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.