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Senior Medical

Our senior customers are concerned about options when Medicare doesn't cover all of their medical bills. Are there other options in helping offset these costs? Absolutely! 


1. By purchasing a Medicare Supplement Plan, it will help cover the gaps to the Federal Medicare Program. These plans are designed to coordinate with Medicare to fill the gaps imposed regarding the deductible requirements and benefits period. 


2.  By purchasing a Medicare plan through a private insurance company such as a Medicare Advantage-type policy (Medicare Part C). Medicare Advantage policies are available to those who have Part A and Part B. These Medicare Advantage plans process eligible claims and replaces Medicare benefits with their own co-pays. These plans may replace Medicare benefits but the policyholder is still required to pay his 2016 Part B Premiums of $121.80* per month. *Premiums will be higher if income level is more than $85,000 a year.


It is key that the selected medical provider or hospital be listed as an in-network provider.  Some doctors may accept the coverage if the insurance carrier pays the minimum Medicare payment to them.  Non-Network Providers can accept or not accept the coverage on a case by case or visit by visit basis.  


3. By purchasing Prescription Drug Coverage, which is now available through the federal program. These plans are known as Medicare Part D prescription drug plans and are written by private insurance companies.


Eligibility: Seniors become Medicare eligible once they reach the age of 65. Should someone become disabled prior to age 65 and he has contributed to Social Security, then he can become eligible for Medicare.  There are certain criteria that must be met regarding disability and Medicare. Richardson Insurance will review these with any customers who are interested or who qualify.


Richardson Insurance features Medicare Advantage, Medicare Part D Prescription Drug Plans and Medicare Supplemental Plans. To learn more about these plans, contact Richardson Insurance today for an appointment!**


**Please note: These Medicare Supplement plans are designed to fill in the gaps of Medicare’s deductibles, co-payment requirements, and benefit periods. Unlike Medicare, these Medicare Supplement plans are not administered through the federal Social Security program but are instead sold and serviced by private insurers and HMOs. Medicare Supplement policies pay some or all of Medicare's deductibles and co-payments. Our agent will review all of the details in the initial consultation and is available to answer any questions once the policy is in place. 

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