Aarp: The Hype, The Lies, The Facts On Health Care Bill

Is Your GA Medicare supplement plan delivering the best value? Will your GA Medicare Supplement plan cover ALL your senior needs while saving cash? If you are one of many 875,000 seniors under age 84 living in Georgia you are likely paying far too much money for your supplement plan. Roughly 70% of seniors owning a GA Medicare supplement bought their plan from either of two major Georgia insurance companies.

True. Neither will supplementary health insurance for medicare insurance. These programs will pay only for limited nursing home or home health care, and only after a patient is discharged from the hospital.

False. The misconception is you have to spend all your money to qualify for Medi-Cal. This isn’t always true. You may be able to protect your assets by utilizing different legal trusts such as special needs trust, irrevocable trust or a revocable living trust. However, once qualified for Medi-Cal, there are limited long-term care options.

There are two good ways to compare plans in your area. You may be tempted to call family members or neighbors to see what plans they use. This is fine, but remember that they will not have the exact same situation that you have.

Although all lines of insurance agents can launch a telemarketing campaign, this article is going to target the sale of individual health and life products. There is a different script and method for telemarketing consumers for senior products such as medicare supplements and P&C.

Does your present GA agent or insurance carrier notify you of the proper time period to change insurance? Of course not. The insurance company wants to keep taking your extra cash. What about that mystery agent? Since 93% do not survive the first four years, you will find your representative likely long gone. When you pay more than you should it is because you did not know the best Medicare solution choice for your needs.

Another important consideration is dependent coverage. What if you’re spouse is on the group plan under you as the primary insured? This brings yet another wrinkle into play. If they’re in good health, you may be able to get individual/family insurance for them and then go on Medicare (assuming it makes financial sense). If they have health issues, they may have a Cobra option but only to 18 months (sometimes 36 months). This may change in 2014 but you can expect the cost to change as well (higher). Again, there are many considerations when looking at Group coverage versus Medicare. Of course, we’re happy to help go over your particular situation when you run your Medicare supplement quote.