Special needs plan is a type of Medicare advantage plan like HMO and PPO, that limits memberships to people who have a specific disease. Medicare SNPs tailor their provider choices, drug formularies, and their benefits to best meet the specific needs of the groups they serve. Example: Dual Special Needs Plan: A Medicare Advantage Plan that […]
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Medicare advantage plans are another resource to get your Medicare part A and part B coverage. They are sometimes called “MA plans” or “Part C.” They are typically offered by Medicare approved private companies. The majority of Medicare Advantage Plans have built-in prescription drug coverage. For example: If you are currently on Original Medicare (Just
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A Stand-Alone Dental Plan is a Dental coverage that Original Medicare or Medigap doesn’t cover. Although most MA carriers have built-in dental coverage, the Stand-Alone Dental Plan is suited more for people with no coverage through Medicare. However, people can still purchase a separate Dental Plan while on MA or MAPD for extra coverage.
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Prescription Drug Plans, also known as PDP or Medicare Part D are drug coverages that private insurance companies offer to eligible people. Original Medicare Part A & B and Medigap do not provide drug coverage, therefore a Stand-Alone PDP is available for purchase. However, if a person decides not to purchase a PDP and does
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Final expense is a whole life insurance coverage to specifically cover the cost associated with one’s end-of-life needs. When one passes away, they don’t want to leave their loved ones with expenses such as funeral arrangements, remaining medical bills, or legal expenses. Final Expense coverage offers peace of mind for your most loved ones. Most
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Medigap/Medicare Supplements insurance are coverages that help offset some of the medical bills that Part A and B (Original Medicare) doesn’t cover. However, Original Medicare does pay for most of the healthcare services and Medical supplies (80%), it is still up to the client to pay the remaining bills (20%). This is where Medigap/Medicare Supplements
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