Welcome to Associated Insurance Benefits LLC
Who Is Eligible?
Generally, Medicare is available for people age 65 or older, younger people with disabilities and people with End Stage Renal Disease (permanent kidney failure requiring dialysis or transplant). Medicare has two parts, Part A (Hospital Insurance) and Part B (Medicare Insurance). You are eligible for premium-free Part A if you are age 65 or older and you or your spouse worked and paid Medicare taxes for at least 10 years. You can get Part A at age 65 without having to pay premiums if:
- You are receiving retirement benefits from Social Security or the Railroad Retirement Board.
- You are eligible to receive Social Security or Railroad benefits but you have not yet filed for them.
- You or your spouse had Medicare-covered government employment.
To find out if you are eligible and your expected premium, go the Medicare.gov eligibility tool. If you (or your spouse) did not pay Medicare taxes while you worked, and you are age 65 or older and a citizen or permanent resident of the United States, you may be able to buy Part A. If you are under age 65, you can get Part A without having to pay premiums if:
- You have been entitled to Social Security or Railroad Retirement Board disability benefits for 24 months. (Note: If you have Lou Gehrig's disease, your Medicare benefits begin the first month you get disability benefits.)
- You are a kidney dialysis or kidney transplant patient.
While most people do not have to pay a premium for Part A, everyone must pay for Part B if they want it. This monthly premium is deducted from your Social Security, Railroad Retirement, or Civil Service Retirement check. If you do not get any of these payments, Medicare sends you a bill for your Part B premium every 3 months.
Prescription Drug Coverage Since January 1, 2006, everyone with Medicare, regardless of income, health status, or prescription drug usage has had access to prescription drug coverage.
Why Use An Agent?
There are distinct advantages of working with a licensed sales broker who can help guide you through the process of enrolling in Medicare insurance coverage. Consider these top ten benefits of working with a Medicare insurance sales agent:
- Medicare is Complicated! If you are approaching Medicare eligibility for the first time, you may understandably feel a little overwhelmed by the amount of information available for you to sift through. While you and/or your family may have previously been covered by group insurance plans through an employer or an individual or family plan, Medicare insurance is different. It is individual insurance, but any decisions you make can affect your family. Having an expert who can help guide you through the structure, plans, benefits, and costs of Medicare can make a big difference as you explore your options. Medicare also comes at a time when your lifestyle may be changing. Whether you have retired already or are continuing to work, you may have different priorities for your future. Your insurance sales agent can help you adjust to your Medicare options as they relate to financial planning for your retirement.
- Greater options Independent brokers can provide you with options from an array of carriers. While contracting with different insurance companies, some insurance agents can help you compare thousands of plans from hundreds of carriers. Having a broker that contracts with different carriers helps eliminate bias as they help you research and compare. The wealth of collective data at your fingertips is essential as you search for the Medicare insurance plan that best meets your individual needs, and an independent broker can help you narrow your choices and make an informed decision.
- Working with a broker doesn’t cost you anything There are no fees to pay for using the services of an insurance broker. In fact, the rates offered by insurance plans already account for commissions paid to insurance brokers, so your cost will not differ whether you work with a broker or enroll on your own. Why not get the help of a knowledgeable and licensed insurance sales agent who can make the process of enrolling easier than ever?
- Expertise Licensed sales agents in the Medicare arena go through hours and hours of training and education every year in order to sell Medicare insurance plans. Not only do they understand the parameters of your options, they have access to vital information that may help you make this very important decision. Most Medicare beneficiaries can only change their Medicare insurance coverage once a year, during the Annual Enrollment Period from October 15 through December 7, so you will likely be stuck with the insurance you choose for twelve months, unless you are eligible for a Special Enrollment Period. If there is a way out of a plan that is not working for you, our agents will know it.
- Tailored guidance An insurance agent can help tailor your Medicare insurance options to fit your needs and preferences. Every Medicare beneficiary is unique – and you deserve to find a plan that fits into your budget and lifestyle and will give you access to the quality healthcare you deserve. Many insurance agents take on the role of personal adviser as you work together to review and compare Medicare insurance plans. Getting to know you and your healthcare coverage needs, your broker can fine-tune the search and help you enroll in the Medicare plan that will protect you and your family from stressful medical expenses.
- Save Your Time We are all busy – and whether you are retired or not, your time is valuable. A knowledgeable broker can save you time on research and plan comparison, especially if Medicare coverage is new to you. A licensed insurance agent can help you narrow down your options efficiently, and guide you to the coverage that will fit your circumstances so that you don’t waste time with options that simply won’t meet your needs.
- Experience matters As an industry expert, your licensed sales agent may have years of experience navigating Medicare. Knowledge is important, but an agent’s experience can help you avoid pitfalls as you explore your options. With experience in the Medicare market, your insurance agent can be your guide into Medicare terminology, policies, and processes.
- Area specialty Local brokers can provide more detailed knowledge of the plans available in your area. They may be familiar with the network of providers and suppliers, and can help advise you in regards to the Medicare plans offered.
- One-stop shopping Licensed sales agents may be able to offer you a one-stop shopping experience. Thanks to innovative technology, brokers can utilize software that will give you access to all the plan information you need, at any time that is convenient for you. Many offer 24/7 assistance, answers to the most frequently asked questions, and webinars regarding issues that are important to you. Without having to leave their site, you may be able to research and compare Medicare coverage options, request proposals, and even enroll in some Medicare Advantage plans.
- Service after the sale Your relationship with your broker doesn’t end at the sale. Instead, your insurance sales agent may be an advocate for you in the years to come, helping you address concerns with your insurance coverage. A broker can help you review your healthcare coverage needs annually so that, as time goes by, you will continue to have the right plan for any changing needs.