Medicare

Medicare is a program administered by the federal government that provides basic medical coverage to eligible people who are age 65 and older.

Most people are United States citizens, have resided in the United States for at least five years, and have served a minimum of 10 years of employment covered by Medicare, will be eligible to receive benefits. Medicare benefits are also available to people under 65 who have received Social Security Disability benefits.

Since Medicare coverage is not 100%, it is necessary to understand your options regarding supplemental policies and Medicare Advantage plans. We represent many of the major plans, with Medicare Supplements, Medicare Advantage plans, as well as Medicare Part D, so we can find a plan to fit nearly any situation.

We also help you get the most from your Medicare Part D Prescription Drug Plan. There are many different plans available and they can change formularies every year. We can assist clients in managing Medicare Part D during the annual election period. If requested we will provide a comparative analysis with our recommendation each year.

Request a Free Consultation

Medigap or Medicare Supplements

A Medigap policy is health insurance sold by private insurance companies to fill the “gaps” in Original Medicare Plan coverage. Medigap policies help pay some of the health care costs that the Original Medicare Plan doesn’t cover. If you are in the Original Medicare Plan and have a Medigap policy, then Medicare and your Medigap policy will pay both their shares of covered health care costs.

Generally, when you buy a Medigap policy you must have Medicare Part A and Part B. You will have to pay the monthly Medicare Part B premium. In addition, you will have to pay a premium to the Medigap insurance company.

You and your spouse must each buy separate Medigap policies. Your Medigap policy won’t cover any health care costs for your spouse.

Medicare Advantage Plans

Medicare Health Plans (like HMOs and PPOs) often cover prescription drugs. Medicare Health Plans include:

Medicare Advantage Plans
Other Medicare Health Plans

Medicare Advantage Plans (like HMOs and PPOs) that include prescription drug coverage as part of the plan are health plan options that are approved by Medicare but run by private companies. They are part of the Medicare Program. If you join a Medicare Advantage Plan you are still in Medicare.

You generally get all your Medicare-covered health care through that plan.
You may get extra benefits, such as coverage for vision, hearing, dental, and/or health and wellness programs.
You usually will have to pay some other costs (such as co-payments or co-insurance) for the services you get. Out-of-pocket costs in these plans are generally lower than in Original Medicare, but vary by the services you use.
You may have to see doctors that belong to the plan or go to certain hospitals to get covered services.

Medicare Prescription Drug Plan

If you do not opt for prescription drug coverage when you are first eligible, you may have to pay a late enrollment penalty of 1% based upon Medicare’s average cost of a prescription drug plan, for every month that you were not enrolled.

If you have limited income and resources, you may get extra help to pay for your Medicare drug plan costs by contacting your local Social Security Office to see if you qualify for a Low Income Subsidy. It’s hardly news that seniors coming onto Medicare are frequently perplexed by the complex plan choices

We Represent You

At Nevada Senior Advisors we are dedicated to navigating you through the various choices to find a plan that best suits your individual needs.

Request a Free Consultation

What others say about us

We have been VERY pleased with the information and guidance we’ve received from Nevada Senior Advisors. They helped us make some excellent choices in 2008 and feel we have survived the worst of bad times that have come upon all of us.

Ed and AudreySparks, NV

We felt comfortable with Nevada Senior Advisors from the beginning. Since placing our IRA’s with you we sleep better at night knowing that our principal amount is safe.

John and SusanMinden, NV

Nevada Senior Advisors know how, honest recommendations, and integrity in their business practices makes them a company you can trust. They will work hard for you.

MelReno, NV

They always take the time to meet with us whenever we need to explain any questions or concerns we might have. We look forward to continuing our long term relationship with Nevada Senior Advisors.

Gil and MargeWashoe Valley, NV

We are certain that others who come to you for financial assistance will be as please as we have been. We have never had such good service with any other advisor that we have dealt with in the past. You have our complete trust at all time which is a very good feeling for us.

Don and DorisCarson City, NV

Disclaimer

All written content on this site is for informational purposes only. Opinions expressed herein are solely those of Nevada Senior Advisors and our editorial staff. Material presented is believed to be from reliable sources; however, we make no representations as to its accuracy or completeness. All information and ideas should be discussed in detail with your individual advisor prior to implementation. Fee-based financial planning and investment advisory services are offered by Nevada Retirement Planners a Registered Investment Advisory in the State of Nevada. Insurance products and services are offered through Nevada Senior Advisors. Nevada Senior Advisors and Nevada Retirement Planners are affiliated companies. The presence of this web site shall in no way be construed or interpreted as a solicitation to sell or offer to sell investment advisory service to any residents of any State other than the State of Nevada or where otherwise legally permitted. Nevada Senior Advisors, Nevada Retirement Planners are not affiliated with or endorsed by the Social Security Administration or any government agency. This content is for informational purposes only and should not be used to make any financial decisions. Exclusive rights to this material belong to Nevada Senior Advisors. Unauthorized use of the material is prohibited. We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options.