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Medicare supplement Archives - Steinlage Insurance Agency

Options for Mutual of Omaha Medicare Supplement Policyholders

By | Making the Most of your Medicare | No Comments

 Is your United of Omaha or Mutual of Omaha Medicare Supplement premium increasing June 1st?  If so, our agency can help.  We represent many different insurance companies that offer seniors in Missouri the most competitive rates on Medicare Supplement insurance.  In the last few weeks, we have helped many clients find alternatives to these escalating premiums. Missouri has a unique law that allows policyholders to change their Medicare Supplement plan without any underwriting, regardless of pre existing conditions, to save money on their premiums. For example, if you are a 68 year old male with United of Omaha, your premium may be increasing to $220/month or more for Plan F.  There are other A+ rated insurers that offer a 68 year old male the exact same coverage, Plan F, for only $177/month. Contact us today for a free, no obligation comparison of your Mutual of Omaha Medicare Supplement policy and…

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How Hospice and Medicare supplements work together

By | Making the Most of your Medicare | One Comment

As parents age, sometimes Hospice care is necessary.  Hospice is defined as care designed to give supportive care to people in the final phase of a terminal illness and focus on comfort and quality of life, rather than cure. The goal is to enable patients to be comfortable and free of pain, so that they live each day as fully as possible. Children who are intervening with parents’ affairs are often confronted with keeping Medicare Supplement insurance while Hospice pays the majority of expenses, sometimes making the supplement unnecessary.  You should be aware that there are some expenses, like medical equipment and prescription drugs, that are not covered by Hospice.  These services are then covered 80/20 by Medicare and the supplement.  The risk you run is if you drop the supplement, you are then paying the 20% yourself. It is also not uncommon that a person is taken off Hospice….

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Special School District Retirees faced with insurance changes

By | Making the Most of your Medicare | No Comments

  In the upcoming weeks, retirees’ from the Special School District of Saint Louis County are faced with an insurance decision similar to an algebra exam, deciphering the Medicare world after years of relying on an employer for assistance. This situation is becoming more common, as the employee/employer landscape changes, employers cut expenses, and retiree healthcare costs continue to increase faster than the rate of inflation.  Over the years, we have helped many retirees choose the best possible plan when making this decision. If you find yourself losing an employer retiree plan, here are a few things to consider: 1. If your employer terminates your coverage and you are on Medicare, you can purchase a Medicare Supplement without passing through medical underwriting.  You are able to sign up for a supplement (which will pay the 20% that Medicare leaves behind as well as the hospital expenses) regardless of your health…

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