FREQUENTLY ASKED QUESTIONS
Got questions? We’ve got answers. Read on to learn more about our services, products and team. If you don’t find all the answers you are looking for here, feel free to contact us so that we can personally and individually understand your needs. We would love to be able to to earn your business!
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Below are some of the more common questions people just like you are asking on a daily basis. These are just a handful of questions we get daily from our clients.
Please contact us here or by telephone at 1-800-557-8039 for your specific questions and let’s get your plan locked in with today's rate. We all know that the rates only go up from here.
ARE THE MEDICARE SUPPLEMENT PLANS DIFFERENT WITH DIFFERENT INSURANCE COMPANIES?
NO they are not, the plans are all standardized by the Federal Government.
The only thing that changes is the monthly premium set by the insurance companies. By contacting us, we are able to shop the market and get a great rate for you while keeping you with a highly rated insurance company.
CAN I HAVE A MEDICARE ADVANTAGE PLAN & A MEDICARE SUPPLEMENT PLAN AT THE SAME TIME?
Unfortunately, no. This is not allowable by law.
I’M ON MEDICAID FOR ASSISTANCE, DO I NEED A SUPPLEMENT PLAN?
It is illegal for an insurance agent or a company to sell you a supplement plan while you're on Medicaid assistance.
WHEN I TURN 65, WHAT IS MY ENROLLMENT PERIOD?
You can enroll into a supplement plan up to 6 months prior to enrolling in Medicare Part B.  What that does for you is to lock today's rate in for your date of issue.  You can enroll into Medicare 3 months prior, the month of, and 3 months after your 65th birthday without penalty.  If you go past that period you could incur penalty costs.  If you have current health coverage, contact your plan's administrator for details about enrolling into Medicare.
DOES MY SUPPLEMENT PLAN COVER PRESCRIPTIONS?
AÂ supplement plan issued after January 2006 does NOT cover prescription costs.
DO I HAVE TO BE IN A NETWORK OF DOCTORS WITH MY SUPPLEMENT PLAN?
NO.  There are no networks of doctors or hospitals.  As long as the doctor or facility takes Medicare insurance, by law they have to take your Medicare Supplement Plan no matter what insurance company you’re with.
IF I HAVE A MEDICARE MEDICAL SAVINGS ACCOUNT (MSA) CAN I USE IT TO AID IN THE ASSISTANCE OF PAYING FOR MY PRESCRIPTION DRUGS?
No. Medicare MSA Plans don't cover Medicare Part D prescription drugs.
I’M MORE FAMILIAR WITH INSURANCE COMPANY X BECAUSE THEY BEEN AROUND FOR 200 YEARS, I KNOW IT COSTS MORE FOR THE PLAN BUT I FEEL THEY HAVE MY BEST INTERESTS AT HEART.  WOULDN’T YOU JUST SIGN UP WITH THEM TOO?
NO. A bigger name company is going to raise their rates purposely based on brand name recognition.  Aren’t you tired of throwing your hard earned money away?  The bottom line is, these insurance companies are ALL regulated by the Federal Government, and are required to offer the exact same supplemental plans. They face extreme fines, penalties and lower ratings if they color outside those lines.  Call us to discuss more about the various insurance companies that are competitively priced and have excellent ratings who we would be just as proud to put ourselves or one of our family members into.
IF I AM IN A MEDICARE SUPPLEMENT PLAN AND I AM NOT HAPPY WITH THE INSURANCE COMPANY, IS THERE A WAITING PERIOD FOR ME TO UNENROLL?
NO. You can switch anytime. Should you decide that you would like to look around, call us and one of our brokers can talk to you about the various companies we represent and should you decide on one, we will be glad to write up the application and submit it for review. You MUST keep your current policy in effect because you will be underwritten (medical questions asked) when switching to a different company. We wait to ensure you're going to be approved with the new company first. Once you’re notified of the approval, you then will have to contact your current insurance carrier and let them know you no longer need coverage on the day your new policy takes effect and you will give them that date.
Ex: If we submit an application on your behalf for an effective date of June 1st and it gets approved, you then contact your current company and let them know that May 31st will be your last day that you need coverage. DO NOT cancel without approval of the new policy first!
IS THERE A PENALTY FOR NOT SIGNING UP IN TIME FOR A PRESCRIPTION DRUG PLAN?
YES. You have 63 days coming off of a qualifying Prescription Drug Plan to enroll into a Medicare Prescription Drug Plan without penalty. Â Should you go past those 63 days, you WILL incur a 1% per month penalty fee of the cost of the prescription plan.