Sometimes called "Medigap" insurance. This type policy helps cover the things traditional Medicare doesn't. These plans help pay for "gaps" in Original Medicare. In Wisconsin, these plans also have certain mandated coverages. Recently issued Medicare Supplement plans do not include Part D (prescription drug) coverage.
Replaces traditional Medicare with any of several managed-care style programs that require little or no out-of-pocket premium payments. They work like an HMO or PPO health plans. They have a limit on out-of-pocket expenses each year. Most require you to stay in-network for services. They sometimes include drug coverage.
Covers the cost of outpatient prescription drugs - and supplement either traditional Medicare or, in some cases, a Part C managed care plan. They have a Formulary or List of Covered Drugs. Only Formulary drugs count as out-of-pocket. They Include tiered levels of covered expenses, deductibles and are subject to the coverage ‘gap’. Usually included in Medicare Advantage plans.
Contact Grapevine Insurance to learn more about your Medicare options. We can discuss many of the medicare supplement, advantage and Part D plans with you.
Are you turning 64 soon? If so, I’d like to share a cup of coffee and pie with you to start you on your Medicare discovery journey. Here’s to your good health in the vineyard!
Currently, most people are required by the Affordable Care Act to carry health insurance. More importantly, in the event you become ill or injured, health insurance will help you cover the cost of your medical care. The good news is if you buy your own health insurance, there are many plans to choose from to fit your budget. Carrying health insurance can give you peace of mind that in the event of an illness or injury, you will be able to get the care you need and pay your medical bills.
Grapevine Insurance works as buyers’ agents for those shopping the individual marketplace. We work for you, the buyer, and not as an agent of the health insurance companies. This enables us to look out for your best interests. We contract with all of the major health insurance carriers. They pay us a management fee to take care of you, our client, and there is no additional cost for this service to you, the buyer. Let us provide you with comprehensive health insurance protection and professional advice.
We also can help you find: Dental, Vision and Hearing plans Short Term Medical Cancer, Heart Attack and Stroke Plans Accident, Recovery and Hospital Indemnity Plans