Ashford Insurance is an Independent Marketing Organization working with United HealthCare Medicare Solutions.
Carrollton Medicare Plans
Medicare Insurance Made Easy
Carrollton Medicare Plans
If you are retired and have a health plan provided by your former employer, then you need to sign up for Medicare Parts A and B. Medicare is usually necessary in this case because it takes precedence over a retiree health plan. If you neglect to enroll, you could be penalized for not signing up for Medicare on time. You’ll also want to sign up for Medicare if you’re a retiree whose former employer doesn’t offer a retirement plan. Signing up for Medicare at age 65 will help you avoid late fees, delays in coverage, and lost social security benefits.
If you’re still employed and work for a company with twenty or more employees, there are a few Medicare options available for you. If you work for a large company, you may want to enroll in Medicare Part A and delay Medicare Part B. You can do this because your employee group plan acts as your primary coverage. When you have creditable employer coverage, you can delay signing up for Medicare until that coverage is gone. Many people enroll in Part A and delay Parts B and D until they retire.
Medicare Advantage and Medigap plans are two diverse types of insurance plans that can help people with Medicare cover healthcare costs that are not covered by Original Medicare (Parts A and B). Here’s an explanation of each:
1. Medicare Advantage: Medicare Advantage (MA) is a type of health insurance plan offered by private insurance companies approved by Medicare. MA Plans combine all the benefits of Original Medicare (Parts A and B) into one plan and often include additional benefits like prescription drug coverage, vision, and dental care. MA plans have an annual limit on out-of-pocket costs, which means that once you reach the limit, the plan pays for all covered services for the rest of the year. However, MA plans typically have a restricted network of providers, and you may need a referral to see a specialist.
2. Medigap: Medigap, also known as Medicare Supplement Insurance, is a type of private health insurance that helps pay for some of the costs that Original Medicare (Parts A and B) does not cover, such as deductibles, copayments, and coinsurance. Medigap plans are sold by private insurance companies and work alongside Original Medicare. Unlike MA plans, Medigap plans don’t have a restricted network of providers, and you don’t need a referral to see a specialist. Medigap plans generally have higher monthly premiums than MA plans but can offer more flexibility and predictability in healthcare costs.
In summary, Medicare Advantage (MA) plans and Medigap plans are two different types of insurance plans that can help people with Medicare cover healthcare costs that are not covered by Original Medicare. MA Plans combine all the benefits of Original Medicare into one plan and often include additional benefits, while Medigap plans work alongside Original Medicare to cover some of the out-of-pocket costs. It’s important to understand the differences between these two plans to choose the coverage that best meets your healthcare needs and budget.
The clarification you’re looking for on Medicare can be found by contacting Ashford Insurance. Call us to review your specific circumstances and what steps, if any, you need to take to avoid any future enrollment penalties with Medicare. There is no obligation, and we promise your experience with us will be pleasant and most certainly educational.
Need help? Call us for an appointment at (817) 952-3153
Ashford Insurance is an independent health insurance agency specializing in Texas Medicare insurance and has been helping seniors since 2005. Ashford Insurance is here to help you understand Medicare and health insurance in simple, plain terms that anyone can grasp. We specialize in assisting folks who are Medicare eligible to learn about the coverage options available through the Medicare Health Insurance Program.
Ashford Insurance Agents
Here is a partial list of the products offered by Ashford Insurance
* A licensed sales agent may call or e-mail as a result of completing the information to discuss Medicare Advantage, Prescription Drug Plans or Medicare Supplement Insurance.
Recent Blog Articles
Medicare, a vital federal health insurance program for seniors, plays a crucial role in providing healthcare coverage to millions of Americans aged 65 and older. While Original Medicare (Medicare Part A and Part B) offers comprehensive coverage, many beneficiaries wonder why the program can be associated with substantial costs. In this blog post, we will delve into the factors that contribute to the expenses associated with straight Medicare and shed light on the complexities of healthcare pricing within the system.