Every day approximately 10,000 Americans turn 65. For some this may mean retirement, but for everyone, this likely means enrollment in Medicare. Currently, there are over 65 million Americans enrolled in Medicare. Whether you’re currently enrolled, or soon will be, it’s always a good time to become Medicare savvy. As the healthcare industry continues to evolve, preparing and aligning your needs with Medicare will help you take control of your health and ensure you receive the highest quality coverage at the best price.
Medicare Suppement Insurance
Medicare Supplement Plans (also referred to as Medigap) provides coverage for services not covered by original Medicare (Parts A and B). The Medicare Supplement Plan is not designed to replace Medicare. Instead, it supplements medical coverage for things such as co-payments and coinsurance, deductibles and more. Medicare Supplemental plans are standardized by federal law, and administered by private insurance companies.
Top features include:
- Guaranteed Issue (during your Initial Enrollment Period and any Special Enrollment Periods)
- No referrals required to see a specialist
- Freedom to choose doctors and hospitals wherever Medicare is accepted
- Nationwide coverage
- Plans guaranteed renewable for life (if premiums are paid on time)
Medicare Prescription Drug Plan (Medicare Part D)
Part D Medicare Prescription Drug Plan is a stand-alone drug plan that adds prescription drug coverage to original Medicare. Medicare prescription drug covers both brand name and generic prescription drugs at participating pharmacies. You must join Medicare Part D for coverage to begin. I can assist you in navigating this coverage.
Medicare Advantage Plans
Medicare Advantage plans are health insurance plans that are approved by Medicare but run by private insurance companies. A Medicare Advantage plan replaces Medicare Part A and B by combining the benefits of both Medicare parts into one managed plan. In many cases Medicare Advantage Plans require you to pay a monthly premium in addition to the Part B premium you must continue to pay and the plan acts much the same as an HMO/PPO network plan where you must choose a primary care physician to coordinate all your healthcare access, including procedure preauthorization and referrals to see a specialist.
Farnum Health Insurance 