Hello world!
Welcome to WordPress. This is your first post. Edit or delete it, then start writing!
Medicare is a government-backed insurance program for people age 65 and older. However, certain people under the age of 65 can qualify for Medicare coverage. The Medicare program is divided into several parts, each covering expenses for different aspects of healthcare.
If you are enrolled in an Original Medicare plan, you will notice that you are often required to pay some out-of-pocket amounts when you receive health care. Medicare Supplement Insurance plans, also known as Medigap plans, exist to fill the cost gaps left behind by Original Medicare benefits.
Our team of professionals can help you create a thought-out strategy using various tools designed to help you address your financial needs and concerns.
We can help you secure your financial future. Contact Grutz Financial now to schedule a meeting and get started.
Managing your finances properly is a complex process that requires practical knowledge and insight. If you are someone who is looking for more information about how to protect your wealth and secure your future into retirement, start here!
Welcome to WordPress. This is your first post. Edit or delete it, then start writing!
A high deductible plan consists of a high deductible. By enrolling in a high deductible plan, you are agreeing to the terms of paying and meeting a high deductible for your coverage to take effect. There are two Medicare Supplement plans that offer high deductible options.
Premium costs of a High Deductible Plan are usually lower compared to its traditional counterpart. However, this often includes a high coinsurance, and of course, a higher deductible. As of 2021, the deductible amount for high deductible Medicare Supplements is $2,370. That means you would need to pay this much in out-of-pocket costs before your Medigap policy covers any excess healthcare expenses.
A traditional plan does not require a high deductible amount for you to begin receiving coverage like a high deductible plan does. Until you reach the said deductible, you will not receive coverage.
If you go to the doctor frequently, a traditional health insurance plan may be best for you as it has a lower deductible. If you are wanting to cut costs by paying a lower premium or you do not visit the doctor frequently, then a high deductible plan would be best.
If you are an eligible Medicare recipient who is seeking to enroll in a high deductible Medigap plan, you should reach out to an insurance provider in your state. If you are unsure whether the high deductible plan is the right fit for your unique needs, a consultation with Grutz Financial will help you explore your options and make an informed decision.
#GFMEDSUPPHD