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Medicare Insurance Agent Lakewood California

Integrity Now Insurance Brokers is your local Medicare Insurance Agent Lakewood California.  When you are in need of an expert, you have made it to the right place.

We understand the feeling of wanting to make sure you do everything right, especially when it comes to your Medicare coverages. 

Most individuals believe once they become eligible for Medicare, there isn’t going to be much of a “decision” to make that can have a lasting impact on their healthcare needs.

Once Medicare beneficiaries begin their research on Medicare, they discover the amount of choices can seem endless.  In addition, once they come close to making a decision, their mailbox becomes inundated with Medicare fliers which only adds to the confusion.  

 

Medicare Insurance Agent Lakewood California

How To Work With A Local Medicare Insurance Agent Lakewood California

With any government program it is always best to plan ahead.  If you are new to Medicare, plan to begin your research six months to a year prior to turning 65.  You will want to start signing up for Medicare Part A and Part B three months prior to turning 65. 

This assumes you will not continue to have an employer sponsored plan.  If you will continue to be employed and maintain a qualified plan, then you will only need to enroll into Medicare Part A. Once you are about to lose your creditable employer sponsored plan, then you can enroll into Medicare Part B and you will qualify for a special enrollment period.

Your Medicare Insurance Agent will need a few things from you in order to provide you with the best service.  

  • Enrollment effective dates into Medicare
    • Medicare Part A effective date
    • Medicare Part B effective date
  • List of your must have doctors
  • List of your must have medicare facilities
  • List of medications
    • Name of each prescription drug
    • Dosage of each prescription drug
    • How many times per day you take your prescription drugs

Once your Medicare Insurance Agent Lakewood California has your complete list, they can begin to research which Medicare insurance company would be your best fit.  Your insurance agent will evaluate medical cost, drug cost, availability of doctors, and medical facilities.  Depending on which type of Medicare plan you are wanting combined with your must have doctors and prescription drugs, you may be limited to specific plan options.

What Medicare Plan Is Best In Lakewood California

You have three primary options when it comes to enrolling into Medicare.

  1. Enroll ONLY into original Medicare
  2. Enroll into original Medicare and purchase a Medicare Supplement (Medigap Plan)
  3. Enroll into a Medicare Advantage plan
Enroll Only Into Original Medicare

This option is the least discussed option by Medicare insurance agents, as it would leave you the Medicare beneficiary open to an unlimited cost burden.  This is due to the fact that under this plan you have a 20% coinsurance with no maximum out of pocket cost.

In addition, original Medicare also includes some hefty deductibles in addition to your coinsurance obligation. 

While enrolling into original Medicare allows you to see any doctor or medical facility that accepts Medicare, the cost burden of solely have original Medicare is to high.

Enroll into original Medicare and purchase a Medicare Supplement (Medigap Plan)

About 80% of the Medicare beneficiaries we talk with, end up selecting this option.  They want the freedom of choice and self referrals to specialist.  When you purchase a Medigap plan along with original Medicare, your plan fills in the gaps left behind by Medicare.

Before you can sign up for a Medigap plan, you are required to be enrolled into both Medicare Part A and Medicare Part B.

The most common Medigap plan is the Plan G.  With this plan, the Medicare insurance company will cover all Medicare approved procedures minus a small Part B annual deductible.  All other deductibles and coinsurance are picked up by the Medicare supplement Plan G.  

If you decide a Medicare supplement plan is your best option, you will need to obtain a standalone Part D prescription drug plan.  Most often you will have 20 or more drug companies offering between 1 to 4 plan options each.

Enroll into a Medicare Advantage plan

A Medicare Advantage plan is also another great option.  Many of these plans are offered at a zero monthly premium.  This is what attacks many Medicare beneficiaries to them.  

Just like a Medigap plan, before you can sign up for a Medicare advantage plan, you are required to be enrolled into both Medicare Part A and Part B.

With a Medicare advantage plan, it is important to understand that while you are enrolled into Part A and Part B, you officially give up some rights associated with original Medicare.

Medicare Advantage plans require you to select a medical network of doctors and facilities you are allowed to use.  This means you are not allowed to see any doctor or facility that accepts Medicare. In addition, Medicare advantage plans can charge you a copay, deductible, and coinsurance for different services provided under the plan.  They are also required to establish a max out of pocket cost.  

It is highly recommend you talk with your local Medicare Insurance Agent Lakewood California, and discuss all options before you make your final decision.

Most Medicare advantage plans include a single Part D prescription drug plan.  When you enroll into an advantage plan you are not able to sign up for a standalone Part D plan. 

We Are Here to Help You

Integrity Now Insurance Brokers, has the experience you need.  We want to be your Medicare Insurance Agent Lakewood California.  Because we are local we have established all of the needed insurance company relationships.  

It is through these partnerships, we are able to offer you the best options related to your Medicare needs.

We can help you decide between a Medicare Supplement Plan and a Medicare Advantage plan.  

One of our Medicare insurance agents are here to help you step by step through the process.  Give us a call or complete our Online Medicare Quote request form.  

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