Ready For Medicare? Two Reasons To Talk With An Insurance Agent

Posted on: 9 February 2021

Whether you have reached 65 years of age, are under age 65 but have certain medical conditions, or have been diagnosed with End-Stage Renal Disease (ESRD,) you now qualify for Medicare coverage. Medicare is a federally-sponsored insurance program that is specifically for the groups mentioned above. You might have received correspondence in the mail letting you know that you are eligible and think there is nothing else you need to do. However, getting Medicare insurance is just the start. There could be even more options that you won't know about unless you speak with a knowledgeable individual. Listed below are a few key reasons why you should spend some time talking with a licensed insurance agent.

Original Medicare May Not Offer The Right Level Of Protection

Original Medicare is essentially a pay-per-service program. It broadly covers hospitalization and routine medical expenses, but if you take any kind of prescription drug, you will generally find that there is no coverage for those items. What do you do if you currently have several prescriptions that are covered by the insurance you have with your employer but will no longer be covered after you retire? These are the kinds of questions you must ask yourself before settling for Original Medicare only.

Consulting with a licensed insurance specialist can open your eyes to the possibilities so you know what options are available to you. Perhaps you would do better by bundling your Original Medicare into an Advantage plan that provides you with excellent coverage for your prescription drug needs. Or, a supplement might be a better choice because you see your physician several times per year and can't afford to pay multiple co-pays without some kind of assistance. A licensed specialist gathers information about your current situation so they can help you make a decision that will work well for you both now and in the coming years.

Learn About Lower Cost Options

Although there are some variations, you can usually count on paying a premium for your Medicare Part B coverage. However, if you talk with an agent, they may be able to help you find a plan that will cover the premium on your behalf. This is a great way to save money, especially if you live on a fixed income!

Finding out as much as possible about Medicare insurance puts you in the know. Call an insurance representative so they're able to make you aware of the wealth of options at your disposal today.

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