Yes, you do!
Medicare pays only 80% of the covered expenses. That’s not so bad, when you have to pay 20% of a $100 office visit charge. However, if you’re like my friend, Dan the Roofer, who took a fall and discovered shoulder surgery cost over $90,000, you’d be on the hook for $18,130, like he was. It’s the real big ones that can wipe you out, heart disease and cancer. Those costs end up in the millions.
Any agent can sell you a medicare supplement. I will find the most economical option for you. That includes seeing if it’s possible for you to fully deduct the premiums from your taxes, like in a Section 105 plan or a 401(h) plan.
How about Medicare Advantage Plans? Nope. I won’t sell those, despite the fact that the commission is four times greater than the commission for a medicare supplement. Why? Because the regulators won’t let me do my job. I can only talk to you about the companies I represent, and I can’t possibly represent all of them.
If you’re interested in a medicare supplement that I don’t represent, I am barred by law from giving you an honest appraisal of the advantages and disadvantages of both plans. I am only allowed to deliver what amounts to a sales pitch for the plan I represent. I prefer to stay out of that game.
In addition, a medicare supplement allows you to go to any doctor or facility in the United States that accepts Medicare payments. A Medicare Advantage plan does not. I help people who are willing to pay a premium for that freedom. If you want to be able to go to any doctor you care to see or to the Mayo Clinic or John Hopkins without a bureaucratic hassle, a medicare supplement is what you need. If you don’t need that freedom, or can’t afford it, I’m not your guy. I am happy to direct you to someone who is.
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