SeniorQuote Insurance Services

10/07/2021

starts Oct. 15! Now’s a good time to review your current coverage and start thinking about what benefits matter to you in 2022.

Visit https://go.cms.gov/3msXKSl to compare your current plan to others.

03/18/2021

Medicare Advantage Open Enrollment ends March 31st. Call one of our agents to ensure you are in the plan that fits your needs. 1.800.992.7724

During Medicare Advantage Open Enrollment, switch to a different MA Plan, or go back to Original Medicare and, if needed, join a Medicare drug plan. Official Medicare site.

10/06/2020

Did you know that only 59% of Americans have life insurance—and
of those who do, half are under-insured? Our SeniorQuote Life Insurance division is available to help you determine if you have the coverage you need.

08/07/2020

https://www.cnbc.com/2020/08/06/heres-how-to-handle-medicare-coverage-if-moving-to-another-state.html

Be sure to familiarize yourself with the rules that apply to Medicare when you move to a new state, including how long you get to switch your coverage.

07/28/2020

SeniorQuote Insurance Services Inc.

Medicare Today and Tomorrow
Political Solutions:

 Medicare as we know it today is funded through a government trust fund that is
projected to go insolvent in the year 2026. There are two different fixes proposed by
both Republicans and Democrats to provide a solution.
 The Republican Program:
1. Maintain the current ‘Private Insurance Program’ with shared increase of costs being
covered by the government, the private insurers and the beneficiaries.
2. Raise the eligibility age to 67 to enroll. The current eligibility age for Medicare is 65.
People’s life expectancy since the implementation of the program in 1967 has
significantly increased and people are working longer.
3. This would maintain a Multiple Payer System: the government, private industry and
beneficiaries.
 The Democratic Program:
1. Eliminate the ‘Private Insurers Program,’ and begin to implement a ‘Medicare for All
Program’ creating a defined contribution program funded by the Government and
Medicare Participants. This could be accomplished by eliminating the Medicare
eligibility age.
2. Reduce the eligibility age to 60 and reduce government payments to all Providers
(hospitals, nursing homes, drug companies).
3. This would eliminate the ‘Private Insurance Program’ and create a ‘Universal Health
Care System’ funded by a ‘Single Payer System,’ the Government and Beneficiaries.
Impact on Current Medicare Beneficiaries:
 Current beneficiaries would be grandfathered in and receive care under the existing
program.
 New beneficiaries under the Democratic Program (current aged 60 and older) would
receive benefits immediately.
 All beneficiaries under either proposal would have to experience a higher cost in order
to maintain solvency in the government trust fund.