Now more than ever it is important for Medicare Eligible individuals to understand the difference between Medicare Advantage plans and Medicare MediGap Plans. Watch this informational video explaining some of the major differences between the two types of plans.
Contact the Burgau Insurance Agency to assist you with your enrollment. Our service does not stop there — we provide the professional customer service you deserve all year.
Burgau Insurance recently participated in the Becker County Energize Aging Series. The Series focuses on Information on Aging - A Guide for Adult Children. Here is the link to the Becker County Energize website and the full listing of videos: http://beckercountyenergize.com/aging-series/
The videos provide information on Assisted Living Services, Medicare, Hospice, & Pre-Planning Funerals
Videos can also be see on our local TV3 channel.
At Burgau Insurance we strive to ensure our clients understand the basics of Medicare and the options they have for supplemental coverage.
Medicare is the federal health insurance program for people who are 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease (permanent kidney failure requiring dialysis or a transplant, sometimes called ESRD).The different parts of Medicare help cover specific services:
Part A covers inpatient hospital stays, care in a skilled nursing facility, hospice care, and some home health care.
Part B covers certain doctors' services, outpatient care, medical supplies, and preventive services.
A type of Medicare health plan offered by a private company that contracts with Medicare to provide you with all your Part A and Part B benefits. Medicare Advantage Plans include Health Maintenance Organizations, Preferred Provider Organizations, Private Fee-for-Service Plans, Special Needs Plans, and Medicare Medical Savings Account Plans. If you’re enrolled in a Medicare Advantage Plan, most Medicare services are covered through the plan and aren’t paid for under Original Medicare.Most Medicare Advantage Plans offer prescription drug coverage.
Part D adds prescription drug coverage to Original Medicare, some Medicare Cost Plans, some Medicare Private-Fee-for-Service Plans, and Medicare Medical Savings Account Plans. These plans are offered by insurance companies and other private companies approved by Medicare. Medicare Advantage Plans may also offer prescription drug coverage that follows the same rules as Medicare Prescription Drug Plans.
More than 10,000 new people enter the Medicare program every day — and many of them are misinformed or haven't had the time to learn what to expect. Errors are common and can carry significant costs.
Agents at Burgau Insurance will assist you as you begin your journey through the Medicare maze.
When you're first eligible for Medicare, you have a 7-month Initial Enrollment Period to sign up for Part A and/or Part B.
In most cases, if you don’t sign up for Medicare Part B when you’re first eligible, you’ll have to pay a late enrollment penalty. You'll have to pay this penalty for as long as you have Part B and could have a gap in your health coverage.
Every situation is unique. In some instances you may delay your enrollment into Part A and B of Medicare without incurring a penalty.
We will compare your current coverage to Medicare coverage, and help you determine the right coverage for you.
The costs of Medicare depend on the type of coverage you choose. For Original Medicare (Part A & B), monthly premiums are dependent on the number of quarters of Social Security credits you have. You’ll get Medicare Part A for free if you’ve worked at least 10 years (40 quarters) and paid Medicare taxes during that time. Otherwise, you may owe a monthly premium for Medicare Part A; the exact amount of your premium will depend on how long you worked.For Medicare Part B, most beneficiaries pay a monthly premium of $134 in 2017. Your Medicare Part B premium may be higher if you make above a certain income threshold.
If Original Medicare does not provide you with enough coverage for the procedures you need, you may wish to enroll in a Medigap policy for the additional coverage. Alternatively, you may consider enrolling in a Medicare Advantage plan or Medicare Cost plan, which cover the same benefits as Original Medicare and could also provide you with additional benefits, such as prescription drugs, routine vision and dental, or hearing.
Now that you know the basics of Medicare, you may be wondering what kind of plan to enroll in. We always enjoy helping people figure that out!
The highly qualified agents at Burgau Insurance Agency will help you understand your options, provide a timeline for enrollment, answer your questions, and help you make a choice that best suits your individual needs.
Contact us today to speak with an agent or to set an appointment time that is convenient for you. We look forward to helping you navigate the Medicare maze.