MEDICARE & SENIOR BENEFITS
I have questions about Medicare.
Should I enroll in Medicare?
I’m ready to enroll in Medicare.
This process can be very complicated. Our goal is to make it easy for you. First, we’ll help you enroll in Medicare. Then, our licensed insurance agents will educate you on Medicare insurance products. They will guide you in your decision and help you get enrolled.
Annual Enrollment Period (AEP): Begins Oct. 15 and continues through Dec. 7 each year. During AEP, we encourage our clients to meet with a ComPro agent to review their Medicare plan and Prescription Drug plan to determine if any changes should be made for the next year. It’s important to have this review because Medicare health plans and drug plans (as well as your own health needs) can and often do change.
Initial Enrollment Period (IEP): This is a 7-month period beginning 3 months before you turn 65, includes the month of your birthday and continues for 3 months after turning 65. During IEP, an individual can enroll in Medicare Parts A & B and choose Medicare insurance products like a Medicare Supplement or Medicare Advantage plan. If you have “creditable coverage” such as an employer health plan or a government program, you can defer your Medicare enrollment without a penalty.
Open Enrollment Period (OEP): Occurs annually from Jan. 1 to Mar. 31. During OEP, someone with a Medicare Advantage plan can switch to a different Medicare Advantage plan or go back to Original Medicare.
Special Enrollment Period (SEP): After a “qualifying event” occurs, you have a specific time period in which you can make changes to your Medicare coverage. There are a variety of qualifying events. Examples include moving outside of your plan’s service area, gaining or losing Medicaid benefits, moving into or out of a residential care facility, Trial Period rights, and losing or gaining employer-provided benefits.
Products & Services
All Medicare Advantage plans provide Medicare Part A (In-patient) and Medicare Part B (Out-patient) benefits. Plans are structured with co-pays for medical services with an annual maximum for out-of-pocket expenses. Most include prescription drug benefits. Ancillary benefits such as dental, vision, hearing, over-the-counter drugs, gym memberships, and others are also frequently included. Provider networks are generally required. There are specific enrollment periods to apply or disenroll from coverage.
Medicare Supplement plans work with Original Medicare (Part A and Part B) to provide benefits for medical expenses. Prescription drugs and ancillary benefits are not included. However, some plans do help pay for certain costs that Original Medicare doesn’t cover. There is no provider network. You can apply at any time, however, there are specific enrollment periods when acceptance is guaranteed, and health history is not included on the application.
A Medicare Cost plan blends parts of both original Medicare and a Medicare Advantage plan. Availability is limited to certain geographic areas. Provider networks are generally required. Enrollment periods will vary.
Medicare drug coverage that helps pay for prescription drugs. A Prescription Drug plan is needed when other Medicare coverages do not include drug plan benefits. There are specific enrollment periods to apply or disenroll from coverage.
Choose from several dental and vision insurance plans designed to meet your needs and lower the cost of care. You can apply at any time.
Medicare plans have limited benefits when you are traveling outside of the United States. Travel insurance provides a simple and low-cost solution to protect your health and incidental expenses that can happen while you are away from home. You can apply at any time.
Accident plans, Short Term Recovery, Hospital Indemnity, & Cancer/Heart plans can be an effective way to improve your benefits and lower the financial risk of having to pay for medical expenses. You can apply at any time.