MEDICARE INSURANCE FOR SENIORS
Medicare Advantage (Part C)
A Medicare Advantage Plan (like an HMO or PPO) is another Medicare health plan choice you may have as part of Medicare. Medicare Advantage Plans (Part C) or “MA Plans,” are offered by private companies and are required by Medicare to have benefits at least as good as Medicare and approved by Medicare. If you join a Medicare Advantage Plan, the plan will provide all of your Part A (Hospital Insurance) and Part B (Medical Insurance) coverage.
To qualify for a Medicare Advantage Plan, you must have Part A and Part B of Medicare and live in the service area of the Medicare Advantage company you choose. Medicare Advantage Plans may offer extra coverage, such as vision, hearing, dental, and/or health and wellness programs.
Medicare pays a fixed amount for your care every month to the companies offering Medicare Advantage Plans. These companies must follow rules set by Medicare. However, each Medicare Advantage Plan can charge different out-of-pocket costs and have different rules for how you get services (like whether you need a referral to see a specialist or if you have to go to certain doctors, facilities, or suppliers that belong to the plan for non-emergency or non-urgent care). These rules can change each year. It is important that you speak with an NIBC representative in your area that is certified with several different Medicare Advantage Plans because of the different out-of-pocket costs. Not all plans may be available in your area.
These plans can be changed every year and any changes must be disclosed before the AEP (Annual Enrollment Period), so having an agent to help you find the best plan each year is critical
Medicare Supplement Insurance Plans
Medicare Supplement Insurance Plans are standardized by the Center for Medicare Services, which means all insurance companies that sell supplemental insurance must offer the same exact plans and benefits. The insurance companies cannot change the benefits of Medicare Supplement Plans, nor can they offer additional benefits for supplemental insurance. There can be a huge difference in the monthly premiums insurance companies charge for the exact same Medicare Supplement Insurance Plans, which is why it is extremely important to get quotes from every company. Medicare Supplement Quotes are extremely important for people who are just turning 65 or enrolling in Medicare and supplemental insurance for the first time. There are several methods people use to get Medicare Supplement Quotes, but the easiest and most effective way to get supplemental insurance information is to contact an insurance broker (like NIBC) who specializes in Medicare Supplemental Insurance. We will be able to give you a Medicare Supplement Quote from multiple insurance companies and can provide valuable insight into upcoming changes that may affect Medicare Supplement Plans as well as your current supplemental insurance policy.
Medicare Supplemental Insurance Plans provide peace of mind to seniors who want access to high-quality healthcare. This specific type of supplemental health insurance covers the gaps between what original Medicare pays and the amount doctors and hospitals charge for their services. The Medicare Supplemental Insurance landscape is constantly changing, which makes the process of selecting the best Medicare Supplement Insurance Plan extremely challenging. A good Medicare Supplemental Insurance Plan will lower or eliminate your out-of-pocket expenses and enable you to see the doctors and hospitals of your choice.
Medicare Supplement Plan F is the most popular and the most comprehensive Medicare Supplement Insurance Plan. This plan covers the Medicare Part A and Part B deductibles, as well as the 20% co-insurance original Medicare does not pay. Medicare recipients who want the most coverage purchase Medicare Supplement Plan F because it offers the most comprehensive coverage. Keep in mind this supplemental insurance plan is standardized by the Center for Medicare Services, which means all insurance companies who offer supplemental insurance must offer the same exact benefits.
Medicare Insurance Carriers:
- Aetna / ACI (American Continental)
- Aetna / AHLIC (Aetna Health Life Company)
- Aetna / Coventry
- Anthem – BlueCross BlueShield
- AR BlueCross and BlueShield
- Bankers Fidelity
- BlueCross and BlueShield of Tennessee
- BlueCross and BlueShield Texas
- Central United Life
- Cigna / ARLIC (American Retirement Life Insurance Company)
- Cigna / HealthSpring
- CLI (Continental Life Insurance)
- Companion Life
- CSI (Central States Indemnity)
- Gerber Life
- GTL (Guarantee Trust Life)
- Manhattan Life
- Mutual of Omaha
- National Guardian Life
- QualChoice Health
- TransAmerica Premier Life
- Tribute Health
- United Healthcare / AARP / Care Improvement Plus
- WellCare – Click Here