Adler Insurance wants to help you understand Medicare terminology in Prescott

Deciding what Medicare coverages are right for you is no simple matter, and Medicare terms can be confusing. To help you make an educated decision about what option is best, Adler Insurance shares a guide to Medicare terms that may help you prepare for enrollment in Prescott.

Open Enrollment: The annual enrollment period runs from October 15 to December 7. This is when changes may be made to your Medicare coverage if you are already enrolled. Since plan benefits may change from year to year, this is the time to review your health plan to see if your current plan still meets your needs. Changes made during open enrollment are effective on January 1 of the following year.

Original Medicare: Parts A and B are considered original Medicare and are offered by the US Government. Each part covers a different aspect of healthcare services. Part A covers inpatient care at a hospital, skilled nursing facility and in some situations it could also cover care at home. Part B covers such things as visits to your doctor, outpatient physical therapy, and occupational therapy. Between Part A and Part B, approximately 80 percent of healthcare costs are covered.

Medicare Advantage: Medicare Part C is also referred to as Medicare Advantage, and is Medicare-approved private insurance that you can purchase. Medicare pays these insurance companies to cover your Part A and B coverages. Also known as MA Plans, they are designed to save you out-of-pocket costs, and offer additional benefits such as dental care, eyeglasses and wellness programs.

Prescription Coverage: Medicare Part D is prescription drug coverage. This can be stand-alone, or a coverage that is sometimes included in a Medicare Advantage Plan. When choosing a prescription drug plan, be sure to review the formulary (list of covered drugs) to make sure any medications you take are covered in the plan.

Medigap: Medigap is private insurance coverage that supplements original Medicare and fills in the “gap” between what you are charged and what Medicare pays. The premiums are typically higher, but it reduces out-of-pocket costs for co-pays, deductibles and coinsurance.

Parts F, G, K, L, M and N are additional Medicare supplement plans that lower your out-of-pocket costs by varying degrees.

Hopefully this guide has given you some insight on what to look for when choosing or reviewing your Medicare plan. Adler Insurance, your Medicare expert in Prescott, can help you select the plan that will save you money and best fit your medical care needs. Call us today at 928-710-1455 and learn more about other types of insurance services we offer at http://www.adlerlifehealth.com.

ADDITIONAL INFORMATION
Medicare Supplements in Prescott
Prescott Prescription Drug Plans
Helpful Insurance Articles

Adler Insurance suggests adding Medicare to your to do list when moving to Prescott

Did you recently move to Prescott from another state? Even though you have to do lists a mile long, make sure that Medicare is on that list. Adler Insurance has put together this article to help you navigate through the Medicare requirements when moving to Prescott.

What type of coverage do you have?

The first thing to address is figuring out what type of Medicare coverage you have. If you reside in the United States or its territories, you can keep your original Medicare coverage (Part A and B). It is important to notify your new local health care provider about the move and they/we can help you with that transferring of records.

Do you Qualify for SEP?

If you have the Medicare supplement policy and/or Part D Prescription Drug Plan, you will want to keep a lookout for a Special Election Period, also known at SEP. Moving to another state will qualify you for the SEP. You need to notify the plan prior to moving and your SEP is four months long. If you wait until after moving to notify the plan, you have two months plus the month you notified. Just know, if you do not enroll in a new Medicare Prescription Drug Plan during your SEP, you may find yourself without drug coverage.

There are other parts of Medicare that need to be addressed, as well. Medicare Advantage plan, stand alone Medicare Part D, Medigap and even Social Security are all subject to change when you move. Just know that each and every part needs to be examined to make sure that you transfer and/or enroll properly in Arizona, so not to lose coverage or pay unnecessary penalties.

Let Adler Insurance help you with sorting out Medicare when, and even before moving to Prescott. We will make sure that you are ready for SEP, if needed, and properly enrolled with all other pieces of Medicare. The main thing is to be prepared and educated. If you need more information on making a move to Prescott with your Medicare plan, call Adler Insurance at 928-710-1455 and discover more at http://www.adlerlifehealth.com.

ADDITIONAL INFORMATION
Medicare Agent in Prescott
Prescott Medicare Insurance
Helpful Articles about Medicare

Adler Insurance Reminds You of Things to Take Care of When Moving to Prescott

You’ve made the decision to move to the Prescott area. You’ve taken care of arranging for the utilities and trash pickup for the new house. Adler Insurance in Prescott would like to remind you of some items that need to be taken care of as soon as you get into your new home.

Homeowner’s/Renter’s Insurance – If you purchased a home, you probably obtained homeowner’s insurance as part of the mortgage process. If, however, you are rented a home in the area, you will want to contact a local insurance agent and talk to them about Renter’s Insurance. Although the owner probably has insurance on the structure, all of your belongings are not covered unless you purchase coverage for them.

Driver’s License – Arizona requires that you get an Arizona Driver’s license immediately upon arriving from out of state.

Update Auto Insurance – In order to be able to register your vehicle in Arizona you will need to obtain insurance that meets Arizona minimum requirements.

New License Plates – You’ll need to transfer your vehicle registration to Arizona immediately upon your arrival. Make sure you have your current out-of-state title. Registration and lien information (if applicable) PLUS update Arizona car insurance.

Medicare – If you are over 65, you will also need to update your Medicare coverage. Many people don’t realize that Medicare Advantage and Supplemental plans vary from state to state and even county to county. If you are new in Yavapai County, you only have 60 days to apply for a new plan that provides coverage in Yavapai County, Arizona, as your old plan will no longer be valid.

If you’re new in the Prescott area, getting help on your insurance needs is as easy. To update your Medicare and life insurance contact Adler Insurance at 928-710-1455. We know Medicare insurance can seem complicated, but our professional agents can help you get the plan you need. Please check out our website for more information on the services we offer at http://www.adlerlifehealth.com.

MORE INFORMATION:
MEDICARE INFORMATION FOR NEWCOMERS TO PRESCOTT
PRESCOTT INSURANCE OPTIONS
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