How do I choose the best Medicare supplement or Medicare Advantage seminar?
If you are interested in learning specifics about Medicare Supplement or Medicare Advantage plans, you should choose a sales seminar. Sales seminars can go over all of the same information as educational seminars, as well as the details of Medicare Supplement and Medicare Advantage plans.
What do you need to know about Medicare seminars?
Medicare seminars are designed to offer seniors answers about their future. However, choosing a seminar can leave you even more confused. We’ll cover the need-to-knows about Medicare seminars, and provide some reliable Medicare resources. 1. There Are Two Different Kinds of Seminars
How can I learn more about Medicare and insurance?
Informational seminars: Some companies offer regular meetings and seminars to help customers understand Medicare and insurance options. These seminars can help you make informed choices that best fit your situation. Informational guides: Some companies send customers free pamphlets and other informational materials.
Can I enroll in a Medicare Supplemental Plan if I have advantage?
If you have a Medicare Advantage plan, you can enroll in a Medicare supplemental plan. However, your Advantage plan must end for any supplemental plan to go into effect.
What is a Medicare workshop?
Medicare seminars are designed to offer seniors answers about their future. However, choosing a seminar can leave you even more confused. We'll cover the need-to-knows about Medicare seminars, and provide some reliable Medicare resources.
What is the Commission for Medicare Supplements?
A recent report indicates that first-year commissions for enrollments in Medigap are approximately 20 percent of annual premiums, but they can vary based on the state or plan type. The commission for subsequent years (i.e., the renewal commission) is set at 10 percent of the premium.
What are the criteria's of a Medicare supplement plan?
You must be enrolled in BOTH Parts A and B at the time of application. You must be age 65 or older (in several states, some Plans are offered to those under 65 who are on disability). You must reside in the state in which the Supplement Plan is offered at the time of application.
How are Medicare supplements divided?
Supplemental insurance plans are divided into categories with an alphabetic label. Medigap plans in tiers A through K provide the highest cost sharing benefits, while plans K through N plans provide less cost coverage.
How do you make money selling Medicare supplements?
Generally, insurance agents often earn two types of commissions when selling Medicare plans: A dollar amount per application (Medicare Advantage and prescription drug plans) or a percentage of the premium sold (Medicare Supplements).
How do you make money selling Medicare Advantage plans?
To sell Medicare Advantage plans, you'll have to complete the America's Health Insurance Plans (AHIP) certification in addition to each carrier's compliance and product certifications. These certifications exist to help protect seniors and reward agents who do things the right way.
Who has the cheapest Medicare Supplement Insurance?
What's the least expensive Medicare Supplement plan? Plan K is the cheapest Medigap plan, with an average cost of $77 per month for 2022.
Why do doctors not like Medicare Advantage plans?
If they don't say under budget, they end up losing money. Meaning, you may not receive the full extent of care. Thus, many doctors will likely tell you they do not like Medicare Advantage plans because private insurance companies make it difficult for them to get paid for their services.
How are Medicare Supplement plans regulated?
The California Department of Insurance (CDI) regulates Medicare Supplement policies underwritten by licensed insurance companies. The CDI assists consumers in resolving complaints and disputes concerning premium rates, claims handling, and many other problems with agents or companies.
Can you have two Medicare Supplement plans?
Retirees can't have more than one Medicare supplement plan or one at the same time as a Medicare Advantage plan. To cut costs on health care, start by calculating whether a supplement or an Advantage plan will save you the most money.
What is the difference between a Medicare Supplement and an Advantage plan?
A Medicare Advantage plan (Medicare Part C) is structured to be an all-in-one option with low monthly premiums. Medicare Supplement plans offer additional coverage to Original Medicare with low to no out-of-pocket costs.
Why do I need Medicare Part C?
Medicare Part C provides more coverage for everyday healthcare including prescription drug coverage with some plans when combined with Part D. A Medicare Advantage prescription drug (MAPD) plan is when a Part C and Part D plan are combined. Medicare Part D only covers prescription drugs.
Register for a Seminar
Select from one of the following dates to join a live online or in-person seminar hosted by one of our Medicare experts. If you have additional questions about enrolling in our Medicare Advantage or Supplement products, our experts will be able to answer specific questions at the end of each presentation.
Watch an Online Seminar Anytime
Watch our pre-recorded, in-depth seminars about our Medicare Advantage plans, Original Medicare & Medex Supplement plans, and Prescription Drug plans, led by Sue Flanagan from Blue Cross Blue Shield of Massachusetts.
Get to know your Medicare Advantage Plan (for existing members)
Welcome Medicare Advantage plan members. Learn what your Medicare Advantage plan has to offer and the online tools available to get the most out of your plan.
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Policies & Procedures
See Evidence of Coverage for a complete description of plan benefits, exclusions, limitations and conditions of coverage. Plan features and availability may vary by service area.
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As one of the nations premier independent Medicare insurance brokers, our mission is to provide you with the information you need to make an informed decision about your Medicare.
Independent Medicare Insurance Broker
As one of the nations premier independent Medicare insurance brokers, our mission is to provide you with the information you need to make an informed decision about your Medicare.
Parts of Medicare
Learn the parts of Medicare and what they cover. Get familiar with other terms and the difference between Medicare and Medicaid.
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Discover what cost words mean and what you’ll pay for each part of Medicare.
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Follow 2 steps to set up your Medicare coverage. Find out how Original Medicare and Medicare Advantage work.
Working past 65
Find out what to do if you’re still working & how to get Medicare when you retire.
What is Medicare Supplement Insurance?
Medicare supplement insurance is also known as “Medigap” because it covers gaps in Original Medicare coverage. This supplemental insurance, offered by private companies, covers costs including deductibles, copayments and coinsurance. You pay a monthly premium for this added coverage.
How old do you have to be to get Medicare Supplemental?
To purchase Medicare supplemental health insurance coverage, you must be at least 65, have Medicare Part A and B and purchase coverage during your Medigap open enrollment period. Medigap open enrollment starts on the first day of the month you are 65 or older and enrolled in Medicare Part B and lasts six months.
What is Plan K for Medicare?
Plan K covers additional days in the hospital after Medicare benefits are exceeded and 50% of the following (up to a yearly out-of-pocket limit): Part B coinsurance, up to three pints of blood, hospice care coinsurance or copayments, coinsurance for skilled nursing facilities and the deductible for Part A.
What is Medicare Select?
Medicare SELECT is a type of Medigap policy that requires policyholders to use hospitals and doctors within its network to get coverage. The premiums are typically lower than those offered by other Medigap providers, which don’t enforce network restrictions. Medicare SELECT can provide the same Plan A through N coverage as other Medigap policies, just with added network and geographical restrictions.
What is the deductible for United American insurance?
1, 2020. High-deductible versions of plan F and G are also available with a deductible of $2,340.
When do you have to have Medicare Part A and Part B?
You must have Medicare Part A and Part B. You must purchase during your open enrollment period, which starts the first day of the month when you turn 65 and are enrolled in Part B. If you try to purchase Medigap coverage outside this enrollment period, your options may be limited, and there may be extra costs.
Does Medicare Supplemental Insurance cover dental care?
Medicare supplemental insurance (Medigap) covers health care costs not included with your Medicare plan. There are up to 10 plans to choose from, and some plans feature coverage for skilled nursing care or Medicare Part B "excess charges.". Medigap plans have the same standardized benefits and do not cover: Dental care.
Medicare basics
Start here. Learn the parts of Medicare, how it works, and what it costs.
Sign up
First, you’ll sign up for Parts A and B. Find out when and how to sign up, and when coverage starts.
There Are Two Different Kinds of Seminars
- Before signing up for a Medicare seminar or workshop, you need to make sure you’re going to the right kind. There are two types to choose from. Depending on the information you are looking for, you will need to decide to attend an educational seminar or a sales seminar. Educational seminars cover topics related to Medicare like eligibility, when an...
Beware of Bias
- When you attend a seminar, keep in mind that they are usually hosted by an agent or representative for a company, and have a product to sell. As helpful as the speaker may be in explaining how Medicare and your coverage options work, it is important to think about how they may be biased towards their product or their company. This is true even of educational seminar…
You Still Need to Shop
- When you start Medicare, you get an Open Enrollment Period. This period is very valuable, as it is the time that you will have the most options available to you. While the information you receive at a seminar can be helpful, don’t squander this period by signing up without shopping around first. You should compare plans and carriers to ensure that you’re getting the best coverage and rate. …
Think Twice Before Paying
- Most Medicare seminars are free; in fact, many will have food and beverages to thank you for coming! There is a wealth of information and advice about Medicare available free of charge from trusted sources online, including the Medicare website. If you are considering attending a seminar that has a fee, ask yourself what are you getting that’s worth the cost? Nothing on this website s…