Transferring from your current Employer based Group health plan to a Medicare Supplement plan is usually a great option for the Employee along with the Employer. In the vast majority of cases your coverage will be far richer along with a dramatic premium decrease.

If you have Medicare parts A and B you are eligible to enroll into a Medicare Supplement plan. For Example; an employee turns 65 and has both Medicare A and B, their current Group health plan most likely has a deductible plus co-insurance, which are out of pocket expenses to you. Or an HMO plan, both could have negative consequences to you financially and or medically. The deductible plan threatens the employee with higher out of pocket expenses when you see a physician, specialist or hospital. You must meet the deductible amount along with ‘co-insurance’ amounts potentially equaling thousands of dollars per year. On the other hand an HMO style plan has many physician and hospital restrictions. You are generally limited to an ‘In-Network’ provider who is part of your HMO network. What happens if you want to see a well known and respected oncologist who is not part of your HMO network? I think you know that answer!

Medicare Supplement Quotes

Now take a Medicare Supplement Plan F for example. The monthly premium will likely be hundreds of dollars less per month than your ‘Group’ plan, and you can see any physician, specialist or hospital in the United States who accepts Medicare’s assignement. With a Medicare Supplement Plan F you will be covered with virtually no out of pocket medically necessary expenses. No deductibles, co-payments or lab/X-Ray costs, what a refreshing change. If you are currently or soon to be Medicare eligible you may want to look at this very appealing alternative to your current Group Health plan.

Better coverage at a fraction of the monthly premium. And you employer can pay the premium.

Medicare Supplement Basics:
Medicare Supplement insurance is designed to cover medical expenses not included in Medicare parts A and B. For those unfamiliar with Medicare’s alphabet plans (lettered A through L), Part A is Hospital insurance and Part B is the Physician and outpatient services. Part C is the coverage known as Medicare Advantage plans (which are going through many changes and will continue to chance over the course of the next few years, because congress has decreased the subsidy amounts to the private companies who provide this type of plan). Part D is the Rx option. Both parts A and B have significant uncovered expenses, such as an initial deductible of $1,068 which must be paid before benefits begin. And co-insurance benefits are roughly 20% after the deductible, with no maximum out of pocket limit.

Plan A has the lowest benefits and has the lowest premium. As the letters increase the plan benefits increase. Plan J has the richest benefits with the highest premium.

Our clients are enjoying their move to a Medicare Supplement plan, with greatly increased benefits and a much lower out of pocket cost. A win-win for everyone involved.

Find the right plan.
I’m sure you will have questions regarding your unique situation, so please feel free to contact me anytime, with my expertise in the Senior market, I’m here to help.

John Conner
john@johnconner.com
800-700-1246 (phone)
916-240-6422 (cell)