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Sosa Insurance Group Can Assist with Annual Enrollment Period for Medicare

by Guest Blogger
written by Guest Blogger
ATTENTION:
It’s that time of year again:
The Annual Enrollment Period for Medicare is here!

The Annual Enrollment Period (AEP) begins on October 15th and continues until December 7th. During this time, you can make changes to certain aspects of your Medicare health coverage:

  • Change from one Medicare Advantage Plan to another Medicare Advantage Plan.
  • Change from a Medicare Advantage Plan to Original Medicare.
  • Change from Original Medicare to a Medicare Advantage Plan.
  • Enroll in a Prescription Drug Plan or change your Prescription Drug Plan.
  • If you’re new to Medicare, you might have a different election period; reach out to us to review your options.

 

The Sosa Insurance Group, located at 450 Pleasant Valley Way in West Orange NJ, is dedicated to assisting our Medicare eligible consumers throughout their Medicare journey.

We specialize in Medicare Supplement, also known as Medigap, Medicare Advantage, Medicare and Medicaid, Stand-Alone Part D Prescription, Dental, as well as Final Expense, Individual and Long-Term Care Plans.

We also understand that everyone’s situation is different and you might qualify for a special enrollment. For example:

  • You are retiring and getting Medicare
  • You are disabled and under 65 and have Medicare
  • You are turning 65
  • You have Medicare and Medicaid
  • You are receiving Assistance for their part D prescriptions
  • Or you recently moved to the state of NJ and have Medicare

 

Below is a list of dates that we’ll be having informative meetings at our office where you can learn more about your options during AEP:

These are the dates we’ll be open during Oct 1st thru Dec 7th

  • Mondays starting on 10/19 from 9:30am till 7:00pm
  • Tuesdays starting on 10/20 from 9:30am till 3:30pm
  • Wednesdays starting on 10/21 from 9:30am till 7:00pm
  • Thursdays starting on 10/15 from 9:30am till 3:30pm
  • Saturdays starting on 10/03 from 10:00am till 5:00pm

 

Due to COVID-19, besides our normal face-to-face appointments either at the privacy of your home or at our local office, we are now also available virtually and remotely through ZOOM or by phone in order to assist our Medicare eligible consumers review the basics of Medicare and assist them in choosing the right plan for them.

These are the dates we’ll be having virtual meetings during Oct 1st thru Dec 7th

  • Every other Monday starting on 10/12
  • Every other Wednesday starting on 10/14
  • Every Saturday starting on 10/10

 

Call for details on times and Zoom information

You can also visit our website at www.thesosainsurancegroup.com 0r email us at info@thesosainsurancegroup.com and request a quote

Call us at
973-902-5445
to speak to one of our expert agents.

“We pride ourselves in assisting Medicare eligible consumers with selecting a Medicare plan option that will meet their needs,” said George Sosa, President of The Sosa Insurance Group.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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3 Steps for Medicare Supplement Comparison
Medicare Plans

3 Steps for Medicare Supplement Comparison

by Garrett Ball
written by Garrett Ball

Doing a Medicare Supplement comparison is a crucial part of a sound financial plan for someone on Medicare. Premium rates and guidelines vary considerably from state to state and from situation to situation. But there is so much information out there, much of it contradictory, how do you know where to start? 3 Steps for Medicare Supplement Comparison

Step 1: Understand Medicare Supplement Standardization

Without a doubt, the first step in doing an effective Medicare Supplement comparison is understanding the most basic aspect of these plans – the plans are Federally-standardized. By this, I mean that the coverage is the exact same no matter what company sells you the plan. A Plan G, for example, is the same with one company as it is with a different company.
Not only is the plan coverage standardized, the claims payment process is also standardized, as all companies pay claims through the Medicare “crossover” system. Because of this plan standardization, “like” plans cover the same things and work the same way. So, once you understand this, you realize that Medicare Supplement plans are actually quite easy to compare.

Step 2: Study the Medicare Supplement Coverage Chart and Choose a Plan

The Medicare Supplement coverage chart shows exactly what each of the standardized Medicare Supplement plans cover.
You will see that Plan F is the most comprehensive plan. It pays everything that Medicare Parts A and B do not cover. On that plan, you have no out-of-pocket costs. Although it is the most comprehensive plan, it may not always make the most financial sense.
Every insurance company does not offer every plan. The three plans that most companies have focused on over the last five years are plans F, G and N. Those three plans represent a top, middle and lower level of coverage, within which most Medicare beneficiaries can find a plan that fits their specific situation and needs.
Once you narrow down a level of coverage that you want, or at least have a good idea of what the different plans cover, you can move to step 3 of the Medicare Supplement comparison.

Step 3: Gather Medicare Supplement Rates and Choose a Company

Now you understand the plan standardization and have a good idea of what the different levels of Medicare Supplement plans are, the next step is to look at some actual premium figures and insurance companies.
There are several options for doing this. Some states maintain online resources containing rates for that state. These can typically be found on the state’s department of insurance website; however, they should be verified for accuracy as rates change over time.
Another option is to use an independent broker or agent. This person can provide rates and information for all your options and answer your questions.
A final option would be to contact each of the companies that sell Medicare Supplement plans in your state to gather the rates and use those to make a comparison of your options.
Medicare Supplement rates are determined by your age, zip code, gender, and in some cases, tobacco usage and/or health. So, make sure you use accurate information when requesting and obtaining the premiums.
Once you have the rates for your zip code, you can compare the reputations and ratings of the insurance companies you are considering and pick a reputable company that has competitive rates. Keep in mind step 1 when you are doing step 3 – the coverage and way that the plans work. 3 Steps for Medicare Supplement Comparison

3 Steps for Medicare Supplement Comparison

3 Steps for Medicare Supplement Comparison 3 Steps for Medicare Supplement Comparison 3 Steps for Medicare Supplement Comparison

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