GoldKey Consulting, Inc.
WE WORK FOR YOU
Affordable Supplemental Insurance Solutions
Two decades ago, GoldKey Consulting, Inc. Insurance Service was founded on the core belief that we work for you, the client. Thus, our mission is to be a strong insurance advocate. This is especially true for those senior clients who are eligible or becoming eligible for Medicare.
Medicare is complicated.
We know the Medicare system can be overwhelming for our clients. Thus, our goal is to simplify and thoroughly explain the many options available to them, as well as explain the basic ABC’s of Medicare. In addition, we’ll help you understand the complex regulations that govern Medicare. And, because we are compensated by our carriers, there is never a fee for our expert guidance. Accordingly, we offer Medicare Insurance along with a variety of supplemental insurance to help you widen your safety net.
What We Do
LEARN MORE ABOUT OUR SUPPLEMENTAL INSURANCE
Overview of Medicare
Eligibility for Medicare
During your Initial Enrollment Period, you may enroll in a Medicare Supplement Plan, also known as a Medigap Plan. Accordingly, a Medigap plan will cover your medical costs that are not covered by original Medicare. Additionally, you may also consider a Medicare Advantage Plan (Part C) and also enroll in a prescription drug plan (Part D) during your Initial Enrollment Period.
When you can change plans.
If you have enrolled in a Medicare Advantage Plan or a prescription drug plan, you may change plans each year during the Open Enrollment Period. Thus, open enrollments runs from October 15 to December 7 each year. Then if you decide to change your plan, your new plan will become effective January 1 of the following year. In any case, you may change your Medicare Supplement Plan at any time. However, you may be subject to Medical Underwriting to qualify for your new Medigap Plan.
Did you miss your Initial Election Period deadline? Then, you may qualify for a Special Election Period (SEP). Accordingly the SEP allows you to enroll in original Medicare, a Medicare Advantage Plan or a prescription drug plan through a qualifying event. For examples, please click the button below.
Original Medicare Parts A & B
Medicare Part A (Hospital Insurance)
Part A covers inpatient hospital stays. In addition, it also covers care in a skilled nursing facility, as well as hospice care, and some home health care.
Medicare Part B (Medical Insurance)
Part B covers certain doctors’ services, outpatient care, medical supplies, and preventive services. Most people will pay a standard Part B premium which varies depending on income.
Medicare Part C (Advantage)
Medicare Advantage Plans are much like regular insurance. Thus, you can select different plan types, such as a Health Maintenance Organization (HMO) or a Preferred Provider Organization (PPO). Similarly, you can choose a Medicare Medical Savings Account Plan if you prefer. Your monthly premiums will vary based on coverage you select. Likewise, the carrier and geographical location affect premium amounts.
Medicare Advantage Plans may include prescription drug coverage. Additionally, they may also offer supplemental coverage, such as dental care or vision care.
Medicare Part D (Prescription Drugs)
Medicare Supplements (Medigap)
What is the best plan for your needs?
The benefits found under each plan is standardized and approved by CMS. However, premiums can vary from one insurance carrier to another. Ultimately, the best Medicare Supplement Plan is the one that fits your needs and is affordable. Click the button below for an overview of the Medicare Supplement Plans approved by CMS.
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Source: The information on this page related to Medicare was referenced from Medicare.gov.