At age 65 all U.S. citizens receive medical insurance from the Federal government. This
coverage is called Medicare.
Medicare covers a majority of medical expenses but does have deductibles and
exclusions. These deductibles and other costs can be covered by a Medicare supplement
policy or a Medicare Advantage policy.
These two types of policies vary greatly in costs and coverage. A Medicare supplement
policy covers Part A and B deductibles plus other costs. A Medicare Advantage policy
has a deductible but includes drug coverage and some extra services. Also, Medicare
Advantage usually has a low monthly premium.
Your Medicare supplement plan should reflect your lifestyle and financial situation. A few
questions you should ask your agent are listed below. If your agent asks why the
questions find another agent.
1) Do you travel?
2) Do you travel outside of the US?
3) Can you afford the deductibles?
There are a number of traditional Medicare supplement policies. These policies have a
“letter” designation. The designations are A through N. Mr. Bell generally recommends D or
F. Of course as usual ,”we have to talk”.
You have three months before or after your sixty fifth birthday to enroll in
If you want to change your policy, it must be done during "Open Enrollment".