Medicare Supplements

8 July 2011, 10:06

The Cason Group

The Baby Boomer generation began turning 65 as of January 1, 2011. The statistics have been varied, but generally speaking, there will be 10,000 people a day entering Medicare eligibility age for the next 18 years. These folks are going to be looking to purchase Medicare Supplements and therefore are going to need an agent to advise them which one to choose.

What many seniors and brokers don’t realize is that Medicare has no limit on out-of-pocket exposure. In other words, if you rack up a huge medical bill and have only Medicare insurance, you pay an unlimited 20 percent. The main benefit a Medicare Supplement plan is that it puts a cap on medical costs.

With a Medicare Supplement the client will know in advance his or her medical costs for the year. For example, with a Plan F, the member’s total exposure is his or her monthly premium. Even if the client’s plan has a deductible, he or she will still know for sure the maximum amount they’d have to pay for out-of-pocket expenses.

Altogether, Medicare Supplement insurance allows your client to limit his or her exposure and have predictable expenses at an age when clients covet predictability. So, which Medicare Supplement policy is the best fit for your client? I am here to assist you in answering that question; give me a call and let’s work through the options.