Help Making Medicare Coverage Decisions
How Decision Tree Financial Can Help You Navigate Your Medicare Choices
The key to knowing what Medicare decisions you should make relies on your ability to ask the right questions to get the answers you need. As part of our financial planning division , Decision Tree Financial offers a detailed and unbiased Medicare “RoadMap” that will provide you with an exact plan of action to enroll in the right Medicare coverage for your situation. Learn more…
Why You Want a “Medicare RoadMap”
You want a Medicare RoadMap because you are UTTERLY CONFUSED about Medicare!
The simplest reason you want a medicare roadmap is that you are simply confused about what you need to do. We understand there is a lot of information out there helping you to decide what you should do about Medicare. Most of the information you are receiving is from companies and agents hoping you will buy a Medicare plan from them.
With Decision Tree Financial’s Medicare Roadmap, your life will be simplified, and you will have a detailed understanding of EXACTLY WHAT you need to do about Medicare and WHY so that you can enroll at the right times with the correct coverages.
A Medicare “Road Map” can help you make the best decision for your situation.
Understand What Medicare Covers.
The various parts of Medicare cover different risks. Medicare Part A hospital coverage and includes financial support for inpatient hospital care, skilled nursing facility, hospice, lab tests, surgery, home health care as well as 100% coverage for hospice care.
Medicare Part B, which requires a monthly cost which increases with income, covers services like doctors’ services and tests, outpatient care, home health services, durable medical equipment, and other medical services.
Medicare Part D, which also requires a premium, covers prescription drug coverage and Medicare Part C, or a “Medicare Advantage Plan” is an option that an Medicare beneficiary can make which covers everything Part A and B with an additional option to include Part D coverage all managed by a private insurance company.
All of these Medicare parts have coverage limitations, deductibles, co-insurance and “out of pocket maximums” a beneficiary should understand before enrolling in a plan. Timing for enrollment into these plans is important to avoid penalties and guaranteed coverage
Understand What Medicare Doesn’t Cover.
Medicare insurance is designed to provide coverage for certain risks but leaves many gaps. Medicare supplement plans, or “Medigap” plans, are private health insurance plans that cover some of these coverage gaps, such as deductibles, coverage outside of the United States, and blood transfusions.
In addition, Medicare does not cover expenses involving long-term care after a maximum of 150 days of care and ONLY when that care is after the beneficiary has been in the hospital. Decision Tree Financial can help you decide on which Medicare insurance options are best for you with the Medicare resources found on this site along with our customized Medicare enrollment “roadmap” that details individualized step-by-step, easy-to-follow directions on which plan is right for you and why. Learn More…
Learn More about the decisions you need to make regarding Medicare
Understand the four different Medicare enrollment periods, when you should enroll and how to actually enroll into the program.
Premiums, deductibles, co-pays, out of pocket maximums and potential penalties are all costs an individual will need to consider and manage while on Medicare.
Medicare Part D is private insurance that works with Medicare to provide prescription drug coverage to beneficiaries. These plans have a hole in the middle of them that you will want to understand before you enroll in a plan
What and when is Medicare open enrollment? Why this is an important time of the year for Medicare beneficiaries to review their coverage to ensure their health plan is still right for them.
Medicare “Plan Finder Tool” has 4 steps to effective Medicare coverage. Learn about these PLUS 2 More we believe will help ensure you do not make mistakes with Medicare that could cost you $1000’s of dollars or more each year.
How does Medicare work with my health insurance at work? What if I have VA benefits? Do I need Medicare if I have coverage from my previous employer when I retire?