FAQs

I want a Medicare Supplement- how can I save money?

  • The these plans are standardized, so the benefits of the plans remain consistent across different companies. For example, Plan X with Company A, and Plan X with Company B will provide the same benefits, except for the cost. It's wise to explore different options and have an independent agent assisting you in comparing plans.

How do I set-up with Medicare if I am planning to retire?

  • Transitioning from employer coverage and contemplating retirement, it is essential to coordinate your Medicare plan with your retirement schedule. Get in touch with Human Resources to ensure if your company provides retirement health insurance. If your company does not offer retirement healthcare options, arrange a meeting to compare the comprehensiveness and cost-effectiveness of those benefits with those offered by Medicare. In the event that you discover that your company does not provide any post-employment healthcare options, you will have to determine your status regarding Medicare Part A and Part B.

  • If you’re currently enrolled in Medicare Part A ONLY

    You must complete the application process for Medicare Part B, which can be done at your nearby Social Security office. They will require two forms to be filled out: one by your employer and the other by you. In case you've had credible insurance since turning 65, there won't be any penalties, and you'll have an 8-month period after losing employer coverage to sign up for Medicare Part B.

    Employer Form: https://www.cms.gov/medicare/cms-forms/cms-forms/downloads/cms-l564e.pdf

    Your Form: https://www.cms.gov/medicare/cms-forms/cms-forms/downloads/cms40b-e.pdf

  • If you’re currently enrolled in Medicare Parts A & B

    You'll require a letter from your employer's insurance confirming the period of coverage and its expiration. This letter will grant you guaranteed enrollment, meaning you can sign up for various Medicare Supplement plans without answering any health-related queries, and it will also allow you to enroll in a prescription drug or Medicare Advantage plan.

  • What about my Spouse?

    Medicare functions as an independent program, implying that it does not offer coverage for spouses and dependents as a unit. If your spouse is eligible for Medicare, they must follow the same procedure as you. However, if your spouse is not eligible for Medicare, you will need to explore alternative health insurance options such as COBRA or the Affordable Care Act.