Medicare supplemental insurance, also known as Medigap, can help to pay healthcare costs not covered by the government healthcare program for older Americans. This can include such things as co-payments, deductibles, and co-insurance. It can also cover expenses that Medicare would outright decline, including medical care you receive outside of the United States.
Macino Financial has worked with numerous people of retirement age. We advise on multiple aspects of navigating the retirement years, including dealing with Medicare and applying for supplemental coverage. It’s no secret that people over age 65 have higher healthcare expenses than younger age groups. A Medicare supplemental insurance plan could be ideal if you have higher than normal healthcare expenses or you just don’t want to eat up all of your retirement savings. As compassionate and knowledgeable financial advisors, Macino Financial understands that many of our clients feel concerned about managing the cost of long-term care. We will help you evaluate several different policies and then make a recommendation based on your unique coverage needs.
When you’re new to Medicare coverage, understanding the terminology is challenging enough. For instance, Medicare has Part A for hospital coverage but not doctors’ fees. Part B covers medically necessary supplies and services to treat your health condition. This includes most outpatient services. Before you can apply for Medicare supplemental insurance, you must enroll in both parts of the Medicare program. Some other rules to keep in mind include:
If you feel overwhelmed just reading this, don’t worry. We understand Medicare and the supplements available for it very well. We will work with you for as long as it takes to locate the most benefit-rich plan.
We want what is best for our clients, including helping you avoid common social security planning mistakes. By taking the time to meet with David or his team at MFS now, you can enjoy your retirement years to the fullest and see for yourself about being a social security millionaire.
Investment advisory services offered through Virtue Capital Management, LLC (VCM), a registered investment advisor. VCM and Macino Financial Services are independent of each other. For a complete description of investment risks, fees and services, review the Virtue Capital Management firm brochure (ADV Part 2A) which is available from your Investment Advisor Representative or by contacting Virtue Capital Management.
The content of this website is provided for informational purposes only and is not a solicitation or recommendation of any investment strategy. Investments and/or investment strategies involve risk including the possible loss of principal. There is no assurance that any investment strategy will achieve its objectives.
Information provided is not intended as tax or legal advice, and should not be relied on as such. You are encouraged to seek tax or legal advice from an independent professional.
Macino Financial Services and/or David Macino are not affiliated with or endorsed by the Social Security Administration or any other government agency.
Fiduciary duty extends solely to investment advisory advice and does not extend to other activities such as insurance product sales, including annuities, life insurance, and long term care insurance or broker dealer services. Advisory clients are charged a monthly fee for assets under management while insurance products pay a commission, which may result in a conflict of interest regarding compensation. IAR is also a licensed insurance agent. In this capacity, IAR may offer fixed life insurance products and receive normal and customary commissions. The client is under no obligation to purchase products through IAR on a commissionable basis. In addition, IAR may receive other compensation such as fixed or variable life trails. The potential for receipt of commissions and other compensation when IAR acts as an insurance agent may give IAR an incentive to recommend insurance products based on the compensation received.
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