Whether you’re moving out of state or making a move within Florida, there are opportunities to change your plan or to enroll in a new plan if necessary. SEP or Special Enrollment Period allows you to change your policy outside of the OEP (Open Enrollment Period). Typically, you have 60 days to change your plan if you move. This allows you to either keep your existing plan or enroll in new coverage. Having an experienced agency guide you through this intricate process is ideal so that you and your family are certain not to be left without coverage.
What Do I Need to Know About Medicare?
Medicare is a sophisticated system but maneuvering your way through the maze is the tricky part. You’ll want to have the best coverage based on what your income will allow.
Medicare has several parts:
• Part A (hospital)
• Part B (physician & out-patient services)
• Part C (Medicare Advantage Plan)
• Part D (prescription drug coverage)
Because Medicare only covers approximately 80%of Part B expenses, most individuals will need to enroll in supplemental coverage to cover the cost associated with outpatient services.
At age 65, most people enroll in Medicare Part A & Medicare Part B. Medicare only covers about 80% of Part B expenses. You are responsible for the other 20%.
When you opt to enroll in Medicare Part C (Medicare Advantage Plan), it combines Part A, Part B and sometimes Part D coverage. This is similar to PPO & HMO plans, which have co-pays or deductibles instead of the 20% balance that Medicare does not cover. The benefits depend upon the policy you select.
Ballo Insurance and Associates Inc.
Insurance issues and changes can be confusing. Trusting just any run of the mill company is often intimidating for most individuals. How do you know you’re getting the best advice? Ballo Insurance and Associates Inc. is trusted because of their impeccable service and commitment to their clients. They form life-long relationships with their clients, and the results are what keep them in the forefront of the community.
Ballo Insurance and Associates Inc., specializes in Medicare solutions and offers a wide range of options from many carriers to help you find the best fit. From Medicare Advantage, Medicare
Supplement and Part D Prescription Drug Plans it’s important to understand the choices you have in plans and how those choices can affect your health and budget.
Ballo & Associates
10998 Bonita Beach Road
Bonita Springs, FL 34135