Products

Medicare Supplements/ Medigap Policies
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 Medicare doesn’t cover. It is a great way to avoid the unexpected costs that can come along as we age.

In 1992 Medicare standardized 10 different Medigap policies called Medigap plans “A” through “J.” In 2005, two new standardized Medigap policies became available, called Medigap Plans "K" and "L." Generally when you buy a Medigap policy you must have Medicare Part A and Part B. In most cases, as long as you pay your premium, your Medigap policy is guaranteed renewable. This means it is automatically renewed each year.

For many people the best time to get enrolled is during open enrollment. The first six months after you are enrolled in Part B you are in a period called Open Enrollment. This is the best time to get enrolled in a Medicare Supplement. During this period of time an insurance company cannot deny coverage or ask you any health questions.

Just remember when looking for a Medicare Supplement policy, Medicare says, “Each type of Medigap policy offers the same basic benefits, no matter which insurance company sells it.  Usually the only difference between Medigap policies sold by different insurance companies is the cost."

Medicare Advantage Plans
A Medicare Advantage (MA) Plan is a health care alternative available to Medicare beneficiaries. If you join one of these plans, you generally get all your Medicare-covered health care through that plan. This coverage can include prescription drug coverage. Medicare pays a set amount of money for your care every month to these private health plans whether or not you use services. In most of these plans, generally there are extra benefits and lower co payments than the Original Medicare Plan. However, you may have to see doctors that belong to the plan or go to certain hospitals to get services.

Prescription Drug Plans/ Part D
Starting January 1, 2006, new Medicare prescription drug coverage will be available to everyone with Medicare. Everyone with Medicare can get this coverage that may help lower prescription drug costs and help protect against higher costs in the future. Medicare Prescription Drug Coverage is insurance. Private companies provide the coverage. You choose a drug plan based on your specific needs. If you decide not to enroll in a drug plan when you are first eligible, you may pay a penalty if you choose to join later.

Annual Election Period: November 15th – December 31st, you can change plans during this time.

Initial Coverage: The right to elect coverage anytime starting three months before you turn 65 continuing until 3 months after you turn 65.

Special Enrollment Periods (SEP): If a beneficiary dis-enrolls from their employer’s group-sponsored health plan, they have an SEP to join Medicare. The SEP exists for the eight months immediately after the group health coverage ends, and no penalty will be incurred if you apply for Medicare Prescription Drug coverage during this eight months.

Discount Plans
Careington provides a plan to help seniors cover some of the expenses that can be very difficult to handle while on a fixed income. They came out with a discount plan, not insurance, that covers dental, vision, prescription drugs, hearing care, diabetes care, 24-hour nurse line, and more all in one package. This plan allows you to go to certain providers and receive great discounts for services you receive. (This is not insurance.)

Senior Choice Dental
Senior Choice is an affordable dental plan allowing you the freedom to choose your own dentist. AmFirst offers two different plan designs to suit all your dental needs. Plan “A” offers more coverage with a higher deductible, while Plan “B” offers the same procedures but has a lower benefits percentage. We at Morgan White Group want to help you cover all your unexpected dental needs.

Final Expense Plans
Thes are are life insurance policies for seniors (typically 65-85) that help cover the expenses of one passing away. These policies are meant to cover things like: a funeral home, cemetery plots, casket, vaults, minister, medical bills, and many other unexpected expenses. Most policies require no health exam, will never increase premiums, and never decrease benefits. If you do not have at least $15,000 in life insurance this is a very important policy for you.

Long Term Care
LTC policies typically are there to help pay for someone to help you when you are unable to take care of yourself. MWG Senior Healthcare has plans that include home healthcare, nursing home coverage, and assisted living facility care. We represent the top companies across the country and can help you find a plan to fit your exact needs. Call one of our Certified Senior Advisors to help explain more about LongTermCare policies to you.