Melville, NY – Sep 17, 2020 – Medicare provides medical coverage for those that have retired and each year from Oct. 15 through Dec. 7, individuals have the option of changing their plan if their needs have changed. Paul Barrett, owner of Paul Barrett Insurance, knows that plan choices can be extremely confusing. He specializes in helping people understand Medicare plans, coverage offered, which best fits their unique needs, and offers those services to seniors for free.
Medical needs often change from year to year and the plan that served an individual well in the past may not meet their needs the following year. During the Medicare annual enrollment period (AEP) every person needs to re-evaluate their current plan. It may have changed or an individual may discover they overpaid for their previous coverage.
During Medicare annual enrollment, most people automatically choose Part A for hospital coverage and Part B for medical needs. Medicare Part D may also be selected to pay for prescription medications. Much of the confusion surrounding Medicare arises from Medicare Part C, typically known as a Medicare Advantage Plan.
There are multiple types of Medicare Advantage Plans offered by private companies that contract with Medicare to provide coverage. That coverage may be offered through a health maintenance organization (HMO); preferred provider organization (PPO); private fee-for-service (PFFS); or special needs plan (SNP). Other plans may be available that include HMO point-of-service (HMOPOS) or Medicare medical savings account (MSA).
The plans may offer medical, hospital, and prescription coverage along with dental, vision and hearing. Some plans offer perks such as gym memberships. There can also be disadvantages such as limited providers in the area, additional fees, or state-specific plans. Depending upon previous choices, there may be penalties assessed for late enrollment.
During the Medicare annual enrollment period, it’s critical for individuals to evaluate their coverage and explore their options. Paul Barrett Insurance specializes in helping people navigate the many nuances of Medicare Advantage Plans, determine their long-term healthcare needs, and arrive at solutions that accommodates their budget. As an independent agency, it offers those services for free.
For more information, visit: http://www.paulbinsurance.com/
About Paul Barrett Insurance
Paul Barrett Insurance is an independent agency that specializes in helping clients with Medicare Advantage Plans, Medicare supplement coverage, prescription drug pans, final expense insurance, life insurance, annuities, and dental and vision insurance. Paul Barrett is a Medicare agent with 11 years of experience. The company offers free consultations, policy reviews, and online services.