Medicare Supplements

Costs of healthcare in retirement continue to be one of the top financial concerns for retirees today. If you are aged 65 or older and have enrolled in Medicare, then you can expect about 50 percent of your healthcare needs to be covered through the program. At JL Smith, we specialize in helping you make the right choices to fund the other 50 percent of that coverage.

Medicare supplement insurance (Medigap) costs can vary greatly, depending on the amount of healthcare a Medicare enrollee needs, so our advisors will analyze your particular situation and guide you through the process. Together, we can compare plan provisions, shop rates, and help you reach an informed decision.

Through a comprehensive planning process, our advisors will explore your needs in order to keep your costs down and help you find the full range of coverage that best meets your needs. We will show you how Medicare supplement insurance (Medigap) works with Medicare Parts A & B and provide a detailed list of the healthcare costs that original Medicare doesn’t cover, including copayments, coinsurance and deductibles, among others.

Our analysis process will help you meet critical Medicare deadlines and answer questions, such as:

• When can I apply for Medicare supplement coverage?
• Will I need additional medical screenings to qualify for coverage?
• How much will Medicare supplement coverage cost?
• Will my healthcare rates change throughout retirement?
• Will the Medicare policy cover both me and my spouse?
• With so many Medicare supplement plans available, which one is right for me?

Your 65th Birthday – When you first become eligible for Medicare at 65, you have a seven-month window (three months before your birthday, your birthday month, and three months after) to enroll in a Medicare plan. You will also have a six-month window after your birthday to enroll in Medicare supplement plans.

October 15th to December 7th – Medicare open enrollment to enroll in Medicare Part D, switch from Original Medicare to Medicare Advantage (and vice versa), or make changes to your existing plan.

January 1st to March 31st – General enrollment period to enroll in Medicare (if you didn’t when you were first eligible) or switch to a different plan.

As we put together your holistic financial plan and understand your unique goals and needs, our team of advisors can help identify potential gaps and determine if you are over- or under-insured with life insurance, long-term care insurance, and more. Click here to learn more about our insurance services.

At JL Smith, we specialize in helping you make the right choices to get the health coverage you need. Through a comprehensive planning process, our advisors will explore your needs in order to keep your costs down and help you find the full range of coverage that best meets your needs.