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Medicare Planning

Medicare Consulting Services

No matter what your income level, you’ll still need health insurance when you’re over 65. Fortunately, Medicare is designed to provide health insurance coverage during your retirement years. What many people don’t realize, however, is that not all Medicare plans are created equal. When you enroll, you’ll need to decide whether you want Original Medicare (Parts A and B) or a Medicare Advantage Plan (Part C). If you choose Original Medicare, you’ll also need to determine if you need a supplement plan.

 

You don’t have to make these decisions alone. A Medicare consultant at Americans for Life Financial Services can discuss your options and help you make the best decision based on your lifestyle and medical history. If you’re considering a Medicare Advantage Plan, we’ll help you make a comparison between different private insurers so that you can select the most financially prudent option. Make our Medicare advisory services part of your due diligence so that you can enjoy a comfortable retirement.

What Are the Different Parts of Medicare?

The first step towards a Medicare planning solution is understanding what Medicare covers. The first two parts of Medicare, A and B, are administered by the federal government.

  • Part A covers medically-necessary hospital care, as well as home health, skilled nursing facility, and hospice care. This coverage will be free to you if you have paid Social Security taxes for at least ten years. If you have not, you will pay a monthly premium.
  • Part B covers preventive care, medical equipment, lab testing, and most other medically-necessary doctors’ services. You will pay a monthly premium for this coverage, regardless of the length of time you’ve paid Social Security taxes.

Parts A and B are considered Original Medicare. If you decide to get your Medicare benefits through a private health insurance company, you’ll need Medicare Part C, also known as a Medicare Advantage Plan.

  • Part C offers the same benefits as Parts A and B but may have different costs and coverage restrictions, depending on the insurance provider. You’ll be able to choose from different types of Medicare Advantage Plans, including Health Maintenance Organization (HMO), Preferred Provider Organization (PPO), and Private Fee-for-Service (PFFS) plans. Some of these plans will provide coverage for services that aren’t covered in Parts A and B, such as dental, vision, and hearing care. A Medicare consultant can help you decide what Medicare Advantage Plan makes the most sense for you.

Prescription drug coverage falls under Medicare Part D.

  • Part D coverage is often included in Medicare Advantage Plans. If you choose Original Medicare, you’ll need to choose a stand-alone Part D plan.

What's a Medigap Policy?

If you have Original Medicare, you can also purchase a Medigap policy (i.e., Medicare supplement insurance). Medigap policies are administered by private insurance companies and can cover some of the costs that Original Medicare doesn’t, such as copayments and deductibles. You will pay a monthly premium for a Medigap policy in addition to the premium you pay for Part B.  

When you meet with a Medicare consultant through Americans for Life Financial Services, we’ll review the pros and cons of Medicare supplement insurance and help you make in informed decision based on need.

Find Medicare Planning Solutions Through Americans For Life Financial Services

Starting three months before your 65th birthday, you have a seven-month window in which to enroll in Medicare. You have a lot to consider before you enroll, and the best way to evaluate your options is by taking advantage of Medicare consulting services from Americans for Life. We can help you review your healthcare providers, network, and retirement income so that you can make an informed decision when it’s time to enroll in Medicare.

Call (860) 426-2022, email info@americansforlife.com, or fill out the contact form to learn more about our Medicare advisory services.