Health Insurance is intended to protect families and individuals from catastrophic loss and also guarantee access to doctors and hospitals. Insurance is based on a legal theory of "risk pools" that originated as a way for small investors to participate in the building of the first wooden sailing ships. In the early days four out of five ships never returned but when your ship came in it could make you fabulously wealthy. While you aren't going to get rich buying health insurance, the contracts provide crucial guarantees to getting access to our health care system. Many people rightfully question whether this is the best method for delivering health care. For many it really isn't. My role is to help you determine which plans will save you the most money on an annual basis while maintaining continuity of care.
Medicare Supplement policies let you retain Original Medicare while covering costs not paid by Medicare, such as co-pays and deductibles for health care services and hospitalization. You can see any doctor that accepts Medicare and there are usually few if any out-of-pocket expenses. Prescription drug coverage must be purchased separately.
Medicare Advantage plans are a Medicare replacement option that are part of the Medicare program. Medicare Advantage is insurance offered by a private insurer that has a contract with Medicare. As a contractor insurance companies and agents have to follow certain rules designed to provide consumer type protections when helping a beneficiary enroll in coverage.
Coverage may include Medicare Part D prescription drug coverage as well as hospital, doctor, skilled nursing, and other medical services. Coverage is generally considered to be better than Original Medicare, especially since all Medicare Advantage plans put an absolute limit on how much you can pay in Medicare covered costs each year, something Original Medicare doesn't do.
Premiums are usually lower than Medicare Supplements but typically have higher cost sharing.
Medicare marketing regulations for the Medicare Advantage program state that you are "locked in" to plans during the annual enrollment period and can only add, change or leave most plans with most carriers under certain circumstances. Call for more information. You can make any change you want to any Medicare program insurance during the Annual Election Period every year. I can easily switch you from plan to plan when needed.
Medicare Part D is the federal government's prescription drug program that covers both brand-name and generic prescription drugs at participating Medicare approved pharmacies. Prescription drug coverage is part of the Medicare Advantage program and as such is considered part of the Medicare program and is subject to the same marketing regulations.
Dental Insurance can be an important complement to any health insurance plan. We offer simple and flexible dental plans available to individuals from 18 years old and beyond. Unfortunately, most people will not find a great benefit in purchasing the limited coverage available under individual dental plans but some do. Visit this page to see some prices and benefits.
There are many types of travel insurance and choosing the right plan can be confusing. Becoming familiar with the basic types of plans and the specialized terms will make it easier to compare plans. Your most economical choice for standard traveling is emergency evacuation coverage. You also might need health insurance for trips over sixty days or away from U.S. border areas if you are on Medicare.