Senior Care Insurance Services

By Woodrow Wilcox

Currently, there is a lot of misunderstanding about Standard Plan F Medicare supplement policies. Some of our clients have been misled. Here is the truth about Plan F policies.

Anyone born after January 1, 1955 will not be able to buy a Plan F Medicare supplement policy. But, people born before that date CAN buy or keep their Plan F policies.

Recently, a client contacted our agency to cancel a Plan F policy. We asked why. The client told us that a financial advisor said that Plan F policies would not be available after January 1, 2020. That is incorrect. Plan F policies will still be available for anyone born on or before January 1, 1955.

Before you cancel a policy or make any other major decision about health care, seek an experienced person and ask your questions before making a decision or change. In this case, our client should have consulted with us to get a second opinion after getting false information from a financial advisor.

Some clients have reported that other insurance agents have told them that they will need to change their Plan F policies to something else. The agents then offer to help them do that. That is false. If you have a Plan F policy, YOU DO NOT NEED TO CHANGE TO ANOTHER POLICY. We believe this unethical and deceptive tactic of telling a senior that a change is required is really just designed to take away Medicare clients from our insurance agency.

It is usually easy to switch from a Plan F to another Medicare supplement plan with the same company. It is sometimes difficult or impossible to switch from a Plan G to a Plan F policy. If your health has declined, it is often wise to keep the policy that you have because some insurance companies would not accept you as a client.

Senior citizens need help with deciding whether to use Medicare and a Medicare supplement plan or use a Medicare Advantage plan. Our agency consults seniors about this all the time. It is one of the reasons that our agency has grown to be the largest senior citizen oriented insurance agency in northwest Indiana.

Also, our agency has gained a reputation for giving our clients great customer service. The Medicare system is far from perfect. When there are problems with medical bills, our clients know that they can get help from our agency FREE OF CHARGE.

Written on June 12, 2019 by Woodrow Wilcox