GM Retirees: Q & A About Medicare Supplements and Medicare Advantage Plans
QUESTION: I have always had a Group Health and Drug Policy through my retirement plan with my employer. I have been told that when I join a Medicare Plan I will need to re-enroll and re-evaluate my Medicare Plan each year as I did with my group health. Is this true?
Answer:
No sir, this is not true in most cases. If you join a Medicare Supplement plan, as I have advised the people who are losing retirement group health benefits, you will not need to ever re-enroll or re-evaluate your Medicare Supplement. Medicare Supplement benefits never change. They are regulated by the Centers for Medicare. They all contain the exact same benefits, no matter if you get a AARP, Bankers Life, Mutual of Omaha, BC/BS etc…They all are the same benefits. A plan F is a plan F or a plan J is a plan J no matter where you get it or what carrier you choose to enroll with. The only difference is the price you will pay in your monthly premiums. So you should MAKE SURE YOU GET A COMPARISON OF SUPPLEMENT PRICES FROM DIFFERENT CARRIERS AND ENROLL WITH AN A-RATED COMPANY. download Sydney White There are some Medicare Supplement carriers out there that are B-Rated. Please do not consider these companies. The only exception of re-evaluating your Medicare Supplement Policy would be to get a lower premium. That is why you should be a good rate up front!!!
YOU CAN NEVER BE CANCELLED FOR HEALTH REASONS ON YOUR MEDICARE SUPPLEMENT POLICY. YOU ARE GUARANTEED COVERAGE FOR LIFE WITH NO RE-ENROLLMENT TO WORRY ABOUT EACH YEAR! THE ONLY WAY TO LOSE YOUR POLICY IS FOR NON-PAYMENT OR YOU WISH TO CANCEL YOUR POLICY! The Missouri Breaks dvdrip
I can understand why you would be confused since you had to re-evaluate your group policy each year. The group health companies change their benefits and prices each year, so you should have had the opportunity to re-evaluate them each year and make changes.
If you choose to join a MEDICARE ADVANTAGE PLAN, going against all my best advice, these can and do change. You can jump from one MAPD to the next. They may be hoping that you do, because each year they would get a brand spanking new commission every time you changed. If a Medicare Advantage Plan is not making money in a certain area, they can decide to cancel coverage there. I have seen that many times. They do have lower premium rates than Medicare Supplements, but folks, remember that you get what you pay for, especially in this case.
The only part of your Medicare coverage you will need to look into each year is your Part D drug plan. These plans DO CHANGE EVERY YEAR. You will need to get a comparison each year to make sure the plan you are on still covers every one of your prescriptions and at the lowest co-pays and premiums. Don’t let this upset you, because we have them online every year and you can get this in 5 minutes or you can go to Medicare.gov and get one there as well.
QUESTION: How to Rob a Bank movie download
I have been told that a Medicare Advantage Plan does not ask any health questions, but a Medicare Supplement does ask health questions. Why is this and wouldn’t it be easier to get a Medicare Advantage plan since they do not ask questions?
ANSWER: The only questions Medicare Advantage Plans ask about is end state renal disease, they do not take people with kidney failure. That is why these plans are good for people on disability or for people who can absolutely NOT afford the premium on a Medicare Supplement Policy. It is a risky plan. There are just too many variables involved, such as your doctor can accept a Medicare Advantage Plan at one appointment and refuse it at your next appointment. They have no set network of doctors or hospitals that quarantee you THEY WILL accept their terms of payment. You see, Medicare does not pay your doctors and hospitals on a Medicare Advantage Plan. The actual Insurance Company does it. That is why many doctors and hospitals will not take the risk of NOT GETTING PAID BY THE MEDICARE ADVANTAGE PLAN. SO, LADIES AND GENTELMAN, I ASK YOU…….WHY WOULD YOU TAKE THAT RISK?????
With a Medicare Supplement Plan you have a 63 day guaranteed enrollment with NO HEALTH QUESTIONS ASKED AND NO PRE-EXISTING EXCLUSIONS. download grease online
That is why we tell you to get one NOW. After your 63 days you will go through underwriting and may get turned down for health reasons.
So to answer your question, if you take my advice and go ahead and get a Medicare Supplement now, it is JUST AS EASY to get the best coverage.
