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Whether you’re looking for cheaper Medicare plan rates, personalized coverage, or help with enrollment, Senior Financial Group has you covered!

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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.

  • Personalized Assessment: We will assess your current Medicare plan and evaluate if it aligns with your specific healthcare needs and budget.
  • Cost Savings Opportunities: Discover potential cost-saving opportunities by exploring alternative Medicare plans or identifying available financial assistance programs.
  • Clear Plan Recommendations: Receive unbiased and tailored recommendations on how to optimize your Medicare coverage, ensuring you’re getting the benefits you deserve.
 
Share your contact information and one of our licensed Medicare Advisors will contact you within 24 hours.

Click below any title to learn more about Medicare:

Medicare is a federally funded health insurance program that covers:

  • People turning 65 and older.
  • Those with End-Stage Renal Disease, which is kidney failure that requires dialysis or a transplant.
  • Some people under 65 with certain disabilities.
  • Beneficiaries must be a U.S. citizen or legal resident for five continuous years.

There are four parts of Medicare, each covers a specific service.

  • Part A provides inpatient/hospital coverage.
  • Part B provides outpatient/medical coverage.
  • Part C offers an alternate way to receive your Medicare benefits.
  • Part D provides prescription drug coverage.

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:

  • Monthly premiums vary by plan
  • Annual deductible and maximum out of pocket
  • Combines Part A and B coverage
  • Usually includes drug coverage

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:

  • Inpatient care in hospitals
  • Skilled nursing facility care
  • Hospice care
  • Home health care

Original Medicare Part B helps cover:

  • Services from doctors and other health care providers
  • Outpatient care
  • Home health care
  • Durable medical equipment (wheelchairs, hospital beds, etc.)
  • Many preventative services (screenings, vaccines, etc.)

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:

  • Deductibles – ex. Part A/Hospital Deductible.
  • Copayments – ex. Emergency Room and Medical Doctor Copays.
  • Coinsurance – ex. Part B 20% Coinsurance.
  • Excess Charges – ex. Part B Excess Charges.

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.

 

  • October 15 to December 7Open Enrollment Period: OEP/AEP is the time period in which Medicare beneficiaries can make changes to their Medicare Advantage and Medicare Part D plans for the coming year.
  • December 8 to November 30Five-Star Special Enrollment: During this time, Medicare beneficiaries can update to a plan with a “5-star” quality rating.
  • January 1 to March 31General Enrollment Period: This time period is for beneficiaries who didn’t sign up when they were first eligible. 
  • January 1 to March 31Medicare Advantage Open Enrollment Period: Beneficiaries who already have Medicare Advantage can go switch to Original Medicare or a different plan.
  • First year of Advantage coverage – If a beneficiary is dissatisfied with their Medicare Advantage plan, it’s possible to switch back to Original Medicare and buy a Medicare Supplement insurance plan without medical underwriting

 We work with trusted carriers to get your best plan.

Now Scheduling for Open Enrollment!

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.

About Us

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.

Read Our Reviews

Our work speaks for itself, and so do our clients. See what they have to say about working with us:

Teri Burkett
Teri Burkett
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I attended the Medicare Workshop presented by Adrianna which was very informative and insightful. The next day my advisor, Jerry, called me and he was very helpful with answering the lingering questions I had about the different options I had for plans. He made the enrollment process smooth, and I felt confident that I was getting the best plan for me. He is very professional, knowledgeable, and patient. I highly recommend Jerry!
HeidiCakes
HeidiCakes
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My husband turns 65 in April and we were extremely frustrated trying to figure out the best plan for him. We got one of Karen's business cards from Summit Medical and it was the best thing we ever did! Karen was extremely knowledgeable, patient, and explained the different plan options to us. She was able to enroll him over the phone and we now feel confident that my husband has excellent and affordable medical coverage. I would recommend anyone muddling through Medicare options contact her!
Marquetta Schmitt
Marquetta Schmitt
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In the midst of all the Medicare supplemental options, I was at a loss of full understanding until I was fortunate to call Jennifer Lucas at Senior Financial Group. She was so professional and patient with helping me assess my options. Not only did she make my options understandable, but in the end, I was able to have improved coverage with less cost to me. I will be sharing my experience to everyone I know. Thank you so much Jennifer..
Sharon Essary
Sharon Essary
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Ms. Karen Hambrick has been one of the nicest knowledgeable people I have spoken to in regards to our healthcare coverage. I really appreciate the time she took to help me with what my husband and myself needed. Thanks again Karen.
Chris Mee
Chris Mee
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Best customer service on the planet. Extremely knowledgeable about Medicare, life insurance and annuities. Highly recommend!!
Cheryl Satink
Cheryl Satink
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My husband and I visited their location to meet with Jerry Emert. We were totally satisfied with his expertise and guidance with finding the right Medicare insurance and supplements. I have to say he went the extra mile and then some for me to get a IH plan that would accept me! He will spend as much time as you need to help with anything you need; he is also very professional and understands what you are looking for. Thank you for everything Jerry!
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Our services are free of charge.

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.

© 2024 Senior Financial Group. All Rights Reserved.

Medicare has neither reviewed nor endorsed this information.
Not connected with or endorsed by the United States government or the federal Medicare program

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