Whether you’re looking for cheaper Medicare plan rates, personalized coverage, or help with enrollment, Senior Financial Group has you covered!
When you work with Senior Financial Group, you can expect a personalized and reliable experience with our knowledgeable Medicare experts. We are committed to supporting your current Medicare needs and proactively planning for your future, all without any cost to you.
Click below any title to learn more about Medicare:
Medicare is a federally funded health insurance program that covers:
There are four parts of Medicare, each covers a specific service.
Medicare Advantage Plans are a type of Medicare health plan offered by private companies that contract with Medicare. To be eligible for Medicare Advantage/Part C coverage you must have both Parts A and B.
With Medicare Part C:
Original Medicare is a health plan that has two parts: Part A (Hospital Insurance) and Part B (Medical Insurance).
Original Medicare Part A helps cover:
Original Medicare Part B helps cover:
Medigap is Medicare Supplement Insurance that helps to fill “gaps” in Original Medicare. Medicare Supplement/Medigap policies impose no hospital or medical network restrictions and do not replace Medicare. Instead, Medicare Supplements work alongside Original Medicare and pay the cost that remains after Original Medicare has paid, in accordance with the plan documents.
A Medicare Supplement Insurance/Medigap policy can help pay some of the remaining health care costs, like:
You are eligible for Medicare upon turning 65 during the Initial Enrollment Period, however, when you enroll depends on if you plan to continue to work past your 65th birthday and if you still have health insurance from your employer.
If you plan to retire prior to your 65th birthday, you have a 7-month window to enroll in Part A. The enrollment period begins three months before the month you turn 65 and ends three months after your birthday month. After the seventh month, a late enrollment penalty may apply.
If you plan to keep working past 65, are working for a company with 20 or more full-time employees, AND you are covered through their group health insurance, you may not need all parts of Medicare when you turn 65.
You can sign up for Part A (which is free for most people who have worked at least 10 years) and delay premium-based Part B and/or Part D without incurring a penalty and sign up for Parts B and D later when you retire or lose your job-related insurance. When you do retire, you will have a special election period to sign up for Parts B and D penalty free.
If you are planning to keep your employer’s coverage, you’ll want to compare those cost and benefits against Medicare to decide which is the most cost effective.
Want to learn more about your 2024 Medicare options? Now’s the time to book your free plan review for Open Enrollment. This is your opportunity to evaluate your current coverage and make a change for the upcoming year.
Incorporated in 1992 by founder Jerold Johnson, Senior Financial Group is an independent insurance agency dedicated to assisting Medicare beneficiaries and their families.
Our goal is to simplify the Medicare process by providing unbiased education, personalized insurance assessment, peace of mind and solutions for healthier lives.
Our work speaks for itself, and so do our clients. See what they have to say about working with us:
Whether you enroll in plan coverage on your own, or with our assistance, plan pricing is the same. Call Today!
Serving Knoxville, the Tri-Cities of Kingsport, Johnson City, and Bristol, and the greater East Tennessee Area.
Medicare has neither reviewed nor endorsed this information.
Not connected with or endorsed by the United States government or the federal Medicare program