Are you about to transition to Medicare? Outside of a disability, there are two main times this happens: When you turn 65, or when you (or your spouse) leaves group coverage after age 65 for any reason, including retirement. We know how intimidating this process can be, and we are here to help.
Moving to Medicare is a multi-step process. Our agents at Rothrock Insurance Solutions can walk you through exactly what you need to do, including choosing the right plan alongside your Medicare.
Rothrock Insurance Solutions is a full-service independent broker with relationships with dozens of insurance companies in the Medicare and Health Insurance business. We can help you navigate the complexities of Medicare and help you make this transition in a smooth, efficient, and stress-free manner.
Original Medicare (Parts A and B) doesn’t cover all of the costs of healthcare services and may leave you with substantial out-of-pocket costs. Medicare Supplement Insurance plans (also known as Medigap), are offered by insurance companies and can cover these “gaps” in Original Medicare, giving you significant financial protection. It is important to know that Medicare Supplement plans only pay their portion after Medicare has approved their portion of the Part A or Part B cost.
Prescription Drug Plans (PDP) also known as Part D, are offered by insurance companies for prescriptions only.
Plans will have a separate premium and may also have a separate deductible.
Even though there are several plans available to choose from, all Part D plans are regulated by Medicare and have the same basic structure (deductible, co-pays, coverage gap, and catastrophic coverage).
Part C is another way to get your Medicare benefits through a health plan such as a PPO (Preferred Provider Organization or an HMO (Health Maintenance Organization). You must be enrolled in Parts A and B in order to be eligible for a Medicare Advantage Plan. Medicare Advantage plans must provide all the benefits of Original Medicare, but may have an additional monthly premium, co-pays, and different cost-sharing than Original Medicare.
*DISCLOSURE: Investment Advisory Services are offered through American Elite Advisory, a fee-only Registered Investment Adviser. Rothrock Financial Group also offers commissionable insurance products, such as annuities, life insurance, and health insurance. Because Rothrock Financial Group offers these products and earns a commission, there may be a conflict of interest. These products are not affiliated in any way with American Elite Advisory. Nothing on this website should be considered investment or tax advice. Any insurance quotes given are subject to change without notice. We are not connected with or endorsed by the United States government or the federal Medicare program in any way.
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