Let’s suppose you’ve had enough of your job and want to retire – tomorrow! What would it take? How could you satisfy yourself that you have the financial wherewithal to walk away from the security of your paycheck?
medicare advantage and medicare supplement plans vary in what they cover as well as how much they cost. If you’re having difficulty paying your medical bills you want to make sure that you aren’t paying a fortune for your supplement plan either. You want to make sure that the plan you select is reasonably priced. There are many different Medicare plans available for someone who has trouble paying their medical bills or if you have types of medical expenses that Medicare doesn’t cover. Likewise, there are many Medicare supplement plans for those people for whom Medicare alone is not enough. You will need to take some time to look around and you will find the perfect one for your situation.
However, before you rush out to purchase a Medigap policy, there is an eligibility criterion that needs to be fulfilled. In order to purchase a Medigap policy, need to have the Original Medicare Part A and Part B plans. Secondly, such a plan has to be purchased through a private insurance company. You cannot buy the plan from a government organization. This basically means that you can purchase the plan from any private insurance company, you will still get the same set of benefits. No insurance provider can deny you coverage for something that another insurance company is providing.
The first wave of Baby Boomers, as they are often called (because of the population explosion after world war II) are beginning to turn 65 (and qualify for Medicare).
Reputable companies are typically very easy to get in touch with. Individuals and couples can easily talk with various representatives and agents that will have all of the right options and prices to offer. Take some time to look around and learn about what each of these companies has to offer. This is going to make the process go a lot faster and will show individuals where the best medicare supplements is located. Make sure to find the most affordable option out there so that it is easier to have coverage all of the time.
In other words, use the term “baby boomer” only when waxing nostalgic, not when trying to market a product. If your product is meant for someone in their 40’s, still struggling with kids at home, market to that person, not the person in their 60’s who is downsizing and ready to retire.
Is an MA plan right for you? I do not have one perfect answer for every person. You must study the plans in your local area, consider how they work, and determine your own budget. This gives you the chance to select the best choice for you!