Q: How much are your services?
A: I get paid by the companies I represent. This allows both of us to focus on your individual needs.
Q: What is the difference between Medicare and Medicaid?
A: Medicare (A and B) is given/offered to anyone who is 65 or older, it is also offered to anyone who has been disabled over 2 years (considered permanently disabled).
A: Medicaid is offered/given to anyone, regardless of age, based on economic standing. The federal numbers are around $1200 a month or less. State amount vary by state.
Q: What is the difference between Medicare parts A, B, C and D?
A: *Medicare parts A and B and covered by the Medicare card: A is hospitals and emergency care. Part B is more doctors and outpatient procedures.
* Part D is given to the federal government prescription drug plan or PDP plans.
* Part C is the name given to advantage plans… yes you heard me advantage plans and part C are the exact same thing.
Q: Can I get or change my insurance mid-year?
A. The answer is… maybe. If you are out of AEP (October 15th – December 7th), OEP (January 1st – March 31st)or you are under 65 (November 1st – January 15th) then you will need a SEP and there are hundreds of these, with each one unique so your best bet is to call your advisor to see if you qualify.
Q: What is the difference between a supplemental insurance (also known as Medigap) or Advantage plans (also known as part C).
A. The short answer is: Supplementals are paid monthly and Advantage plans are more pay as you go… but the differences go way beyond this and should really be discussed with an insurance professional so they can walk you through it step by step.
Q: Are the ads on TV true?
A. Half of the questions on this page will probably deal with this very question. The answer is complicated, some yes, some no. There are SOME people to whom these ads might be true. Some programs do offer thousands in benefits. Some Medicaid plans offer to pay your monthly part B costs. Instead of giving your personal information to these international call stations for pie in the sky freebies, I once again suggest you talk to a local certified insurance agent.
Q: Do I need to do anything to keep my insurance year to year?
A. No. Once again most of what you hear about ‘losing’ benefits or “your Medicare plans have changed” although there might be a little bit of truth to these, most of these are just fear tactics so you will call them and give them your personal information.
Q: Did the president sign a new bill giving Medicare recipients $900 (or enter any amount of money here) free? Or enter any new information that the ads tell you is true.
A. Once again it is truth, but mixed with parts of deception. In this case, the $900 is the average amount of ‘more’ money you will make from social security if you WAIT until you are 70 to start your social security.
You don’t have to do this alone
Our goal at Lowe Insurance is simple: help you to understand how the health insurance system works and guide you to the plan that best fits your needs