Health coverage weighs heavily on the minds of those approaching their senior years. Balancing the costs of premiums and copays while ensuring that vital medications and treatments are covered can be overwhelming. Of course, you will need to apply for Medicare, the federal health insurance for people ages 65 and older.
However, it is not as simple as submitting a Medicare application. Medicare has many different parts and options that must be explored. The plan that is best for your neighbor might not be best for you. Before you choose, consider working with a Medicare broker that will look at your specific healthcare needs and budget with you, helping you explore all factors. Randy Schrupp, owner of Schrupp Senior Services and Senior Learning Institute® Sponsor, has been a broker since 2007 and knows the industry well. Here’s why you should consider a broker before applying.
Plans Are Complex
The options and combinations of options are practically endless. Did you know the following facts?
- Medicare is broken into 4 different parts: A, B, C, and D. Each of these parts is unique and coverage varies greatly.
- Medicare is vastly different from Medicare Advantage.
- Medicare Supplemental Insurance, where a private company comes into play, is also an option.
- Medicaid, another entity of federal insurance, could be an option if you are under 65 and have a disability.
A broker knows the details of each option, sparing you from the difficult task of sorting out the what you really need.
The Process is a Headache
Open enrollment can be a headache to maneuver by yourself. A broker can save you time and stress, and even help you plan ahead of open enrollment so that you have a concrete plan when the time comes. A broker in your state can also help you with available state programs and other state-related insurance needs. Not only do brokers save you a headache, but they are free to work with!
Surprises Are Not an Option
There’s nothing worse than a huge, unexpected bill showing up at the end of the month. Seniors on a fixed income often do not have room in the budget for surprises. A broker can make sure you are covered from medical care to prescription plans, so there are no surprises. They can also help you with claims and other insurance-related issues.
This Peace of Mind is Free
Working with a broker does not come with a heavy price tag. In fact, it doesn’t cost you at all. You can rest easy, knowing that you were well-informed in making the right decision for you, without paying a fee.
Medicare brokers can save you time, money, and a headache. If you are in the St. Louis area consider connecting with Schrupp Senior Services. You can give Randy and his team a call at 314-496-0140. You can also see Randy in person and get your questions answered at our next FREE Estate and Financial Planning Seminar. Register HERE.