If you qualify for NJ FAMILY CARE and Medicare, you may also get: *$5,100 for extra help * $900 - $1200 for groceries (healthy foods allowance) * $1,600 for OTC pharmacy products and medical supplies * $400 for glasses *$5,100 is the value estimated for Extra Help in 2022 by the Social Security Administration. To apply, you must reside in the U.S. and have limited resources and income. Extra Help assistance can pay monthly premiums, annual deductibles and co-payments related to Medicare prescription drug coverage. Some beneficiaries may also qualify for state assistance paying premiums for Part B. A licensed insurance agent can help with initial screening and applications, but eligibility can only be determined by the relevant state agency. **$1,600/month for over-the-counter items – covered plans include over the counter pharmacy products and medical supplies at participating pharmacies and eligible products. (All Medicare Advantage Plans will have an ‘Evidence of Coverage’ document that explain the list of items and pharmacies covered.) °$900 in healthy foods grocery card – Some plans provide a monthly allowance, some a quarterly allowance. °°$400 for eyeglasses + more! – Some plans pay up to $400 per calendar year for coverage of contact lenses or eyeglasses (frames and lenses) at participating retailers. Please note, that any information we provide is limited to the plans we offer in your area. There may be additional options at Medicare.gov.
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WHY YOU SHOULD COMPARE YOUR OPTIONS Medicare Advantage plans change from a year to a year. Each year, to compete effectively, insurance companies sweeten the pot with new offers and additional incentives. Your circumstances may have changed as well. That is why, each year, savvy beneficiaries compare plans and shop around. Most people look to preserve their services, while saving money through:
One of the top selling points of Medicare Advantage is the credit given toward your Part B coverage. This may translate into money being credited right into your social security check every month. Is it possible for all of the above features to be checked off? Yes, it's possible. Find out what plans are available in your zip code. Do you want to see the new plans that are competing with your current Medicare Advantage plan? Plans differ from a ZIP to a ZIP. Shop around! Get in touch with me. I am honored to assist. At best, I will be able to help. At the very least, you will learn something.
As of 2022 nearly 50% of all Medicare recipients were enrolled in Medicare Advantage. The trend is expected to grow. Despite its numerous benefits, Original Medicare can be a burden for many, especially if Medigap expenses are added to cover co-pays, co-insurance, and Part D for prescriptions. Medicare Advantage (Part C) provides the benefits of Parts A, B, and often even D. The co-pays are usually lower and there’s no need for Medigap. These plans offer financial protection through a maximum out-of-pocket expense stipulation, and almost all also offer benefits that are not included in Original Medicare (i.e., basic vision, dental, and fitness classes). It's easy to see why so many folks opt for privately owned Medicare Advantage plans. WHY YOU SHOULD COMPARE YOUR OPTIONS Each year, to compete effectively, insurance companies sweeten the pot with enticing offers and additional incentives. Each year, savvy beneficiaries compare plans and shop around. Plans differ from a ZIP to a ZIP. Do you want to see the new plans that are competing with your current plan? Get in touch with me. I am honored to assist. At best, I will be able to help. At the very least, you will learn something. Dental health is a prominent subset of overall health, yet coverage remains bleak. Dental health plays a vital role in overall well-being and problems have been connected to heart attacks, stroke, diabetes, and even cancer. Finding an affordable dental package can be an arduous task, but it's not impossible. NO COST OPTIONS Most Medicare Advantage plans come with basic dental coverage (i.e., cleanings, exams, and x-rays) and have no co-pays or deductibles. Some plans include HMO or Delta Dental at $0 premium, with $0 co-pays! LOW COST OPTIONS A Delta Dental option is also available and can be tailored to meet your specific needs. Many PPO plans, for folks 65 or older, cost under $25/month. Delta Dental is not only the largest dental insurer in the country, there are also ZERO deductibles, financial maximums or co-pays. Some Medicare beneficiaries prefer to buy a stand-alone plan added to their original Medicare, some want a bundle of services. Adding options presents flexibility, no matter what your needs are. That is a good thing. Take a look at what is available to you today. |
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January 2023
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