You want to make sure you are getting all the Medicare benefits you have earned and deserve!

Medicare Supplement Plans, also known as Medigap, is Medicare Supplement Insurance that helps fill "gaps" in Original Medicare and is sold by private companies. Original Medicare pays for much, but not all, of the cost for covered health care services and supplies. A Medicare Supplement Insurance (Medigap) policy can help pay some of the remaining health care costs, like:

• Copayments
• Coinsurance
• Deductibles

Some Medigap policies also cover services that Original Medicare doesn't cover, like medical care when you travel outside the U.S. If you have Original Medicare and you buy a Medigap policy, here's what happens:

• Medicare will pay its share of the Medicare-Approved Amount for covered health care costs.
• Then, your Medigap policy pays its share.

8 things to know about Medigap policies

1. You must have Medicare Part A and Part B.
2. A Medigap policy is different from a Medicare Advantage Plan.  Those plans are ways to get Medicare benefits, while a Medigap policy only supplements your Original Medicare benefits.
3. You pay the private insurance company a monthly premium for your Medigap policy. You pay this monthly premium in addition to the monthly Part B premium that you pay to Medicare.
4. A Medigap policy only covers one person. If you and your spouse both want Medigap coverage, you'll each have to buy separate policies.
5. You can buy a Medigap policy from any insurance company that's licensed in your state to sell one.
6. Any standardized Medigap policy is guaranteed renewable even if you have health problems. This means the insurance company can't cancel your Medigap policy as long as you pay the premium.
7. Some Medigap policies sold in the past cover prescription drugs. But, Medigap policies sold after January 1, 2006 aren't allowed to include prescription drug coverage. If you want prescription drug coverage, you can join a Medicare Prescription Drug Plan (Part D). If you buy Medigap and a Medicare drug plan from the same company, you may need to make 2 separate premium payments. Contact the company to find out how to pay your premiums.
8. It's illegal for anyone to sell you a Medigap policy if you have a Medicare Advantage Plan, unless you're switching back to Original Medicare.

Medicare Part C, also known as Medicare Advantage plans, is a contract between the federal government and a private insurance company to provide, at minimum, all of the coverage provided by Medicare Part A and Part B. Most Medicare Advantage Plans also include Medicare Part D coverage and additional benefits that Original Medicare does not cover, such as vision, hearing, dental, fitness, and more. Some plans have a zero monthly premium. Medicare Advantage Plans are approved by the Center for Medicare and Medicaid Services (CMS) and offer great value for people who want to have a low to no monthly premium and receive more benefits than provided by having Original Medicare.

Medicare Special Needs Plans

Special Needs Plans (SNP) are Medicare Advantage plans that help people who have unique financial or health care needs. If you have Medicare Part A & Part B and have a chronic condition or are eligible for Medicaid, you may qualify for a Medicare Special Needs Plan. Medicare can be confusing! Golden Age HealthPlans agents make it simple!

Medicare Part D, also known as a Medicare Prescription Drug Plan (PDP), offers prescription drug coverage, which helps pay for some Medicare-covered prescription drug costs. Customers can use the PDP plans along with Original Medicare or with a Medicare Supplement insurance plan.

If you have Medicare Part A and/or Part B, you eligible to have a prescription drug plan.

At Golden Age HealthPlans, we help you understand which Medicare option provides you the most cost-effective healthcare coverage!

There are two ways to get drug coverage –

1. Choose a stand-alone Medicare Prescription Drug Plan or
2. Choose a Medicare Advantage Plan that includes Prescription Drug coverage.

Your health is a top priority regardless of age, so Golden Age HealthPlans is here to make sure you understand your options, so you can choose the coverage plan that best meets your needs!

Original Medicare (Parts A & B) helps pay for "medically necessary" care. Medically necessary care means care that's required to diagnose or treat an illness or condition. Dental, Vision, and Hearing do not come under medically necessary and hence are not typically covered under Original Medicare (Part A and B).

Stand alone Vision and Dental plans are available to provide coverage for Dental and Vision needs that Original Medicare does not cover.

Some Medicare Advantage Plans (Part C) offer extra benefits that Original Medicare doesn’t cover - like vision, hearing, or dental.

Golden Age HealthPlans agents are trained to understand. Customer's Dental and Vision needs and can customize a plan to cover the Dental and Vision needs of the customer.

Under 65 Health Plans

If you are under 65 years of age and do not qualify for Medicare, you might be looking for Affordable Care Act insurance, also known as Obamacare. However, you do have other options, including Short Term and multiple year coverage which can offset your healthcare cost while you decide on a long term solution.

Golden Age HealthPlans can help you evaluate your options, so you can select the best coverage to meet your healthcare needs.

You do not buy life insurance for yourself but rather to protect the ones you love. Insurance is one thing you cannot get when you need it, you must plan ahead!

Ask yourself - When you die, do you:

1. Want to provide financial security to those you leave behind
2. Want to pay off your home mortgage so your loved ones don’t have to worry about how they will pay the next mortgage payment
3. Provide financial support to pay Final Expenses (up to $50,000)
4. Provide a legacy for your loved ones

If you need life insurance, for whatever reason, Golden Age HealthPlans can help you determine what life coverage (Term, Whole Life, etc.) is best to help you protect the ones you love when you are no longer available to support them. Schedule a free consultation today!