Medicare Made Easy
With Iron Horse Financial
Confused about Medicare? You’re not alone
Almost everyone has heard of Medicare, but very few people fully understand it. Even people who are searching for answers to Medicare find it confusing. We’ve had clients tell us they’ve received the informational book Medicare offers (about 200 pages) and are even more confused after reading it!
People need a better resource on Medicare that makes it easy to understand.
That’s why we’re here. Iron Horse Financial based in Springfield MO will help you understand your Medicare options and make the best decision for you and your loved ones.
Keep reading to learn more about Medicare and the options available. Or, get personal Medicare solutions advice fast by calling (417) 319-4290 now.
Types of Medicare
Did you know there are different types of Medicare?
Everyone’s health is not one-size-fits-all and neither is Medicare. There are options to assist all different people in all
different walks of life.
The 4 basic types of Medicare (A, B, C, D) are:
Traditional Medicare
(generally covers about 80% of medical expenses):
- Medicare Part A : Inpatient coverage
- Medicare Part B : Everything else medical (doctor’s office, labs, x-rays, ER, urgent care)
Traditional Medicare plans are advantageous for individuals who can budget for a premium and don’t want to worry about co-pays on the back end.
You can also get supplemental coverage (at a monthly premium) to help cover the 20% of your responsibility under Medicare Part A and B
Total Insurance Plan
(typically no or low premiums, but will have co-pays):
- Medicare Part C : Medicare Advantage plans
- Medicare Part D : Prescription drug coverage
Total Insurance Medicare plans are advantageous for individuals who want low premiums. They offer full coverage of benefits and are ideal for people who do not want to pay a premium up front and would rather pay small copays for services as they are received. They also have a stop-loss, called the Maximum Out of Pocket limit to protect from the copays becoming too large.
Most Popular Plan: Medicare Advantage
When choosing a Medicare plan, a large number of recipients opt for Medicare Advantage, why?
That’s because Medicare Advantage not only covers everything in Part A and Part B (and oftentimes Part D), it also has added coverages like over-the-counter benefits (to include items like aspirin, bandages, and cold and flu medication), a fitness benefit to get free gym memberships, and more.
With Medicare Advantage there is a maximum out of pocket to protect you from catastrophic financial loss. Thankfully, over the years, the out-of-pocket maximum has become lower and lower. That means that if you are on Medicare Advantage for 3 or 4 years with good health, you will save much on premiums that one bad year doesn’t affect you very much at all.
Get the Right Plan for You with Iron Horse Financial
As you see, Medicare has its own language.
That’s one of the reasons it can get so complicated.
It can be hard to know where to find correct information on which plan covers which situation. Even on Medicare’s own website, there are over 4,500 Medicare terms and acronyms.
What you really need is someone with experience to help you see the benefits of each plan and figure out how to get your needs met.
Iron Horse Financial has over 20 years of experience with Medicare and is ready to help you get started.
Call Iron Horse Financial now at (417) 319-4290 to get clear on the Medicare solutions for your health needs.
Questions Answered About Your Medicare Options
You don’t have to navigate the windy road alone.
Iron Horse Financial has been guiding people through the complex world of Medicare options for 20 years. We interpret the Medicare terms into common language that makes it easy to comprehend.
First off, anybody and everyone over the age of 65 qualifies for Medicare.
Now you’re at what we call “the main fork in the road”.
This is when you decide if you want to stay with Traditional Medicare with a Medicare Supplement and a Medicare Prescription drug plan OR go to a Medicare Advantage and have it be your insurance package.
The options are there for you to choose. And Iron Horse Financial is here to help you understand those options.
Medicare is also available for individuals on disability.
If you’ve drawn a Social Security/Disability check for 24 months then you automatically qualify for Medicare. Some conditions will qualify you sooner (eg. being blind will qualify you almost immediately).
Clear Up Your Medicare
Confusion Today
Medicare can be confusing but with the right help and experience you will be able to
understand all your options and make a clear choice that is best for you.
Reach out to Iron Horse Financial to get started.