What is Medicare Advantage?
Offered by private insurance companies contracted by the government, this plan provides similar coverage to Part A and Part B, with potential coverage for more things such as prescription drug coverage, part d, hearing, dental, and vision. With these plans, you must be enrolled in Original Medicare to qualify and, as such, will be expected to pay a Part B monthly premium. You may also pay a monthly premium for your advantage plan, but many Advantage plans offer $0 premiums.
The benefit of these plans is that they have an out-of-pocket cost limit for how much you need to pay.
Working with Southern Insurance & Annuities is
We help you find the right plan.
Our help is at no cost to you.
You pay your premium directly to the carrier.
Is Medicare Advantage right for you?
Medicare Advantage plans have their benefits, but they also have some drawbacks. You’ll be paying a monthly premium, and you won’t have a guaranteed percentage that you’ll pay to meet your deductible. Those with Medicare Advantage are also ineligible for Medigap, which offers coverage plans that may pay more of your out-of-pocket charges.
You don’t have to do it alone when figuring out what plans suit your needs.
Contacting an independent insurance agency for assistance is essential when considering coverage through Medicare Advantage.
As with many other Medicare plans, there is a 7-month window to enroll, around when you turn 65. It’s recommended that if you do plan to enroll in a Medicare Advantage plan, you do so during this time, as many private insurance options have time restrictions and special requirements that limit what you can do if you enroll late.
However, some people are eligible earlier. Those who have End Stage Renal Failure may be automatically able to enroll in this plan. Those with ESRF will not have to wait until they’re 65 to access Medicare.
Sign up for Medicare Parts A & B. You can enroll at your local Social Security office, by phone, or online.
Call Southern Insurance & Annuities and speak to one of our Medicare experts. We will answer any questions and explain your options.
Types of Plans
Advantage plans, as they are offered through private insurance, these plans can vary in what they cover. Instead, usually, you’ll see four types of plans provided.
These plans include:
Health Maintenance Organization (H.M.O.)
Private Fee-For-Service (P.F.F.S.)
Southern Insurance & Annuities knows Insurance.
Trying to figure out if you want Medicare Advantage and then finding a plan for you all within seven months is a lot to handle on your own. That’s why it’s essential to call an independent insurance agency for assistance.
Call Southern Insurance & Annuities today for assistance with your health plan. We have the experience and knowledge to guide you through understanding what Advance plan fits your life. Our relationships with private insurance companies mean we can find you the best plan on the market.
Ready to get started?
Southern Insurance & Annuities has been helping families with their insurance from Statesboro, Metter, Swainsboro, Sylvania, Augusta, and Savannah for years. Our office is in Statesboro, GA, at 1046 Northside Drive East. Please contact us at (912) 489-4335 for any inquiries you may have.