LOSING EMPLOYER COVERAGE – YOU NEED THIS INFORMATION NOW FOR THE AEP BEGINNING NOV. 15 TO DEC. 31ST. EMPLOYERS STEERING RETIREES TO MEDICARE ADVANTAGE PLANS AND CERTAIN INSURANCE AGENCIES TO ENROLL IN COVERAGE!
Many of you have lost your employer coverage recently. We know how suddenly being thrown into the Medicare system with every insurance company sending you information on their products can be so confusing and downright overwhelming!
We have also heard that some companies and even government employees and teachers have been offered ONLY a choice of Medicare Advantage Plans. Some companies even tell their employees that if they use a PARTICULAR INSURANCE AGENCY to take out their coverage they will get more money to help pay for it. In other words they are steering you to use a particular insurance agency or insurance company if you want any financial help to pay for your Medicare coverage.
This is amazing! ARE THEY REALLY TAKING AWAY YOUR CHOICES? NO, THEY ARE NOT!
They are making you feel as though your only options are to take what they want you to take, when the truth is, when you lose coverage from your employer, you are FREE to join whatever plans you KNOW are best for you, and that is CERTAINLY NOT a Medicare Advantage Plan. Please read my other blogs under the category section on the left hand side under MEDICARE ADVANTAGE PLANS.
Please know that it is NOT to your advantage to choose anything other than using your Original Medicare Benefits, Part A & Part B and joining a Medicare Supplement/Medigap Plan and a stand alone Part D plan. You may not get the extra $50 a month to help pay for it, but if you can possibly pay for a premium for a Medigap plan, you must decide to do what is in your best interests.
The main reason these companies want you to join Medicare Advantage Plans is the commission is so much higher for them. They make more money when you join Medicare Advantage Plans. I’ll let you wonder why your employer would only give you Medicare Advantage Plans as an option??? You can think about that.
In the year 2011, there will no longer be Medicare Advantage Plans as we know them today. Even this year, many, many Medicare Advantage Plans have taken themselves OFF the market and many peope are losing coverage from their Medicare Advantage Plan. The main reason for this is they have NO NETWORK OF DOCTORS OR HOSPITALS THAT WILL TAKE THIS COVERAGE.
You have no way of knowing if the doctor you have seen the past 10 years is going to accept the Medicare Advantage Plan or your preferred hospital will take the coverage. If they do take it NOW, they can STOP taking it anytime they choose and you will be without coverage.
Tell me, WHY would you take that risk?
Medicare Advantage Plans do not pay for durable medical equipment and many times your health is left up to the bean counters, not your doctor! If you can afford the premium on a Medigap plan, why would you risk your healthcare?
So, the main point I am trying to make is do NOT feel trapped into taking whatever they throw at you. You have the same choices as anyone else getting on Medicare coverage and you can choose to go to any agency, any website, any company that YOU CHOOSE, to find the best, most affordable coverage.