Compare Medicare Supplements

IMPORTANT NOTE: Starting January 1, 2020, Medigap plans sold to new people with Medicare won’t be allowed to cover the Part B deductible. Because of this, Plans C and F will no longer be available to people new to Medicare starting on January 1, 2020. If you already have either of these 2 plans (or the high deductible version of Plan F) or are covered by one of these plans before January 1, 2020, you’ll be able to keep your plan. If you were eligible for Medicare before January 1, 2020, but not yet enrolled, you may be able to buy one of these plans.

Compare Medicare Supplement (Medigap) policies side-by-side

Compare Medicare Supplement Plans in New Hampshire and Maine.  Compare costs. Quote rates and find local agent to help you find the best plan. Top plan, Best Medicare Supplement Plan in Maine.

If you live in Massachusetts, Minnesota, or Wisconsin, Medigap policies are standardized in a different way.

Would you like my help?

If you would like help finding the right plan or just want to ask a few questions, you can call me directly at 207-370-0143 or use my simple form on the CONTACT page of this site to send an email message. The best part about working with me is that it will not cost you anything to talk with me to discuss your options and review the plans that are available.

I am paid by the insurance companies in the form of a commission when you enroll in a plan. You will not pay anything to meet with me and you will pay the same price for your insurance that everyone pays whether they had my help or not.

“My goal is to help people and I have found great joy in being able to offer my services to people who need my help.”

Book an appointment with Maine Medicare Options using SetMore

2019 Medicare Costs

Medicare Part A

Most people don’t pay a monthly premium for Part A (sometimes called “premium-free Part A”).  If you paid Medicare taxes for 40 or more quarters and you have earned your Social Security Benefit then you will not pay the Part A premium.  You have earned it through your taxes.

However, if you paid Medicare taxes for less than 30 quarters, the standard Part A premium you will pay is $437.  

If you paid Medicare taxes for 30-39 quarters, the standard Part A premium is $240. 

Medicare Part B

The standard Part B premium amount for 2019 will increase by $1.50. The premium will increase from $134 to $135.50.

Medicare Deductibles

The annual deductible for all Part B beneficiaries will be $185.00 in 2019.  However, depending on the insurance plan you choose, this deductible may be covered by your supplmental insurance plan.

The Medicare Part A annual deductible that beneficiaries pay when admitted to the hospital will be $1,364.00 in 2019.. The Part A deductible covers your share of costs for the first 60 days of Medicare-covered inpatient hospital care per stay in the hospital. After this 60 day period the daily coinsurance amount will be $341 for days 61 through 90 and $682 for each lifetime reserve day used.  Again, depending on the insurance plan you choose, these deductibles and some coinsurance amounts may be covered by your insurance plan.

Higher income households will pay more.

If your household income is more than $85,000 and you are single or more than $170,000 and married you will pay a higher monthly premium for Part B that will be between $189.60 to $460.50 depending on your income.  Click here to download a pamphlet from Social Security titled, “Medicare Premiums: Rules for Higher-Income Beneficiaries for more information.”

Your income is based on your tax return from 2 years prior.  Meaning for 2019 Social Security will use your tax return from 2017 to determine your household income.  But you may be able to get the high-income surcharge reduced or eliminated if your income has decreased since then because of certain life-changing events, such as the death of a spouse, divorce, retirement or reduced work hours.  In that case, you can ask Social Security to use your more recent income instead.  Contact the Social Security Administration, estimate your 2019 income, and provide evidence of the change, such as a marriage or death certificate, a signed statement of retirement from your employer, or pay stubs showing your reduced income.nk is external)

Are you retiring in 2019?

There is no cost or obligation for you to talk to me and get the answers to your questions.  I welcome all questions and it is my goal to be the single best resource in the state for such questions. And when the time comes for you to enroll in a Medicare Supplement and Prescription Drug Plan, I will help you with that too.

I am a licensed insurance agent working in Maine and New Hampshire.  I have contracts with the top health insurance companies available in the area.  I am able to help you via email, on the phone, or in person.

If you would like to review your options over the phone or schedule a meeting at your home or office you can reach me at 207-370-0143 or schedule an appointment on my booking website here.(link is external)

“The best part about working with me is that it costs you nothing and you benefit from my full knowledge and experience.”

That’s right.  You pay nothing to meet with me.  I am paid by the insurance companies in the form of a commission when you enroll in a plan. You pay the same price for the insurance whether you go direct to the insurance company or take advantage of working with someone who has experience and knowledge to help guide you. My goal is to help people and I have found great joy in being able to offer my services to people who need my help.

Would you like my help?

If you would like to talk to me or schedule a meeting at your home or a nearby meeting place, you can reach me at 207-370-0143 or use my simple form on the CONTACT ME page of this site to send an email message.  The best part about working with me is that it will not cost you anything to meet with me to discuss your options or to review the plans that are available.  I am paid by the insurance companies in the form of a commission if you enroll in a plan.  You will not pay any more than anyone else and you are under no obligation whatsoever to enroll in any plans if you meet with me.

“My goal is to help you and I have found great joy in being able to offer my services to people who need my help.”

Book an appointment with Maine Medicare Options using SetMore

2019 Part D Costs

The Centers for Medicare and Medicaid Services (CMS) has released the 2019 costs for a standard Part D prescription drug plans.

Here are the highlights for the CMS defined Standard Benefit Plan changes from 2018 to 2019. This “Standard Benefit Plan” is the minimum allowable plan to be offered by insurance company who has a contract with Medicare to offer Part D prescription drug insurance.

  • Initial Deductible:
    will be increased by $10 to $415 in 2019.
  • Initial Coverage Limit (ICL):
    will increase from $3,750 in 2018 to $3,820 in 2019.
  • Out-of-Pocket Threshold:
    will increase from $5,000 in 2018 to $5,100 in 2019.
  • Coverage Gap (donut hole):
    begins once you reach your Medicare Part D plan’s initial coverage limit ($3,820 in 2019) and ends when you spend a total of $5,100 in 2019.
    In 2019, Part D enrollees will receive a 75% discount on the total cost of their brand-name drugs purchased while in the donut hole. The 70% discount paid by the brand-name drug manufacturer will apply to getting out of the donut hole, however the additional 5% paid by your Medicare Part D plan will not count toward your TrOOP (True Out Of Pocket).
    For example: if you reach the donut hole and purchase a brand-name medication with a retail cost of $100, you will pay $25 for the medication, and receive $95 credit toward meeting your 2019 total out-of-pocket spending limit.
    Enrollees will pay a maximum of 37% co-pay on generic drugs purchased while in the coverage gap (a 63% discount). For example: If you reach the 2019 Donut Hole, and your generic medication has a retail cost of $100, you will pay $37. The $37 that you spend will count toward your TrOOP (True Out Of Pocket).
  • Minimum Cost-sharing in the Catastrophic Coverage Portion of the Benefit**:
    will increase to greater of 5% or $3.40 for generic or preferred drug that is a multi-source drug and the greater of 5% or $8.50 for all other drugs in 2019.
  • Maximum Co-payments below the Out-of-Pocket Threshold for certain Low Income Full Subsidy Eligible Enrollees:
    will increase to $3.40 for generic or preferred drug that is a multi-source drug and $8.50 for all other drugs in 2019. 

If you live in Maine or New Hampshire and would like to learn more about the new Medicare plans for 2019 or to go over the changes in your plan, you can call me at (207) 370-0143 or CLICK HERE to send me an email message.

You can also use the BOOK APPOINTMENT(link is external) button below to set up a time to speak with me on the phone or in person. I can also send you information in the mail if you choose. 
Have a question that needs to be answered right away?  You can talk to a licensed insurance agent by calling (207) 370-0143 or toll free 866-976-9038.
Book an appointment with Maine Medicare Options using SetMore

C.O.B.R.A.

Everything you need to know about COBRA

COBRA provides the ability for you and the dependents covered on your health plan to keep coverage after you lose your job or lose coverage for other reasons.

You are eligible for COBRA if your employer’s health plan covers at least 20 employees and you have had an acceptable “qualifying event.”   

A qualifying event is something that causes you or your dependents to lost health coverage, such as termination of employment, loss of full-time status, divorce or legal separation, or turning 26 (in the case of your children.)

If you have one of these events, your employer will notify you of your option to enroll in COBRA coverage within 14 days of the plan ending.  You will then have 60 days to decide if you want to enroll.

You can keep COBRA coverage for 18 or 36 months, depending on the qualifying event.

In general, COBRA only applies to employers with 20 or more employees. 

But, some states require employers covering employers with fewer than 20 employees to let you keep your coverage for a limited time.  This is often referred to as “Mini-COBRA” and you can read more about how Maine handles this here:  https://www.maine.gov/pfr/insurance/faq/cobra_faqs.html
 

Your Employer’s Responsibility:

The employer must tell the plan administrator if you qualify for COBRA because of one of these reason:

  • The covered employee dies
  • The covered employee lost her/her job
  • The covered employee becomes entitled to Medicare
Once the plan administrator is notified they must let you know you have the right to choose COBRA coverage.
 

Your Responsibility:

You or the covered employee are responsible to notify the plan administrator if you qualify because of on of the following reasons:
  • You’ve divorced or legally separated from the covered employee
  • You were a dependent child or dependent adult who is no longer a dependent.
You will need to tell the plan administrator about your change in situation within 60 days of the change in order to qualify for COBRA.
 
 

COBRA and MEDICARE:

Something really great about COBRA that is not widely known is that if the covered employee becomes entitled to Medicare and the spouse is a few years younger, you do not have to keep working to keep your spouse insured.   Your spouse and dependents may keep COBRA for up to 36 months if you lost coverage due to enrolling in Medicare!
 
You may also keep COBRA coverage for services that Medicare does not cover, such as vision and dental. 
 
You may – for example – if you have COBRA dental insurance, the insurance company that provides your COBRA coverage may allow you to drop your medical coverage but keep paying the premium for the dental coverage as long as you are entitled to COBRA coverage.
 
If you have Medicare Part A or Part B when you become eligible for COBRA, you must be allowed to enroll in COBRA if you choose.   Medicare will be the primary insurance and COBRA will be secondary.  You should keep Medicare because it is responsible for paying the majority of your health care costs.
 
NOTE:  COBRA is typically much more expensive than the most expensive Medicare plans so it makes sense to talk to an agent or broker like myself to know your options before you decide to go with COBRA and compare costs.

 

Read more about working with an agent.

 

 
If you have questions about Medicare or COBRA, you can reach out to me using the CONTACT button on the menu at the top of this website or by calling (207) 370-0143.  You can also reach out to the government agencies below.
 
If you are leaving a government employer contact:
The Benefits Coordination & Recovery Center (BCRC) at 1-855-798-2627.
 
If you are leaving a private employer contact:
The US Department of Labor at 1-866-487-2365
Maine DOL: (207) 623-7900
New Hampshire DOL: (603) 271-3176
 
 
If your employer group health plan coverage was from a state or local government employer then call
The Centers or Medicare and Medicaid Services (CMS) at 1-877-267-2323 extension 61565.
 
 
 

Would you like my help?

If you would like help finding the right plan or just want to ask a few questions, you can call me directly at 207-370-0143 or use my simple form on the CONTACT page of this site to send an email message.  The best part about working with me is that it will not cost you anything to talk with me to discuss your options and review the plans that are available.  I am paid by the insurance companies in the form of a commission when you enroll in a plan.  You will not pay anything to meet with me and you will pay the same price for your insurance that everyone pays whether they had my help or not.

“My goal is to help people and I have found great joy in being able to offer my services to people who need my help.”

Book an appointment with Maine Medicare Options using SetMore

 

Vitamins and Supplements

More and more of my clients are asking about coverage for vitamins and dietary supplements because their doctors are recommending vitamins and nutritional supplements, such as vitamin D and calcium.

Original Medicare doesn’t cover vitamins and supplements. However some of the insurance plans do offer coverage for them.

If you have a Medigap and a Stand-alone Part D Prescription Drug Plan

Some Medicare Prescription Drug Plans will cover certain vitamins and supplements. Every Medicare Prescription Drug Plan has its own list of covered drugs called a formulary. Check your plans formulary to see what is covered.

In general, Medicare Prescrption Drug Plans will not cover vitamin supplements.  But Part D plans that have “enhanced alternative coverage” included in their benefits may include coverage for some vitamins and supplements. Enhanced alternative coverage means the plan’s formulary contains additional items that go beyond the standard Medicare Part D coverage.

You should contact the agent who helped you find your plan to find out if it offers enhanced alternative coverage and what, if any, prescription vitamins and supplements are covered.

A plan’s formulary may change from year to year. Each year you will receive notice of plan changes and it’s a good idea to review those changes and talk to your agent if you have any questions or concerns.

Feel free to contact me if you would like to learn more about your Medicare coverage and options.  I am always happy to answer questions.

If you have a Medicare Advantage Plan (MA-PD)

Sometimes referred to as a Part C plan, Medicare Advantage plans have your prescription drug coverage built into the plan.  These all-in-one plans also sometimes offer other the counter drug benefits as well as enhanced alternative coverage.  To access the over-the-counter (OTC) benefit you usually have a cataloge of covered items, such as vitains, aspirin, cough syrup, antacidis, bandages, cotton swaps and more expensive things like heating pads or incontience supplies.

Generally the plans that offer this type of coverage give you a set dollar amount ($200 per year, $50 per quarter or $25 or $40 per month) and you simply order each month from the catalog and they ship it to free of charge.

If you would like to know if your plan includes these benefits you can give me a call at (207) 370-0143 or reach out to me via email using the CONTACT button on the menu at the top of this webpage.

And if you have any questions about this topic or need help finding a better plan or making a change, I will be happy to help you.

And it won’t cost you anything!

I do not charge anyone the assistance that I provide. I am an independent agent so I don’t work for the insurance company. I work for you. Just like your car insurance agent – I help you search all the different compaies to find the best price and the best coverage. I help you fill out the application and then turn it into the insurance company and follow up on it for you. If there are any difficulties I help you thtough them. Working with me makes Medicare easy!

You can use the BOOK APPOINTMENT(link is external) button below to set up a time to speak with me on the phone or in person. I can also send you information ahead of time to get you started. 
 
Book an appointment with Maine Medicare Options using SetMore

 

 
Have a question that needs to be answered right away?
 
Just give me a call at your convenience.  
 
You can talk to me at (207) 370-0143
or call toll free 866-976-9038. 
Or send me an email using this form –> https://www.mainemedicareoptions.com/contact
 
 
 

Are you turning 65 and still working?  Read this.

 

Need to Change Plans?

If you need to change your Medicare Advantage plan or want to leave your Medicare Supplement or Medigap plan but are worried that you missed the December 7th deadline you can stop worrying right now!

You still have time to make a change!

Medicare’s Annual Election Period (AEP) ended on December 7th – that’s true – but there are some other less commonly known Election Periods or Enrollment Periods during the year that can help you!

This is why I tell all my clients to call me if they need to make a change – no matter what time of year – because there are many opportunities within the Medicare rules and Congress changes these rules every year.

I joke with my clients that, “You don’t have to remember everything I tell you, just remember my phone number!”  That usually gets a laugh but it’s absolutely true.  

So, how do you keep up with the changes?

You don’t have to. That’s what your insurance agent does!

Each year in the fall Medicare will mail you a copy of the Medicare and You Handbook but some of the information is a year behind because they print it before all of next year’s changes are known.

As part of my job, I keep current on all the changes within the Medicare system and the changes that effect my clients and the Medicare insurance plans and prescription drug plans.  I am always reading and researching ways to help people compare and get the coverage they need and find the best plans and best prices. 

Starting January 1, 2019 you have a new opportunity to make one change.

If you have a Medicare Advantage plan and need to change to a different plan or if you want to leave your Medicare Advantage plan and return to Original Medicare and get a Medigap plan with a new Part D prescription drug plan you can do this at the beginning of the year.

That’s right. You can still make the changes you need. But you must act quickly because each different plan has a different timeline on when the changes can be made.

The rules and deadlines are different depending on the type of plan you currently have so if you want to call me we can discuss your specific options. My number is (207) 370-0143.

If you want to read more on your own before we talk you can review these new rules on Medicare.gov.

If you would like to talk to me or schedule a meeting at your home of in my office come to my office, you can reach me at 207-370-0143 or use my simple form on the CONTACT page of this site to send me an email message.

The best part about working with me is that it will not cost you anything to meet with me or to discuss your options or to review the plans that are available. I am paid by the insurance companies in the form of a commission – just like your car insurance agent. I get paid by the insurance companies to help you!

My goal is to help people and I have found great joy in being able to offer my expertiese and knowlege to people who need my help.

You can call me at 207-370-0143 or you can book an appointment online – it’s quick and easy!

 

FREE DENTAL DAY!

Dentists Who Care for ME annual event is Friday, Nov 2!

Free services will be offered by dentists in Falmouth, Portland, South Portland, Scarborough, Skowhegan, & Presque Isle.

What services are free?

The free care being offered Friday includes cleanings, fillings, extractions or referral to a specialist. People will be able to get one treatment each.

In addition to dentists, dental hygienists will also be on hand to help educate people, especially those who rarely see a dentist, about caring for their teeth.

When and Where?

Most of the participating offices will open at 8 a.m. Friday but their hours will vary. One location in Topsham is open on Thursday, Nov 1 only.

Services will be offered on a first come, first served basis so get there EARLY!

To see a complete list of the participating dental offices, go to Dentistswhocareforme.com

If you miss this event or if there is no dentist in your area participating, check to see if your current medicare plan offers any dental coverage. [READ MORE …]

If you would like to ask a question or schedule a meeting, you can call me directly at 207-370-0143 or use my simple form on the CONTACT page of this site to send an email message.

The best part about working with me is that it does not cost you anything to talk with me to discuss your options and review the plans that are available.  My services are free to you. I am paid by the insurance companies in the form of a commission when you enroll in a plan.  You pay nothing for my help!

And you will not pay any more than anyone else and you are under no obligation whatsoever to change your plan if you talk with me.

“My goal is to help people and I have found great joy in being able to offer my services to people who need my help.”

Book an appointment with Maine Medicare Options using SetMore

2019 Part D Changes

Here are the Part D changes for 2019 that you need to know!

If your plan has a deductible it may go up. The initial Part D deductible will increase by $10.00 to $415 for 2019.

What does this mean to you?

If your Medicare Part D Rx drug plan has a deductible, you may pay more out-of-pocket in 2019 before your insurance plan begins covering your medications. For example, if you are taking Xarelto which costs about $500 and your plan has a $47 copay then the first refill will cost $462 ($415+$47) and then will be $47 each month after that until you reach the Initial Coverage Limit and enter the “Donut Hole.”

Not all Part D Prescription Drug Plans have a deductible and many plans exclude lower-cost generic drugs from the deductible, giving you coverage for these Tier 1 or Tier 2 drugs before you need to pay your deductible.

Beginning January 1, 2019 your Initial Coverage Limit (ICL) will increase from $3,750 to $3,820.

This means that you will be able to buy slightly more medications before reaching the 2019 Donut Hole or Coverage Gap.  A good rule of thumb is that if the full retail cost of your medications is less than $320 per month, you will not enter the Donut Hole before the end of the year.

Good news! The Donut Hole discount will increase 10% in 2019!

The discount you get on brand-name drugs will increase from 65% to 75%. So, if you are using a brand-name medication such as Advair which has a retail cost of around $400, you will pay $100 for your medication or if you take Lantus which has around a $300 price tag, you will pay $75 while in the Donut Hole.

What is the end result?

In 2019 you will have to spend only about $25 more to get out of the Donut Hole than you did in 2018.  The Out of Pocket Threshold (or TrOOP) has increased from $5,000 to $5,100 which will trigger entry into the Catastrophic Coverage Phase where you will remain for the rest of the year.

While in the Catastrophic Coverage Phase you will pay either 5% of the total retail cost of the drug OR $8.50 for brand-names and $3.40 for generics, whichever is higher.

If you need a more in-depth explanation of how Part D works or want to review what plans have the lowest costs and will help you avoid the Donut Hole, give me a call. My number is 207-370-0143. I will be happy to help you.

Be sure to read your Annual Notice of Change Letter (ANOC) that should arrive in the mail each year at the beginning of October to see how your plan is increasing – this may help you determine how much you need to budget in 2019 to cover the costs of coverage. [READ MORE …]

If you would like to ask a question or schedule a meeting at your home or a nearby meeting place, you can call me directly at 207-370-0143 or use my simple form on the CONTACT page of this site to send an email message.

The best part about working with me is that it does not cost you anything to talk with me to discuss your options and review the plans that are available.  My services are free to you. I am paid by the insurance companies in the form of a commission when you enroll in a plan.  You pay nothing for my help!

And you will not pay any more than anyone else and you are under no obligation whatsoever to change your plan if you talk with me.

“My goal is to help people and I have found great joy in being able to offer my services to people who need my help.”

Book an appointment with Maine Medicare Options using SetMore

 

Find Local Help

Dealing with Health Insurance is complicated and the more you try to research on your own the more complicated it can get. 

You can quickly become overwhelmed with all the choices and information – and that usually results in choosing the wrong plan!

Working as a licensed health insurance agent in Maine and New Hampshire I make sure people understand all their choices and help them understand the different Parts of Medicare and the many different types of supplemental plans available.

I am respected among my peers and maintain a good reputation. I build meaningful relationships with people I meet and offer exceptional customer service.  

Explaining a policy and getting a genuine “thank you” from a client is the best reward. 

This is why I offer help at no cost.

Everyone needs help.  This decision is too important and much too complicated to make on your own.

I meet people every year during the Annual Open Enrollment Period in October and November that have chosen the wrong plan and I hear the same story over and over again.  They want my help making a better choice.

They will call me and say, “I just got so confused I gave up and called one of the phone numbers I got in the mail.” or “I didn’t know what to do so I took the same plan as my brother.”

Your brother or your friend may have a plan that works well for their needs, but it may not be good for you.  Everyone is different.

Doesn’t it make much more sense to review all your options?

…and to choose what is best for YOU?

 

When I first started working with Medicare Supplements and Medicare Prescription Drug Plans, I never expected it would be as rewarding as it is.

I love helping people navigate through the Medicare maze, educating them every step of the way.  I learn something new and I am challenged every single day. 

But what I love most is being an Independent Agent 

As an independent insurance agent I am able to offer local help in Maine and New Hampshire to everyone and anyone who wants help. 

I can help you review ALL the plans available in your area – not just one or two!

I do not work for an insurance company so I have no reason to push you to select one plan over another.  I have contracts with all the top insurance companies that offer plans in Maine and New Hampshire so I get paid by the insurance company which means that it costs you NOTHING.  Your Medicare Supplement rates or costs are the same with or without my help and there are no hidden fees.

I am trained every year by Medicare and by each insurance company on the Medicare plans they offer so I have the most complete and up-to-date information.  Sometimes doing research online you may be reading very old materials only to find out later that those plans have changed or the costs are a lot higher.

I’m just like your car insurance agent or your real estate agent, I work for you!  I help you review each plan so you can choose which plan is best for you.

We work together to choose an insurance plan that covers ALL your doctors and medical services and I will help you look at the costs to find the cheapest Medicare Supplement to save the most money. 

 

I’m very good at what I do because I love my job and I love helping people.

I love being an insurance agent because I am able to build lasting relationships with my clients while empowering and educating them. It brings me great pride to tackle a challenge with a client while helping them understanding their coverage, giving them peace.

Some things in life are priceless, like having peace of mind. My favorite part of being an insurance agent is showing people solutions that will protect them so they don’t have to worry about the “what if’s” in life.

And I never stop working for you.

If my clients are having trouble reaching Member Services to get an answer to a question or resolve a problem, I can help. I work closely with each health insurance carrier and have dedicated customer service representatives to handle my requests.

As a licensed health insurance agent, I can assist you with any questions or issues you may have during the year or during Open Enrollment when plans change their rates and benefits.

“It really is a win-win situation for all my clients!”

If you don’t have an agent and would like one on your side then send me a message or give me a call.  I would love to be help!

You can reach me at (207) 370-0143 or by email using the form on my CONTACT page here.

Let’s chat soon, just give me a call or send me an email.  I am happy to help you!

 

Would you like my help?

If you would like help finding the right plan or just want to ask a few questions, you can call me directly at 207-370-0143 or use my simple form on the CONTACT page of this site to send an email message.  The best part about working with me is that it will not cost you anything to talk with me to discuss your options and review the plans that are available.  I am paid by the insurance companies in the form of a commission when you enroll in a plan.  You will not pay anything to meet with me and you will pay the same price for your insurance that everyone pays whether they had my help or not.

“My goal is to help people and I have found great joy in being able to offer my services to people who need my help.”

Book an appointment with Maine Medicare Options using SetMore

Give-Back or Buy-Back Plans

What are “Premium Buy-Back Plans”?

 

Is “too good to be true” always too good to be true?

Personally, I think things are NEVER too good to be true.

Good is always good!

I think it all boils down to what you believe. If you believe that there is no such thing as a free lunch, then you may never enjoy the gift of a free lunch.

If you believe that a free lunch could actually be free with no strings attached, that’s what you’ll receive. after all, food is everywhere and people can be very generous.

I personally believe it is a matter of personal beliefs and comfort level.   When you say that something is “too good to be true”, what are you really saying?  You’re probably actually saying that you don’t belive it.   

Next, ask yourself why don’t you believe it and you’ll probably discover that it’s because you don’t know enough about it to understand it. So you don’t trust it.

Education is the answer.

The unknown can causes a lot of anxiety.  Most people tend to stick with what they know, where they feel safe.

But risk takers are not people who go out and blindly jump on things.  They take the time to learn about new things and they usually end up with a better deal.  And everyone else comes around eventually.

10 years ago there were no Medicare plans under $50 per month.  Now there are many offering plans at $0 per month.  A lot of people thought these plans were “too good to be true” but they were the ones who missed out on saving that $50 per month and if they have not switched to a $0 per month medicare plan they probably will this year!

But wait.  $0 is not the best deal anymore.

 

There are some new plans entering the Medicare market in Maine and New Hampshire for 2019 referred to as “give-back” or “buy-back” plans.

…And that is exactly what they do.

These plans actually GIVE BACK a portion of your Part B premium!

Sound like a free lunch?  It just might be!

Every day as I meet with folks and help them understand their medicare options and at some point during every meeting someone asks, “What’s the catch?” which is often followed by “This is really too good to be true.”

Well it is all true!  This is Medicare!  And Medicare is great!

There are Medicare plans that cost $0 per month with no deductible – you’ve heard about them.  You may even be using one.

These plans are not “free” because you still must pay your monthly Part B premium ($134 in 2018) to Medicare so no one can say they are free. 

How can you get lower than $0?

These Buy-Back or Give-back plans cost $0 per month but in addition to that they will also buy back a portion of the Medicare Part B premium that you pay each month.

Medicare does not allow me give you specifics of any one plan but I can speak in general terms about the plans out there.  So, generally speaking these Medicare Advantage plans will send a set dollar amount ($25-$40) per month directly to Social Security which will reduce your Part B premium.  That’s $300-$500 they are giving you each year.

So Let’s do the math…

If they give you $300 each year and you see the doctor 4 times with a $5 copay and have 4 blood test with a $2 copay each and add a couple specialsts visits at $40 each then your total copays for the year are around $100.  That leaves you $200 ahead every year.  That’s right.  You MADE MONEY! 🙂

Is there a catch?

Of course, there’s always a catch.  You have to be enrolled in both Medicare Part A and Part B. 

Yep, that’s the only catch!

 

If you want to learn more about these plans contact me.  I can explain this over the phone or we can meet at your home and look at these plans to see if they will work for you.  I will never pressure you to change plans or convince you to switch.  That choice is completely yours to make.

I also do not charge anything to meet with you so what have you got to lose?  Just give me a call or send me an email by clicking the CONTACT button on the menu at the top of the page. 

I am always happy to help you!

 

Would you like my help?

If you would like help finding the right plan or just want to ask a few questions, you can call me directly at 207-370-0143 or use my simple form on the CONTACT page of this site to send an email message.  The best part about working with me is that it will not cost you anything to talk with me to discuss your options and review the plans that are available.  I am paid by the insurance companies in the form of a commission when you enroll in a plan.  You will not pay anything to meet with me and you will pay the same price for your insurance that everyone pays whether they had my help or not.

“My goal is to help people and I have found great joy in being able to offer my services to people who need my help.”

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