If you’re planning to retire soon, it's also time to start planning for adequate health care coverage. You’ll be eligible for Medicare at 65 years old and it’s important to understand the different parts of Medicare coverage because it does not cover everything and you will have a portion that you are responsible for paying. In order to enjoy your retirement without worrying about unwanted medical expenses, it’s crucial to plan for extra coverage. An agent from LFL Insurance Agency LLC, Ohio can help you sort out your options.
Medicare insurance has four different parts:
You will be able to choose the Medicare coverage you want before the coverage begins.
In order to cover more of any medical expenses you have, you’ll also want a Medicare supplement, or what is referred to as a Medigap policy. In order to be eligible for a Medigap policy, you must choose to have Medicare Part A and B. You can have the Medicare Advantage plan while you apply for a Medigap policy, but then you’ll need to switch to the Part A and B. A Medigap policy will cover one person, so if you have a spouse, you will need to have two policies. These policies are designed to help cover the portion of medical expenses that are not covered by Medicare.
At LFL Insurance Agency LLC, Ohio, we are dedicated to helping people with their insurance needs. Contact an LFL insurance agent today to help you plan for your Medicare supplement insurance coverage needs.