Monthly Archives: September 2015

Medicare for Florida Snowbirds

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……tips and information on Medicare for seniors that spend part of the year in Florida; our Florida Snowbirds

There are literally millions of Florida Snowbirds; people who come from all over the U.S. to spend the winter months in comfort of a warm Florida winter.  At last count, there are nearly 1.5 million Snowbirds that live part of the year in Florida and Sunbirds that move north (back to a home state) in the summer.  Palm Beach County was home (or half home) to 143,000 Florida Snowbirds and Jupiter, my home town, home to over 56,000.

Florida snowbirds are people who can live a life many others only wished, spending part of their time in a home state and moving to Florida in the winter to avoid the northern freezing temperatures and snow.  South Florida has a sub-tropical climate where we can measure the cold moments in hours, not days.  Central and Northern Florida are not as warm, but compared to New York, New Jersey, Pennsylvania, Virginia, Maryland, Indiana and other northern states, it’s a warm winter paradise.

Unfortunately, with two homes comes some confusion when it’s time to sign-up for Medicare. We hear the same very important questions time again; can I get Medicare from any state I live in?  Does Medicare cover me in both states?  If Medicare Supplements in one state are cheaper, can I purchase my supplement there and use it in Florida?  How does Medicare Advantage work when you live in two states?

With this article I will answer those questions and more on Medicare for Florida Snowbirds.  There are multiple features and rules with Medicare that are critically important to those who live the life of a seasonal nomad.  Unfortunately, few agents and brokers have the experience of working with Snowbirds and I have seen and heard of incorrect information and advice that has caused harm to the people who look to an insurance professional for advice and guidance.

Why Are Florida Medicare Supplement Plans So Expensive?

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Do I Need An Insurance Agent For Medicare?

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With approximately 10,000 people turning 65 every day in the United States, there is a lot of interest in Medicare.  Every day people are searching the internet or opening the 150 page Medicare & You handbook to learn about the rules, the features, the benefits and the choices they have when it comes to Medicare.  One of the first questions people often ask of themselves is “Do I need an insurance agent for Medicare?”  Well, Medicare is not complicated, although the new terms can be confusing at first.  It does take time to learn, especially for those that do not work with insurance every day.  And it is easy to miss important information and to make wrong choices that cost thousands of dollars down the road.  The right insurance professional can help save you time, reduce confusion or the frustration of learning something new and can save you thousands of dollars in medical expenses that you may not be considering when wading knee-deep in Medicare regulation.  This guide to finding an insurance agent who will represent your best interest will help.

Help with MedicareWhat we have found in our many years of experience in the industry is that most people who choose not to seek the help of a professional agent do so because they fear being sold something.  It’s like how I feel when I walk into a car dealership.  I want a car, and I wouldn’t mind some honest help in considering what to purchase, but I don’t want to be sold a car.  I understand. 

A second reason for not seeking advice from a professional is the belief that you can get all the information you need on their own.  Well, that is true, the information is available. However, as a wise man once told me; “Knowledge is not wisdom, and wisdom is not experience.”  Anyone can get the knowledge they need from the Medicare & You handbook and the Choosing a Medigap Policy publication.  You can even call Medicare or other government services.  But, none of those sources can pass along what a good professional has learned from experience.

If you are concerned that an insurance professional will try to sell you something, this article is for you.  This is a guide to finding an insurance professional who will represent your best interest and will add value to your process in learning about Medicare and making the right choice in plans at the best price available.

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How Floridians Save On Medicare Supplement Insurance

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Save on Medicare Supplement PlansMedicare beneficiaries in Florida have the same Medicare Supplement and plan choices as seniors in most states.  However, because Medicare Supplement plans in Florida are priced “as issued” instead of by age, they are significantly more expensive than most other states.  This throws the pricing metric off so that plans that are the best value in other states are a poor value in Florida.  It’s also why only 30% of people in Florida turning 65 choose Medicare Advantage plans, a slightly higher percentage than the national average. In this article, we show some tips and tricks for How Florida residents save on Medicare Supplement insurance plans.

No matter where you live in Florida, there are three main Medicare Supplement plans that you should consider.  For each plan, the prudent consumer will compare the plan features as well as prices. Those plans are Medicare Supplement Plan F, Medicare Supplement Plan N and Medicare Supplement Plan F-HD (high deductible).

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