Page 31 - Senior Link Magazine Winter 2022 - Online Magazine

SENIOR RESOURCES

Medicare
Medicare

Supplements?
Supplements?

by David Lewallen

any advertisements have recently
concentrated on Medicare Advantage plans.
MHowever, should a Medicare Supplement
Insurance Policy be considered?

A Medicare Supplement works only with Traditional
Medicare. Traditional Medicare consists of Medicare
Part A (Hospital Insurance) and Part B (Medical • Claims are filed automatically with Medicare.
Insurance). This is your Red, White and Blue card. If
someone takes Part C of Medicare, which is known • Medicare Supplements are not complicated. Simple
as Medicare Advantage, then they are still on the can be nice.
Medicare program but not on Traditional Medicare. This
means someone on Medicare Advantage cannot take a Let’s return to the initial question: “Should a Medicare
Medicare Supplement. Supplement be considered?” Let me answer that
question this way: Medicare Advantage plans have their
Let’s review some key points of Medicare Supplement place, but as for this insurance agent, who himself is on
Insurance Policies. Medicare now, my decision was to stay with Traditional
Medicare and a Medicare Supplement.
• Medicare Supplements are guaranteed renewable
for life, as long as premiums are paid on time,
providing peace of mind. David Lewallen graduated
from Texas Tech University
• Coverage remains in force year-to-year with no with degrees in Finance
obligation by policyholder to renew or change. and Accounting and
decided to make Lubbock
• Policy benefits are standardized by the Federal his home. He received
Government, providing stable coverage that does his insurance license in
not change from year to year. Individual insurance 1979 and has been helping
carriers cannot change the benefits of a Medicare people on Medicare for over
Supplement plan. 40 years.

• No restrictive networks: Policyholders can choose
any doctor, any hospital, or any specialist who
accepts Medicare.

• Medicare Supplement policyholders have the option Medicare Supplements
to change their plans (if they meet underwriting
requirements) or carriers 365 days a year.
David B. Lewallen
• You are not required to call the Medicare independent agent
Supplement carrier to get approval on a procedure.
If Medicare approves the procedure, the Medicare
Supplement must pay the benefits according to the 2815 74th St P.O. Box 53957
policy. lubbock, texas 79423 lubbock, texas 79453
(806) 792-7510 fax (806) 799-8153

Doing business locally for over 38 years

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