Medicare beneficiaries in Corinth Mississippi have many Medicare choices. There are 60 insurance companies are authorized to offer 11 different Medigap policies. There are 20 different Medicare Part D prescription drug plans and 3 different Medicare Advantage plans.
People with Original Medicare can purchase a Medigap policy to pay most of the out of pocket costs. In fact, Plans F, G & N pay almost all of the Medicare A&B covered out of pocket costs. Part D Prescription coverage and Dental, Vision & Hearing coverage is also available with Original Medicare.
Medicare Advantage Plans are a different type of Medicare administered by private insurance companies and approved by Medicare. Medicare Advantage Plans are not Medigap policies, and people with Medicare Advantage cannot purchase a Medigap policy. There is an annual out of pocket limit with Medicare Advantage which is generally between $6,700 – $10,000. Medicare Part D prescription benefits and limited dental vision & hearing benefits may be included with Medicare Advantage.
Medigap and Medicare Advantage have different underwriting criteria. Medigap policies have a one time 6 month open enrollment period which begins on your Medicare Part B effective date. During this time anyone can enroll in any Medigap Plan without answering health questions. Unless you are losing another qualified coverage, this is the only time you can sign up on a Medigap Plan without answering health questions.
Medicare Advantage has an initial enrollment of 7 months beginning 3 months before the month you turn 65. Each year after that there is an Annual Election Period that you can use to change Medicare plans. The only health question on MA plans refers to end stage renal disease.
With all these different plans and rules, it is essential to get help from an experienced broker. A captive agent is only authorized to sell one or two plans and cannot exlain all your choices. The agents of Brock & Credille Insurance are all highly trained brokers with an average of 13 years Medicare experience. We have the tools to compare plans side by side for you, and we can explain the plans to you in understandable terms.
Brock & Credille Insurance offices are located in Belmont and Tupelo Mississippi. We are open Monday through Friday from 9:00 to 5:00. You can apply online, over the phone or in person. In home appointments are available for people with disabilities.
If you want to save money and get the best service available, call us! You are under no obligation to buy anything. You might be surprised when you learn how much you can save, and you may be qualified for better coverage too!