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Medicare Changes for 2018

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Even though we are knee deep in the 2017 AEP I thought I would take a quick moment to update all our Medicare recipients. Finally, the Centers for Medicare and Medicaid Services (CMS) has announced that the Part B 2018 Premium for Medicare will remain at $134 a month.Usually we hear rumors about changes before October every year so this does not come at a surprise. As usual, some of you will pay higher Part B premiums due to your income level. If you are new to Medicare, make sure you contact the social security office for clarification on what you will be required to pay.Now let’s look at the Medicare outline that CMS finally has released regarding other costs such as co-pays and deductibles. The good news is that the Part B annual deductible will be unchanged at $183 a year. This is great news for Medicare recipients and for myself. Appointment after appointment I have been telling everyone that the Part B deductible will probably be the same for 2018 without any concrete evidence f…

Medicare Part B 2018 Update

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It is the middle of November 2017 and we are already halfway through the Annual Enrollment Period and there still seems to be a lot confusion relating to Medicare Part B. Some folks have no idea what they’ll be paying, some don’t know when they should start it, some don’t know how to sign up for it, and then some don’t even know what Part B is or what it does.First, Part B is the medical portion of your Medicare, meaning it covers about 80% of your doctor/specialist visits, surgeries, outpatient procedure, x-rays, MRI’s, cat-scans, ER visits etc. To clarify, when you have both Parts A & B you are about 80% covered as far as costs, you then need to make a decision regarding Part C or Medigap supplement insurance to fill in the gap.One thing I notice a lot is that I meet numerous people who are insured under employer plans because they continue to work past age 65 but have both Parts A & B of Medicare already in place. When you turn age 65 you are automatically enrolled into Par…

Medicare Part D 2018 Costs

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Hello Medicare recipients. Let me start by quoting one of my agents “It’s that time of year again!” and I just want to take a few minutes here and update all of you on some new costs for 2018 regarding Medicare Part D.This coming year the deductible phase will be increased by $5 to $405 in 2018. That does not mean every plan has a deductible, all it means is that per Medicare guidelines is that no plan can have a deductible exceeding $405 for the year. Contact BGA about obtaining a deductible free plan.Next is the initial coverage phase which is also known as the copay or coinsurance phase.The limit will increase from $3,700 in 2017 to $3,750 in 2018. This is basically where the Medicare member pays a flat copay for his or her prescriptions until the total annual cost of $3,750 is reached.Next phase once you reach the limit on your copay’s will be the coverage gap also known as the “donut hole.” The TrOOP (true out of pocket) expenses will increase from $4,950 in 2017 to $5,000 in 201…

Greg Gudis - Medicare Enrollment 2017

John Billetdoux - Agent Introduction

Medicare Annual Enrollment 2018

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October is upon us! And the season is here for those of you who need to make changes, and BGA Insurance Group is here waiting for you. Remember that Annual Enrollment runs from October 15th through December 7th, 2017.As our current BGA clients know it’s that time of year to review your PDP costs for 2018. BGA has thousands of clients who are enrolled in independent prescription plans that need to be reviewed, and we leave no customer behind. Make sure you contact your agent because what was good for you in 2017 may not be best for you in 2018. It’s all about being cost-effective, and you may, in fact, save yourself a lot of money.As most of you know if you have a Medigap plan you can change to another Medigap plan at any time throughout the year. But since we are already reviewing your PDP plan it’s a good idea to ask if you are still competitive regarding your supplement costs. Keep in mind, although you’re allowed to change your Medigap plan you will still be underwritten when apply…

James Coon - Medicare Enrollment Consultations