

How Do I Know If Part D is Right For Me?
Medicare is divided up into four different parts. This allows beneficiaries to select the parts that align
Medicare is the federal health insurance program for people who are 65 or older, certain younger people with disabilities, and those with end-stage renal disease.Â
If you’ll be turning 65 soon, you have some important healthcare decisions to make.
Medicare Supplements are used to cover most, if not all, of the remaining medical costs that Original Medicare does not pay. There are 10 different plans to choose from, each one offering a certain list of benefits
Medicare is a national health insurance program for folks who are 65 or older, certain younger people with disabilities, and those with end-stage renal disease.
If you’re turning 65 soon, you’ll have some critical healthcare decisions to make.
Medicare Part D provides prescription drug coverage. Insurance companies offer this benefit either as an independent plan or beneficiaries can select a Medicare Advantage plan that also includes prescription drug coverage.
Original Medicare covers dental, vision, and hearing only when it is linked with inpatient or outpatient medical needs. We’ll explain what Medicare covers and what you’ll have to buy additional coverage for, should you need it. If you need additional coverage, we can help!
Long-term care (LTC) insurance pays for help with simple activities like bathing, eating, and dressing. It covers expenses that Medicare and health insurance don’t pay for.
Despite what your presumptions may be, long-term care needs aren’t restricted to senior citizens. Approximately 37% of long-term care services are given to people under 65.
Regardless of who you are, life insurance must be a part of your plan. Insurance coverage keeps your loved ones from incurring your debts, should something happen to you. Plus, it can help protect your business, provide for your kids, supplement your retirement, and give you peace of mind.
Annuities are investment products issued by insurance companies. They pay a guaranteed income for a period of years or for life. To purchase an annuity policy, you can make a single payment or a series of payments.
We are always here for our clients, and we’re ready to answer any questions you may have.
For more information or to schedule an appointment, contact us today!
Phone: 830-217-6711
Email: ron@t65s.com
Address:
1619 E Common St Suite 701
New Braunfels, TX 78130
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Monday       9 AM to 4 PM
Tuesday       9 AM to 4 PM
Wednesday    9 AM to 4 PM
Thursday       9 AM to 4 PM
Friday        9 AM to 11 AM
When you need financial advice, you can rely on the experts at Turning 65 Solutions. Our financial planning blog covers an array of topics, from retirement planning tips to the latest Medicare news. Read, learn, and stay informed as you plan for the future and live your best life.
Medicare is divided up into four different parts. This allows beneficiaries to select the parts that align
Medigap Plan F can be sold with a new high deductible option. If you have come from high-deductible or health savings account qualified plans in your workplace, you may be interested in this plan.Â
However, if you are new to Medicare, you do not have access to this version of Plan F. Those new to Medicare are people who turned (or will turn) 65 on or after January 1, 2020, and those who first become eligible for benefits due to disability, age, or end stage renal disease (ESRD).
The only difference between regular Medigap Plan F and High Deductible Plan F is the deductible. With this plan, you have to pay Medicare-covered costs like coinsurance and copayments up to the deductible amount before your plan will bear the expense. In 2020, the deductible amount for High Deductible Plan F is $2,340. Medicare adjusts this deductible each year, so it increases a little over time.Â
Like all Medigap plans, this High Deductible counterpart increases your Original Medicare benefits. So, Medicare will pay its share, and you will pay yours. Medicare still pays 80%.
Once you hit the deductible for this plan, you will get the same coverage as a standard Plan F plan. Since the deductible is so high, expect to pay a lower premium for a High Deductible Plan F plan. Essentially, you are paying more up front so that you pay less each month.
After you pay the first $2,340, you get these benefits:
You may wonder why a person would want a plan with a $2,340 deductible. When you choose a High Deductible Plan F, you will have lower premiums. This concept appeals to those who have a substantial amount of retirement savings. These people can usually afford to spend money out of their own pocket in a year of greater healthcare usage.  Â
Note that pricing for this plan varies among different insurers, and not all carriers have this particular plan.
We want to make sure that you are selecting the right Medicare plan for your needs. Some clients, for example, change their mind after a few months and want to apply for a regular Plan F. We are here to help you compare the benefits and drawbacks of your options. It is important to receive the best deal for your situation and keep the process as smooth as possible.
Give us a call at 830-217-6711!
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