medicare supplement

Elder Law and special needs attorney Jim Koewler joins Suzanne to explain the differences between Medicare Advantage and a Medicare Supplement.

Basic Medicare pays 80% of healthcare costs. In addition, Medicare caps what it pays to providers. A Medicare Supplement will cover the 20% that Medicare doesn't cover, no questions asked, with no copays and an annual deductible of about $180. Most people have Medicare Parts A and B. Doctor visits, therapy, and similar items are covered under Part B, while hospitalization and rehab center stays are covered under Part A. Neither covers prescription drug costs.

A Medicare Advantage plan is a form of "managed care" that substitutes for Medicare, so if you enroll in it, then you're out of the Medicare system, but now in the Advantage system. These plans can have deductibles, copays, and can limit coverages to particular locales, but you may get low-cost coverage in exchange.

Learn more at http://www.protectingseniors.com or email Jim at jkoewler-afe@protectingseniors.com.

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Medicare is the federal health-insurance program that provides coverage for millions of retired and disabled Americans. While the government has made efforts to make it easy for participants to sign up for Medicare benefits, there are a handful of eligibility hurdles that potential enrollees need to be aware of. 

Who is eligible for Medicare?
Medicare coverage starts at age 65 for everyone who is either a U.S. citizen, or has been a permanent legal resident for at least five years. Beyond that, you need to satisfy at least one of the following two conditions before you will be eligible to receive benefits:

Learn more

Meet our host Adam Frye, hear some client testimonials, and enjoy an interview with the best-selling author on Medicare, David P. Schaeffer –CEO of American Retirement Advisors, and Chief Architect with The Medicare Architects.