Who is it for?
Typically senior products are designed to benefit those people who are 65 and older. Many of these people are at or near retirement age and their needs for health insurance and life insurance change drastically. Most experts recommend using the services of a licensed insurance agent when seniors are faced with these new challenges.
What is it?
Typically, senior products are medicare supplement or MA plans that help seniors pay for those expenses not covered under Medicare and final expense life insurance plans that help cover burial costs.
Click Here for Your Personalized Medicare Quote!
Why should I buy it?
Many seniors are on a fixed income after retirement and they need extra help in covering out-of-pocket expenses associated with uncovered medical bills. They also want the peace of mind that their children will not be burdened with bearing the costs of their burial at the time of their death.
Are you turning 65 soon? If so, you will be eligible to enroll in Medicare.
Plan ahead and review your options with Elliot Glass. Call 833-355-4684 to make sure you're covered with the right Medicare Advantage or supplemental plan at the right price.
Are you over 65 and want to change your Medicare options?
From October 15 to December 7, you have the opportunity to make changes to your Medicare Advantage or Medicare prescription drug coverage.
How do Medicare Advantage Plans work?
Medicare Advantage Plans, sometimes called "Part C" or "MA Plans," get your Medicare Part A (Hospital Insurance) and Medicare Part B (Medical Insurance) coverage from the Medicare Advantage Plan and not Original Medicare.
What's Medicare Supplement Insurance (Medigap)?
A Medicare Supplement Insurance (Medigap) policy, helps pay some of the health care costs that Original Medicare doesn't cover, like co-payments, coinsurance, and deductibles.
Some Medigap policies also offer coverage for services that Original Medicare doesn't cover, like medical care when you travel outside the U.S. If you have Original Medicare and you buy a Medigap policy, Medicare will pay its share of the Medicare-approved amount for covered health care costs. Then your Medigap policy pays its share.
A Medigap policy is different from a Medicare Advantage Plan. Those plans are ways to get Medicare benefits, while a Medigap policy only supplements your Original Medicare benefits.