Becoming disabled through an injury or sickness can mean a significant loss of income. Disability insurance is a form of health insurance that provides a person who becomes disabled with income to cover living expenses that continue in spite of the disability.
When it comes to Medicare it is important that you know the whole story. In 1965 when Medicare was created, that was all the coverage you needed when you turned age 65. But being in the US budget made it vulnerable to cuts in benefits when our government needed to reduce spending.
Now you need a Medigap program to supplement what Medicare does not cover in full. Without a supplement plan, you are opening yourself to serious medical expenses that Medicare does not cover such as your Hospital Deductibles and Medicare coinsurance.
Options for supplement plans include:
Federally-standardized supplements
HMOs
Specially approved select plans
Long-term care options
Plans with or without drug benefits
Plans with annual deductibles to lower premiums
Medicare supplement plans are guaranteed-issue for those who are within six (6) months of turning age 65 and becoming eligible for Medicare Parts A & B, and for those who are coming from employer-based group plans and are applying within six (6) months of obtaining Medicare Part B.
With so many options available, sorting through them can be difficult. Let us help you understand and make the best choice for you. Call us at (800) 301-2583 or (415) 664-3696.
