Your time is up as of Dec. 7 to get a new Medicare Advantage program or convert to a lower cost one. However, you can still lower your Medicare Supplemental Insurance costs by speaking with a licensed Health Insurance professional. Twenty insurance companies in New Jersey are offering MedSupp’s from Plan F to Plan N, including High Deductible “F” that will lower your Medicare Advantage program and you can see any doctor that takes the RED, White, and Blue Medicare card. NO Exclusions!
If you are paying more than $100 per month for your premium and visit your Medicare professionals less than once per month, you should be able to save a lot of your out-of-pocket dollars each year.
If your premium has a deductible for over $2,200 per year, you too can save money. If you are healthy and really do not see a medical professional frequently, then see a licensed health insurance professional who can show you different plans from other than the companies that advertise on TV, Radio, in the mail and in print, and drive their rates, your premiums to a point where you do not get the values from the insurance company that you deserve.
Don’t overpay! I have seen people who purchase a MedSup plan for $225 per month ($2,700 per year) and see their doctors eight times per year with $20 out of pocket co pays. That totals $2,860. Does that make sense when there are many other MedSupp companies that are offering premiums as low as around $700 per year and 20 percent co-pays? Do the math. ($2,700 – $860)
Once you receive Part A, because you turned 65, and purchase Part B, now that you are not being covered by an employer, it’s time to look at what a MedSupp/Donut hole program could do for you. After you pay the initial $186 annual deductible this year to Medicare, you will be responsible for the potentially thousands of dollars for medical coverage that Medicare does not cover. Can you afford that?
Look into a Medicare Supplemental program, NOT sponsored by those companies that advertise on radio, TV, in magazines or the US Mail. Why? Because they spend MONEY for advertising and not on lowering their MedSupp Premium. Remember, hospitals, doctors and even the insurance company itself can drop a Medicare Advantage program whenever it wants to and the policy holder is left out in the cold. If that be the case, they would need to apply and fill out a new medical questionnaire, etc., and if you got sick before the renewal, they might not approve the new policy. Remember, purchase a guaranteed renewal policy from a A+ rated insurance company with customer service right here in the USA. Good luck.
Original Date: Dec 5 2017
Original Author: Paul Onish