Medicare Advisors of Alabama

New to Medicare:


People who are new to Medicare are usually either turning 65 or receiving Medicare due to a disability. Either way, Medicare benefits work the same way and trying to navigate the Medicare world alone can feel a bit overwhelming.

First things first, you need a good understanding of the four parts of Medicare and to familiarize yourself with some basic terminology. Secondly, you need to know which parts, if any, you actually need. Third and most importantly you need to know how much Medicare is going to cost.

Even though Medicare may feel confusing at first, after spending some time with our team things will start making a bit more sense and soon you’ll be able to make confident and educated decisions about your choices.

How we can help:

  • Free in-person or over the phone one-on-one consultations and plan comparisons
  • Comparing the differences between Medigap vs Medicare Advantage
  • Confirming that your physicians, providers, and pharmacy accept your insurance
  • Medicare 101 Seminars at libraries, community centers, companies, and churches
  • Helping decide if remaining on your active employer coverage is beneficial
  • Reviewing financial penalties (if any) for delaying Medicare
  • Explaining additional costs to high income earners
  • Understanding the timeline of enrolling into Medicare
  • Assistance with applying for Medicare Part B
  • Assistance with applying for financial assistance with prescriptions, copays, and premiums
  • Enrolling you into the insurance plan of your choice

Already on Medicare:


If you’re already on Medicare, you understand how full your mailbox can get during the Annual Election Period between October 15 and December 7 of each year. You also should know that prior to the Annual Election Period you should receive an important document in the mail from your current insurance plan called the Annual Notice of Change. This packet is important because it not only tells you how your benefits will change during the upcoming year but also if your plan will still cover your prescriptions and what the new costs will be.

How we can help:

  • Free in-person or over the phone consultations to help review your Annual Notice of Change
  • Medicare 101 Seminars at libraries, community centers, companies, and churches
  • Provide a prescription drug cost comparison to be sure you’re still in the appropriate drug plan
  • Confirming your physicians, providers, and pharmacy accept your insurance
  • Comparing Medicare Advantage plans in your area
  • Reviewing your financial situation to see if you qualify for any assistance

Medicare and Retiree Coverage:


Many employers continue to offer health insurance to their retirees in addition to Medicare. However, this can be very confusing as benefits and costs change over the years. A retiree also has to be very careful because dropping a retirement plan sometimes means never being able to get it back. So finding the right advisor you can trust in this situation is crucial. Most often if an employer is offering retirement insurance, it’s important to consider it.

However, there are times when employer coverage for a spouse of an employee is considerably more expensive than Medicare. Or your employer decides to no longer offer retiree coverage.

Recently, many companies have been offering retirees an HRA (Health Reimbursement Account) that basically reimburses the employee for whichever Medicare plan they chose. In that situation, the employee needs to fully understand their Medicare options and to completely understand how to take advantage of the reimbursement money your company is offering.

Our advisors are familiar with many of the scenarios in Alabama and are happy to review your options to help you better understand your choices.

Some of the more common retiree plans in Alabama are:

  • PEEHIP (Public Education Employees’ Health Insurance Plan)
  • FEP (Federal Employee Program)
  • UMWA (United Mine Workers of America)
  • TRICARE (retired military)
  • ACIPCO (American Cast Iron and Pipe Company)
  • Railroad Retirement Board
  • US Steel
  • AT&T

Veterans:


Medicare and Veterans Benefits can be complex and it’s very important to get good advice before making any decisions regarding your health insurance. Typically Medicare and the VA are two separate entities and when a veteran gets care at a VA facility the VA benefits are all that is needed. However, not all procedures are performed at the VA or you may want the option of going to a physician or facility outside of the VA. Therefore, Medicare becomes a vital compliment to a veteran’s VA benefits. Our advisors can help you explore your options to see if you need to enroll into Medicare Part B and/or any other part of Medicare.

If you retired from the military and are eligible for TRICARE or you have a spouse eligible for CHAMPVA those plans are different than the VA. Our advisors can help shed some light on
your options as well.

VA Pension is also available to veterans who served during wartime. This pension is available to provide financial assistance to veterans with high medical expenses or a limited monthly income. Our team works with several local elder law attorneys who specialize in Veterans Pensions and can be an excellent resource on how to apply for benefits.

Financial Assistance:


Health insurance premiums, copayments, coinsurances, and deductibles can become overwhelmingly expensive. Fortunately, our team at Medicare Advisors of Alabama help you understand what financial assistance is available and also help you complete the appropriate applications.