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.
 
ADDITIONAL INFORMATION
Senior Health Insurance in Prescott
Prescott Medicare Specialist
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Adler Insurance Helps Prescott Seniors Understand Medicare Part D

Part D is the section of medical coverage for seniors that covers prescription drugs. Medicare patients are generally less informed about their Medicare Part D plan options than they let on. In fact researchers found that almost 2/3 of respondents claimed their understanding of Medicare was “not much at all” or “not at all”. Adler Insurance, your independent Medicare broker in Prescott, understands that the ins and outs of Medicare can be baffling and that’s why we’re here to help Prescott seniors understand their options, not only on part D, but all Medicare coverages.

If you have a Medicare Advantage Plan, most of them cover Parts A, B and D - You get all of your Medicare Part A (Hospital Insurance) and Medicare Part B (Medical Insurance) coverage, and prescription drug coverage (Part D), through these plans. Medicare Advantage Plans with prescription drug coverage are sometimes called “MA-PDs.”

Medicare Prescription Drug Plan (Part D) (sometimes called "PDPs") add drug coverage to Original Medicare, some Medicare Cost Plans, some Medicare Private Fee-for-Service (PFFS) Plans, and Medicare Medical Savings Account (MSA) Plans.

One major reason it is important to compare Medicare plans is the constantly changing formularies. Medicare plans update their formularies, drug costs and reimbursements every two weeks. Usually these changes are not too drastic, but over a full year, small changes in pricing or coverage could cause immense differences in costs for an individual. You may find that a drug that had a $10 co-pay last year, may have a much larger co-pay this year, or maybe it’s not even covered any longer by your current Medicare coverage.

Each year during Open Enrollment, everyone who is Medicare eligible has the opportunity to make changes to their plans. Outside of the Open Enrollment period, there are other situations that may allow you to make changes to your Medicare plan, such as:

• 90 days before or after turning 65
• Moving to another State or even County

If you would like some help in understanding the wide range of choices available to you for Part D, or any Medicare coverage in Prescott, why not give the experts at Adler Insurance a call at 928-710-1455. To learn more about our services, please check out our website at http://www.adlerlifehealth.com.


ADDITIONAL INFORMATION
Prescott Medicare Specialist
Medicare Supplements in Prescott
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