Understanding Your Medicare Coverage Options.
When it comes to covering medical expenses heading into your retirement years, many people will utilize Medicare. While this federal program offers peace of mind, it won’t pay all your costs. Fortunately, you have options for additional coverage.
Medicare 101
What is Medicare?
Medicare is a government program to help individuals cover medical expenses. With multiple plans to choose from and confusing terminology, many people find Medicare complicated.
What you need to know about Medicare
Medicare is a federal health insurance program designed to help individuals over the age of 65, or under 65 with disabilities, cover certain medical costs. Medicare has four parts: A and B, or Original Medicare, which are run by the federal government. Part C, called Medicare Advantage, offers additional coverage and is available from private health insurance companies that contract with the government. Part D covers prescription drugs.
Medicare doesn’t cover all health care costs. Medicare Supplements, also known as Medigap, should be an essential part of your health insurance portfolio. As retirement approaches, it’s important to take a realistic look at medical expenses and purchase a plan to supplement your Medicare insurance coverage in order to live out your retirement knowing that you are protected from major medical expenses.
Medicare Supplements help pay for costs not covered by Original Medicare, such as copays, coinsurance, and deductibles.
We do not offer every plan available in your area. Currently we represent 9 organizations which offer 51 products in your area. Please contact Medicare.gov, 1-800-MEDICARE, or your local State Health Insurance Program to get information on all of your options.
We contract with the following organizations to provide Medicare Supplement, Medicare Advantage & Medicare Cost plans.
Wellmark
Wellmark is an independent licensee of Blue Cross Blue Shield serving over two million members in South Dakota and Iowa. A mutual insurance company owned by its policyholders, Wellmark emphasizes outstanding customer service and offers a variety of individual and group plans, in addition to Medicare Supplements and Medicare Advantage Health Plans.
Avera Health Plans
Avera is an integrated health system based in Sioux Falls. Dedicated to making a positive impact on the lives and health of members throughout the Upper Midwest, Avera Health offers a variety of plans for individuals and businesses, including Medicare Supplements.
Sanford Health Plan
Sanford Health Plan is a provider-owned health plan that is part of Sanford Health’s integrated system of care. As one of the largest non-profit, rural health systems in the country, we lead the region in affordable, sustainable health coverage in an evolving health care landscape.
Medica
Founded in 1975, Medica is a nonprofit health plan serving nearly 1 million members in America’s heartland and beyond, including Arizona, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota Oklahoma, South Dakota, Wisconsin and Wyoming. Medica’s mission is to be the trusted health plan of choice for customers, members, partners, and our employees. To achieve our mission, our values include customer focus, excellence, stewardship, integrity, and diversity.
HealthPartners
HealthPartners Freedom medical-only are Cost plans with a network of doctors, hospitals, and other providers. For medical care and services, you have the flexibility to access local providers and see providers nationwide who accept Medicare and are willing to see you.
UnitedHealthcare
UnitedHealthcare has been providing coverage and building personal relationships for more than 30 years and offers the only Medicare Supplement plans endorsed by AARP. Also endorsed by AARP, UnitedHealthcare offers a broad range of Medicare Advantage plans with an extensive network and array of features and benefits not available through traditional Medicare.
Aetna
An estimated 39 million people rely on Aetna, a CVS Health company, to help them make decisions about their health care and their health care spending. Aetna health insurance plans and services include Medicare Advantage plans, Medicare Supplements, and Prescription Drug Plans under the SilverScript name.
Choosing the right Medicare solution will ensure you have adequate coverage for expenses not covered by Medicare.
McGreevy & Associates can help you select a plan appropriate for your specific needs.
Medicare Prescription Drug Coverage
Prescription drugs can be extremely costly. Adding Medicare Part D will help cover both brand name and generic drugs. McGreevy & Associates is well versed when it comes to selecting a Medicare Part D prescription drug plan. We can assist in finding you a plan with low monthly premiums, low copays and low coinsurance, which will help protect your savings against high prescription costs.
We work with the following companies to offer Medicare Part D prescription drug coverage.
Humana
Humana has focused on leading health care innovations and promoting community wellness since 1961. Their pharmacy services include an array of tools and programs to help you manage your budget, including an accredited mail-delivery option.
SilverScript
SilverScript Insurance is one of America’s largest Medicare Part D insurers. With a sole focus on prescription drug coverage, they have the experience to deliver high-quality, affordable coverage and offer two stand-alone prescription plans to meet a variety of needs.
MedicareBlue Rx
Wellmark Blue Cross Blue Shield offers two options with their MedicareBlue Rx prescription drug plan: Value Plus, a comprehensive plan with low premiums and copays; and Premier, with a wider selection of drugs, no deductibles, and extra Coverage Gap help.
WellCare
WellCare Health Plans has been providing managed care services for Americans since 1985. Their prescription drug plans feature no deductibles, tiered copays (with no cost for preferred generics), and a mail-order pharmacy.
A Medicare Part D plan helps offset the high costs of prescription drugs.
McGreevy & Associates offers a selection of plans ideal for your situation.