Medicare insurance
Insure My Life Right is an insurance brokerage for Medicare plans for seniors, Medicare Supplements, Medicare Advantage plans & PDP’s (prescription drug plans).
Medicare plans cover different types of care, including inpatient hospital stays, outpatient care, prescription drugs, and more.
- Medicare Part B charges a 20% coinsurance on many outpatient services.Regular Medicare by itself doesn’t cover 100% of medical costs, and most plans require a deductible.This is why there are Medicare Insurance plas.There are 3 main types of Medicare insurance plans.1. Medicare Supplements2. Medicare Advantage Plans3. Prescription Drug Plans (PDP’s).
Medicare Insurance Companies we represent.
- Aetna
- Anthem
- Alignment
- All State
- Cigna
- Humana
- Medico
- Molina
- Scan
- Select Health, Utah
- United Health Care (UHC)
- WellPoint
- Wellcare
Type of Medicare Plans
- Part A
Covers inpatient hospital stays, skilled nursing facility care, hospice care, and some home health care.
Covers outpatient care, medically necessary services, preventive services, and certain doctors’ services
Medicare Advantage (MA & MAPD/Medicare Advantage & Prescriptioin Drug plan),
SNP – Special needs Plan
Dual Eligible plans (Medicare/Medicaid), D-SNP Plans
Medicare Advantage plan’s are offered by private insurance companies that are approved by Medicare.
Most Medicare Advantage plans include Part D drug coverage.
A Medicare Advantage Dual Eligible Special Needs Plan (D-SNP) is a type of Medicare Advantage plan that offers specialized care and services for people who are eligible for both Medicare and Medicaid.
Prescription Drug Plans (PDP’s) – Provides prescription drug coverage for a monthly premium.
A Medicare-Medicaid program that helps people with health care needs in the community.
Medicare Supplement Benefits
Focuses on covering most out-of-pocket costs. Medicare Supplement plans have some advantages, including:
- Provider choice: Medicare Supplement allows freedom of provider choice.
- Nationwide Provider List
- Minimal additional expenses: Medicare Supplement typically has higher premiums but minimal additional expenses.
- Before choosing your coverage, it’s important to review your healthcare needs and Medicare options.
- Does not include Prescription Drug Plans (PDP’s) – Part D
Medicare Advantage BenefitsPlans & Benefits
- A popular alternative to Original Medicare that offers broader coverage, including prescription drugs, dental, hearing, and vision care.
- Extra benefits: These can include routine dental, vision, and hearing care, prescription drug coverage, fitness programs, and over-the-counter drugs.
- Annual out-of-pocket limit: Plans have an annual limit on out-of-pocket costs for covered services. Once you reach this limit, you won’t pay anything for covered services.
- Bundled structure: The Bundled structure offers many additional medical services & extra benefits in Medicare Advantage plans than what Medicare Supplement plans offer.
- Prescription drug coverage: Most Medicare Advantage plans include prescription drug coverage.
- $0 monthly premiums: Some Medicare Advantage plans have $0 monthly premiums.
- Preauthorizations and referrals: You may need preauthorizations and referrals for many types of care, including seeing a specialist.
- Out-of-pocket costs: MA plans often have lower premiums and may have higher out-of-pocket costs.