Adler Insurance talks about health insurance options in Prescott for seniors

Seniors have more options when it comes to obtaining health insurance than any other segment of the population, yet finding the right plan can be a challenge. Adler Insurance, your local Medicare insurance agent in Prescott, would like to give you more information on health insurance for seniors.

Given the number of health insurance options available to American seniors it is easy to understand why some research and thoughtfulness is necessary. Many of today’s seniors have to choose from one or more of the following forms of health insurance as they age:

• Retiree coverage. Some seniors don’t have a whole lot to worry about in terms of acquiring health insurance when they retire. Many seniors can keep the coverage they first obtained via their employers even after they retire. What seniors must know is that private-sector employers are under no obligation to offer retiree health insurance. Most of those that decide to provide them can cut or eliminate those plans at any time unless they've made specific promises that they will maintain them.
• Other private insurance. There are a number of private plans available. Take advantage of a special enrollment period when you visit a marketplace or exchange. This means you don’t have to wait until open enrollment to apply.
• See if you qualify for Medicaid. Medicaid provides health coverage to millions of Americans, including eligible low-income adults, children, pregnant women, elderly adults and people with disabilities. Medicaid is administered by states, according to federal requirements. The program is funded jointly by states and the federal government.
• Medicare. Once you turn 65 you’ll probably drop your marketplace plan in favor of Medicare. That's the federally backed health insurance program for seniors older than 65 and who spent at least 10 years working full time. (It also supports some younger people who receive Social Security disability benefits.) Here’s where things can get complicated. There isn’t just a single policy or product related to Medicare, but parts Part A, Part B, Part C, and Part D for medication. In addition, there’s a form of coverage known as Medicare supplement insurance, or “Medigap.”

Adler Insurance hopes this health insurance discussion for seniors has been helpful to you. Let us help you navigate these waters. We are experts in finding the right health insurance benefits for every individual situation. Call Prescott's local Medicare Insurance experts at Adler Insurance today at 928-710-1455 or visit us at http://www.adlerlifehealth.com for more information.
 
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Adler Insurance, your Prescott Medicare specialist, recommends a review of your Medicare plans during Open Enrollment

Since Medicare open enrollment only comes once a year, for a limited time, Prescott's Medicare expert, Adler Insurance, recommends an evaluation of your current Medicare coverage to help you gauge whether it's time to make some changes.

Every year insurance companies can, and do, make changes to Medicare plans, and Medicare supplement plans, that can affect your annual deductible, monthly premiums, prescription costs and your in-network and out-of-network provider choices.

Covered doctors, hospitals and even your long-standing list of covered drugs can all have changed. Given the possibility of these annual changes, it's important to review your existing Medicare plan every year to ensure it's still providing for your specific needs.

A review of your plan during Medicare's open-enrollment period can mean that you switch to better prescription drug coverage for yourself. It may also allow you to include coverage for the first time. Changing plans may make critical medications more affordable.

Research demonstrates that the average Medicare consumer can save at least $300 yearly by reviewing their Medicare Advantage or Part D coverage by making sure that your doctor, hospital and pharmacy are all 'in-network' with whatever Part D plan you have or choose. If an insurance company has changed providers or pharmacy network for your plan then the resources you use won't be included any longer. During the open-enrollment you can switch to a plan that does include your current pharmacy, hospital and doctors.

You can also switch to a higher rated plan. Medicare offers a 5-star rating system that can show you how your plan is rated. If your plan is rated less than 3-stars, they recommend using the open-enrollment period to switch to a higher rated plan.

Medicare's open -enrollment period begins October 15, 2018 and goes through December 7, 2018. If you're ready to reevaluate your Medicare insurance coverage, call Prescott's Medicare experts, Adler Insurance, today at 928-710-1455 or visit us at http://www.adlerlifehealth.com for more information.

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