Many clients think enrolling in Medicare is enough, not realizing that there are several items not covered, including:
Private insurance can help cover these costs. Palladium Group by Ash Brokerage is now offering traditional Medicare Supplements, Medicare Advantage Plans and Prescription Drug Plans. Medicare Supplements and standalone Prescription Drug Plans allow your clients to pick and choose the coverage they need with no doctor network. Medicare Supplements help cover the coinsurance, deductibles and copays not covered by Original Medicare.
Medicare Advantage Plans are bundled plans, covering Parts A, B and D, usually with some extra benefits such as dental and vision, free gym memberships and over the counter products. With Medicare Advantage, your clients will have very low monthly premiums, but a network of doctors to adhere to.
Medicare Advantage and Prescription Drug Plans have an annual enrollment period between Oct. 15 and Dec. 7. There are also certain circumstances that allow clients to sign up outside of the regular enrollment periods or change their plans, known as a Special Enrollment Period.