Understanding Medicare and choosing the right coverage can feel like an overwhelming task. How do you understand all the different types of coverage and know what type of plan is right for you? A local licensed Medicare agent or broker can help explain your options and save you both time and money. They can help you avoid the consequences of choosing the wrong plan.
There are many benefits that come from working with licensed agent in your area. Here’s how they can help:
They will educate you on Medicare
Medicare is complex and it can be confusing. There are four different parts of Medicare- A, B, C, and D, as well as Medicare Supplement Plans. Each part covers different aspects of your health care. A Medicare agent can educate you on the different parts of Medicare and how each one works. Choosing which parts are right for you depend on several factors including your health and what you can afford.
They will conduct a thorough needs assessment
A Medicare agent will sit down with you to discuss your personal needs and circumstances. They will ask you to bring a list of the doctors and specialists you see, as well as what medications you take. They will want to know if you are being treated for any chronic illnesses, what your budget is, and even how frequently you travel and for how long. This information is vital to helping them determine which insurers and plans will fit your needs.
They will help you compare plans offered in your area
Not all plans are offered in all areas. A local agent will represent a variety of insurance carriers, and they will be knowledgeable about the plans offered in your area. They can help you compare benefits and costs in order to find the plan that is the best for you.
They understand enrollment deadlines and penalties
Whether you are just turning 65 or already enrolled in a Medicare plan, there are different timeframes or enrollment periods that govern when you can enroll in or change plans. If you miss the right time, you coverage may be delayed, or you could face late enrollment penalties. Medicare agents are well versed in Medicare’s different enrollment periods. They can help ensure you enroll when you should and help you avoid any late penalties
They will help you enroll in the plan of your choice
Once you have decided on the plan that best meets your needs, your agent can help you enroll in that plan. They will make sure your application is received and processed and will follow up to be sure you received your new plan information and ID card. They can help troubleshoot any issues with your enrollment should they arise.
They can help determine if you qualify for financial assistance
No matter what type of Medicare coverage you choose, it will not cover everything, leaving you with some out of pocket costs. These can include your monthly premium, deductibles, copays and coinsurances for both medical services and prescription drugs. If you live on a limited income you may qualify for state and federal programs designed to help those who qualify pay for their Medicare costs. A licensed Medicare agent will be familiar with the programs available in your state, and they can help you determine if you qualify and advise you on how to apply.
They are a year round resource
Once you have established a relationship with a Medicare agent, they will become a trusted resource for all your Medicare questions and concerns. They will check in with you throughout the year to make sure your plan is meeting your expectations. If your circumstances have changed they can help determine if you qualify for a special enrollment period and if you do, they can help you change plans.
How to Find a Medicare Agent Near You
Silver&Smart’s Medicare Insurance Agent Directory can help connect you with a licensed Medicare Agent in your state. Working with a Medicare agent never costs you anything. Their services are free.
