Good morning all,
I hope everyone is having a great start to a great Friday. Just a couple of things I wanted to touch on today.
For the most part, all of your medications will fall under your Part D drug plan. There are circumstances though where you may file under Part B. This is important because if your medicine is administered by a licensed physician, then this may fall under Part B and depending on the plan you chose this could save you a substantial amount of money throughout the year.
Here is an example- let's say someone is being treated for a terrible disease, not saying which one but it can be found on the Zodiac table. If your doctor prescribes a drug that will benefit you after treatment for the said disease and you give yourself the shot post-treatment, then it will fall under Part D. If he gives you the shot, it will fall under Part B and depending on the Supplement you chose, you will only owe your Part B deductible. This could be monumental savings to you throughout the year. There are some medications out there that will cost $2000 during the initial coverage period of Part B.
This is why it is very important to speak with someone that has a good working knowledge of Medicare and actually is concerned about you as a person and not as a potential payday. Little things like this could save you, or cost you, a great deal of your hard earned money.
Annual Enrollment Period is just around the corner and the commercials are going to start ramping up soon. Two things you can count on in September-Walmart bastardizing Christmas by putting up decorations and misinformation about Medicare being advertised left and right.
THERE IS NO SUCH THING AS A FREE MEDICARE PLAN!!!!!!!!!!!
Unless you have some assistance from Medicaid or Social Security, YOU WILL, I REPEAT, YOU WILL HAVE TO PAY FOR THE PLAN. You may not have a monthly premium, in some states a Medicare Advantage plan will pay for some of your Part B premium, but if you use the insurance you will have copays and such. The premium is $0.00, but the plan is not free.
Another thing to keep in mind-AEP is for individuals that are in a Medicare Advantage plan and wish to switch and for individuals that have a Part D drug plan and also want to switch.
If you have a Medicare Supplement, or Medigap plan, you can switch those at any time, as long as you can pass medical underwriting. If you are happy with your plan, then you do not have to do anything. Your agent should be checking on you throughout the year to make sure the plan is still working great for you.
What's that? You say your agent only calls you when he has a great new product in which he can make money off of you? If you call them they tell you to call the insurance company if the question is longer than a minute?
You can't get your agent back on the phone? Wow. If only there was someone out there that wants to build a relationship instead of making a sale. Someone that wants what is best for you.
I wonder who that could be? I may know someone that will take great care of you, give me a call and I will give you there number.
As always do something nice for someone, just because.
All the best,
Randall J. Lawson
The HgO Group
National Producer Number #9276045
Don't forget to ask me about our Long Term Care, Cancer, Heart, Stroke, and Final Expense Policies.