Family First Insurance Advisors

How does an attained-age policy work?

With an attained-age policy, your premiums are based on how old you are at the time you enroll. You’ll pay less initially, but as you get older, the premiums may increase.

But keep in mind that all Medicare Supplement Plans will increase in cost over time, even if you don’t opt for an attained-age policy. Plus, the premium increases for an attained-age policy are usually reasonable because each state’s Department of Insurance has to approve the new price before it can take effect.

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https://familyfirstia.com/faq/

What’s a Medicare SELECT policy?

A Medicare SELECT policy is a Medigap plan that limits you to a specific network of hospitals and doctors. If you have one of these policies, your providers will charge less for services than if you had another plan.

While this sounds like a good deal, you need to weigh the pros and cons carefully first. You see, it’s true that your premiums will be slightly lower. But at the same time, many hospitals and providers won’t be in your network.

Plus, a SELECT policy doesn’t cover any of the 20% of costs left over after Medicare pays their 80%. Get in touch with us today to go over these details and determine if a SELECT policy is right for you!

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https://familyfirstia.com/faq/

What does Medicare Supplement Plan F cover?

Medicare Supplement Plan F, also known as Medigap Plan F, will cover 100% of your out-of-pocket expenses, such as copays, deductibles, and coinsurance. You can think of Plan F as the Cadillac of Medigap plans.

Whether you need a diagnostic exam, a hospital stay, or a doctor’s visit, you’ll simply present both your Medicare card and your Medigap Plan F card. So long as Medicare approves the specific service, you’ll be good to go.

But if you choose Plan F, be sure to stay aware of which services Medicare doesn’t cover. If Medicare won’t cover it, neither will your Plan F—and you’ll be on the hook for the costs.

Learn More: https://familyfirstia.com/faq/

Will Medicare cover my colonoscopies?

Yes, in most scenarios, Medicare will cover your screening colonoscopies at 100%. Currently, the rules allow for this once every two years if you have a high risk of developing colon cancer. If you aren’t a high-risk patient, Medicare will cover a colonoscopy once every 10 years.

If you or your doctor believes you should be getting annual colonoscopies, you’ll likely be responsible for paying some of the costs.

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https://familyfirstia.com/faq/

Do I pay a deductible with Medicare Plan G?

With Medicare Plan G, the only deductible you’re responsible for is the one related to Part B. So, while you technically aren’t paying it for Plan G, you are still paying a deductible. In 2024, the deductible is $240.

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https://familyfirstia.com/faq/