Medicare Supplement
A Medicare Supplement (Medigap) insurance, sold by private companies, can help pay some of the health care costs that Original Medicare doesn't cover, like copayments, coinsurance, and deductibles.
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Navigating the complex world of insurance can be frustrating. We're here to make it easy and be a resource you can depend on year after year.
Medicare Advantage
Medicare Advantage plans are new health care options that are part of the Medicare program. Coverage may include Medicare Part D prescription drug coverage as well as hospital, doctor, skilled nursing, and other medical services.
Medicare Part D
Medicare Part D is the federal government's prescription drug program that covers both brand-name and generic prescription drugs at participating pharmacies in your area.
Final Expense
The cost of a funeral can add up quickly. The last thing you or your family needs is to worry about is if you will be able to cover the funeral expenses. That is why planning ahead is critical.
Retirement
It's something we all have to think about before it's too late: Retirement. Let's talk about your retirement options now, so you can plan to have a comfortable future.
Critical Illness
If you are diagnosed with a covered illness like Cancer, Heart Attack, Stroke or Alzheimer’s disease, Critical Illness insurance pays typically pays a lump sum. Additionaly, some policies may pay a monthly cash benefit.
Dental Insurance
Proper dental care can be an important component of our well being. Dental coverage of some kind can help you ensure the health of your teeth and gums.
ABOUT LYTER FINANCIAL & MEDICARE
Your Trusted Insurance Professionals:
At Lyter Financial and Medicare our goal with every client is to provide honest, straight-forward answers and solutions through Medicare educational workshops, and one-on-one meetings. Our approach is to guide each individual client with solutions that are best suited for their personal situation.
YOU'VE GOT QUESTIONS
We've got answers:
Do I need to enroll in Medicare when I turn 65?
This is one of the most common questions we receive from those turning 65, who plan to continue working. Unfortunately, the answer is that, it depends.
If your current coverage is through an employer with less than 20 employees, you'll likely need to enroll in Medicare.
If your employer has more than 20 employees, it's best to review your options:
Are you happy with your current coverage?
What is the monthly cost?
Do you have a large deductible?
If married, where will your spouse have coverage, or be eligible for COBRA?
If your coverage is through the Affordable Care Act, you'll generally need to transition to Medicare at age 65.
These are just a few factors to consider. As always but we're happy to have a quick conversation to answer questions about your personal situation.
Do I need to take Social Security Benefits?
Enrollment in Social Security benefits and Medicare are independent of one another. While most are eligible to enroll in Medicare at age 65, full retirement age for Social Security increases each year and will be age 67, for anyone born in 1960 or later.
Depending on your personal situation, it may make sense to enroll at different times.
How do I plan for Long Term Care costs?
The cost of both Long Term Care, and health insurance are areas that many of the people we meet with have not considered when planning for retirement. Studies have shown that the average couple entering retirement at age 65 will spend over $300,000 on these expenses over their lifetime, with the monthly cost of a nursing home exceeding $10,000 per month.
If you have assets that you'd like to protect, we can help you develop a plan to address your concerns with these costs in retirement.
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