Senior Medicare Products

Our beloved government keeps us on our toes with the ever-changing rules and regulations of Medicare. For the most updated information on Medicare please click on the link www.medicare.gov .  We at Truscott Benefits and the carriers we represent have done our best to translate the Medicare language.  Click on the documents that best suite your questions or concerns.  If you need further assistance, don’t hesitate to give us a call at 949-215-0196.

REMEMBER YOU MUST NOTIFIY MEDICARE AT AGE 65 IF YOU ARE TAKING PART B OR STAYING ON A QUALIFIED GROUP PLAN THROUGH YOUR EMPLOYER.  YOU DO THIS AT THE SAME TIME YOU REGISTER FOR YOUR SOCIAL SECURITY.

What are your options?

 Option 1

Enroll in Medicare and utilize the plan under the governments supervision.  The government will take a nominal fee directly from your social security for Part B.  Starting January 2005 an additional $37 will be taken out of your social security for Part D.  This works as a traditional indemnity policy where you will have copays and deductibles to meet.

Assign your Medicare benefits over to an HMO. (The most popular ones in CA are Secure Horizons, Health Net, SCAN, and Kaiser.) Utilizing your Medicare money from the government the HMO designs a plan filling in most of the gaps while providing additional perks.   The big positive about Medicare HMOs is that it is at no additional cost to the member, the drawback is that the member is now restricted to the HMO network of doctors.

Purchase a “Medigap” plan to fill in the gaps of your Medicare plan.  There are several levels of Medigap plans to purchased. The more comprehensive plan you purchase the more expensive it will cost.  NOTE: Medigap plans are only guaranteed issue within the first six (6) months of turning 65 or first six (6) months of leaving a qualified group plan. Meaning you will have to be approved by underwriting after this time has expired and any ailments will most likely automatically decline you.