SHIP) to get information on all of your options.
Plans are insured or covered by a Medicare Advantage organization with a Medicare contract and/or a Medicare-approved Part D sponsor. Enrollment in the plan depends on the plan’s contract renewal with Medicare.
DISCLAIMER: Learning Medicare is a channel created for educational purposes. Walter Bernuy does not work for the government, Social Security, CMS or any federal department. NPN available. Walter Bernuy does not represent the interest of any insurance company. If supporters are interested in discussing issues related to their specific situation, they can call 800-560-9169.
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