What our customers say
- I want to talk about my experience in a Medicare Advantage plan and Medicare supplement plan. Unfortunately I was disabling at age 58. I was insured at the time by a large insurance company, but when my policy came up for renewal I wasn’t able to reenroll at an affordable price. Once I was approved by social security for disability and Medicare offered insurance after 24 months, a Medicare Advantage plan was my only option because I was under 65 and disabled. Little did I know at that time manage care plans like the Medicare Advantage are run by insurance carriers approved by Medicare that actually manage your health and associated costs. This simply means Medicare pays the insurance carrier to manage the cost of your health plan. Yes strictly speaking I had insurance, but I had to use the advantage networks and was restricted on how much I could get approved for, in addition, there were co-pays which were substantial like daily charges for in-hospital stay and outpatient surgeries etc. I was fortunate to meet before my 65 birthday, an independent insurance age who told me about a guaranteed issue (supplement insurance) that is used with Original Medicare. Even though I wasn’t a healthy person I was able to get a Medicare supplement to go with original Medicare that allowed me the freedom of choice and the ability to manage my health care. I was only able to do this because I was guaranteed issue, which I knew nothing about until I met the independent insurance agent. To this day this move has saved me substantial money and allowed me to work with some of the best doctors. My takeaway is advantage plans are great if you’re not sick, but if you are sick and you want to manage your own care to achieve the best results a Medicare supplement with original Medicare allows me to pursue my health in the most efficient way possible. Thank goodness for the Medicare supplement that is offered during the guaranteed issue period and for independent insurance agents who help me find the best solution for my situation. Please refer to chapter 3.
When I made an appointment with an independent insurance agent to price a Medicare supplement for my wife who had been retired for a period of time and currently on a Medicare supplement. I soon realized after talking to my agent how much I did not know about how Medicare works with other insurance platforms. For example I am a retired military and my wife would have been eligible to receive Tricare, my first mistake, because I assumed she needed to buy Medicare supplement insurance when she was 65 (WRONG) and eligible for Medicare. While discussing a new supplement with my agent, who after reviewing my wife’s situation informed me that because I was retired military my wife could have received Tricare? The agent assisted with helping me set up an appointment the next day with a Tricare specialist. The agent was able to use Tricare for my wife as her secondary insurance to Medicare and did not need a separate policy which saved us thousands of dollars a year. Please refer to page 32 in the booklet.