Blog By Allen Heffler - Medicare & insurance broker By Allen Heffler Willow Grove

Over 65 and Leaving Employer Health Insurance?

05/28/2014 If you are 65 years of age or older and leaving employer based health insurance, there are several important steps that you must do concerning your health coverage. First, you must insure that you have both Medicare Part A and Medicare Part B. If you work for a larger employer, chances are good that you do not have Medicare Part B. You need to apply for Medicare Part B by going to your local Social Security office. There, they will give you a form that your employer needs to complete (verifying past employer-based creditable coverage). The second step, which can be done concurrently with the above first step, is to apply for Medicare Insurance- either Medicare Supplement and Part D, or a Medicare Advantage Plan. I realize that all of this can seem a bit overwhelming, but that is exactly where Allen Heffler can help! Allen specializes in Medicare Insurance, and he can walk you through the process every step of the way. Call Allen Heffler at (215) 658-1776

Obamacare & Medicare Insurance

04/21/2014 I have been asked often if Obamacare impacts Medicare Insurance. The short answer to this question is that, for the most part, no. Yes Medicare and Medicare Insurance will be changing in the future. But those change have nothing to do with Obamacare, and everything to do with Washington and CMS trying to keep Medicare afloat and sustainable in the future. This being said, Obamacare will have some future impact on Medicare. The donut hole that seniors face will be reduced over the next several years. The real concern with Obamacare is will the system strip money out of Medicare in order to pay for Obamacare? Say tuned. Allen Heffler

Understanding the Difference between Medicare Parts & Medicare Plans

Posted on 06/17/2013 When jumping into the Medicare landscape, seniors often confuse the “Parts” of Medicare with the various “Plans” offered as Medicare Supplement. Despite the similarities between the words Part and Plan, they have two totally different meanings. It is important to know the difference between your parts and your plans! There are four Parts of Medicare- Part A, Part B, Part C and Part D. Medicare Parts & B constitute original Medicare.

Part A: Covers hospital care, skilled nursing facility care, hospice and some home health services.
Part B: Covers doctors’ services and other outpatient care. Additionally, it covers certain physical and occupational therapist services, and some home health care.
Part C (Medicare Advantage): These plans are sold through private insurance companies, combining Parts A, B, and sometimes D as well.
Part D: Offers prescription drug coverage through the purchase of a stand-alone Prescription Drug Plan or combined with Part C coverage through a Medicare Advantage Prescription Drug (MAPD) plan. Each Part D Plan has its own list of covered drugs (called a formulary).

On the other hand, there are Medicare Supplement “Plans.” There are ten different Medicare Supplement (also know as Medigap) Plans- Plan A, B, C, D, F, G, K, L, M and N. It is important to know that when talking about Part C or Plan C, each phrase means two totally different things. If someone is speaking about Part C, they are referring to Medicare Advantage coverage, such as Keystone 65, offered through Independence Blue Cross. If someone is referring to Plan C, they are referring to a Medigap Plan. No one is required to purchase a Medigap Plan. However, since Original Medicare was never designed to cover all health costs, seniors often enroll in these plans for the additional coverage. Medigap Plans fill the “gaps” in coverage that exists in Original Medicare. We understand that all of this can be very confusing. MyMedicareAdvisor is here to help. Just call (215) 658-1776

Save Money with Medigap Plan N

Posted on 06/14/2013 Medicare Advantage Plans such as Keystone 65 are gaining popularity due to strong coverage and very low premium. However, Medicare Supplement Plans (also called Medigap) are still the majority of Medicare Insurance plans being purchased by seniors. Medicare Advantage plans are Part C of Medicare. These plans are offered through private health care companies, such as Independence Blue Cross. They have contracts and are subsidized by CMS. The reason that Medicare Advantage Plans have been very popular is the very low premium, which can range from $0-$50/month (which includes Rx). The trade-off is that these plans have higher co-pays for your medical care, such as doctor visits, hospital stays, surgery, physical therapy etc. Lastly, these plans are typically HMO’s- where you must utilize their network of doctors and hospitals and you must get referrals. Medigap Plan F has been the most popular Medicare Supplement Plan. With a Medigap Plan F, a senior received comprehensive health coverage with very little or no out of pocket costs-no co-pays for virtually everything. The only downside to a Medigap Plan F is the cost, which is substantially higher than a Medicare Advantage Plan. In June 2010, the Federal Government introduced a new Medigap Plan- Plan N. This new plan offers seniors the best of both worlds- lower premiums and very low co-pays. No surprise that seniors are flocking to Medigap Plan N. With Plan N, participants must pay the Medicare Part B annual deductible (in 2013- $147), up to a $20 co-pay for doctor/specialist visits, $50 co-pay for emergency room visits and any excess charge over and above the Medicare approved charge (not in Pennsylvania). That’s it! And with all Medigap plans, there are no networks to be concerned about and no referrals required. Are you researching Medicare Plans? Looking for comprehensive coverage at a reasonable cost? Medicare Supplement Plan N might be the plan that works best for you. Call us and let us assist you- MyMedicareAdvisor (215) 658-1776.