Insurance Resources for Seniors

Seniors have many coverage options now, with Senior Dental, Cancer, Final Expense, Medicare Supplements, Medicare Advantage, and Prescription Drug coverage . The information below will help you familiarize yourself with your options and start making your coverage decision. Our agents specialize in the Senior Market and will be happy to assist you and explain your coverage options, to have an agent contact you, click here.

Medicare Coverage Options

Medicare health plans provide different ways to get your health care coverage in the Medicare program. The Medicare health plan that you choose affects many things like cost, benefits, doctor choice, convenience, and quality.

Medicare Supplements (also known as Medigap)

Medicare Supplement plans are standardized insurance policies that cover the “gaps” in Original Medicare, which include coinsurance, copayments, and deductibles.  Because plans are standardized, sometimes the only difference between them is the cost!  An independent agent can better help you sort out your options because they are contracted with multiple carriers.

Original Medicare describes Original Medicare as “The Original Medicare Plan pays for many health care services and supplies, but it doesn’t pay all of your health care costs. There are costs that you must pay, like coinsurance, copayments, and deductibles. These costs are called “gaps” in Medicare coverage. You might want to consider buying a Medigap policy to cover these gaps in Medicare coverage. You can also add prescription drug coverage by joining a Medicare Prescription Drug Plan.”

Medicare Advantage Plans

Medicare Advantage products include Health Maintenance Organizations (HMO), Preferred Provider Organizations (PPO), Private Fee-for-Service Plans, Medicare Special Needs Plans, and Medicare Medical Savings Account Plans (MSA).  Plan coverage options and availability vary by area, one of our agents would be happy to discuss your options with you.

Medicare Drug Plans (Part D)

Medicare Drug Plans are stand alone drug plans that can add drug coverage to Original Medicare, some Medicare Advantage plans, and Medicare Supplement plans.  Medicare Drug plans are not standardized, so it is important to match the correct plan with the specific drugs you are taking.