Toll Free: 866-670-3432  --  Main Office: 724-603-3403

facebook white

News From The Health Insurance Store

Tens of thousands of seniors are grossly overpaying  for Advantage Plan HMO’s and PPO’s as well as exposing themselves to higher co-pays for hospitalization. 

This is the opportunity for you to compare your plan to others on the market. Lot’s of changes that happen from year to year with these advantage plans with HMO’s and PPO’s and you want to know what those are. Give The Health Insurance Store a call. Tell them what plan you have ask if there have been changes and see if you have the most competitive plan.

 

Listen to Aaron Zolbrod on KDKA radio commercial free if you missed the live broadcast and learn more how the Health Insurance Store save you money, help you understand health insurance and get your best plan.

Aaron Zolbrod on KDKA radio commercial free 10/19/19

Sound Cloud Logo The Health Insurance Store

 

Call: 724-603-3403

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Visit Online: https://getyourbestplan.com

 

#thehealthinsurancestore, #getyourbestplan

Ask the Medicare Specialist 

By Aaron Zolbrod

Screen Shot 2019 10 15 at 103429 AM

 

There is no question this week. However, I believe this may be the most important column I’ve ever written. I want it to be read by as many people as possible who have older parents, aunts, uncles, brothers, sisters, or friends. I need to address a serious problem in Western Pennsylvania as Medicare Annual Election Period begins. Tens of thousands of seniors are grossly overpaying for Advantage Plan HMO’s and PPO’s as well as exposing themselves to higher co-pays, especially for hospitalizations. 

I’ve known for years it was an issue, but only until I opened our Pittsburgh location did I realize it could almost be described as an epidemic. At the root is fear, lack of understanding how Advantage Plans work and are regulated, as well as being uncomfortable with change. 

I find it to exist almost exclusively among members of one company. The older the people are, the more likely it is that they’ve been entrenched in an overpriced plan for years. The script is almost alwaysthesame.They’vebeenwith their health insurance company for literally decades and it was provided when, “John worked at the mill. And after he retired, we got a Medicare plan with them and have had it ever since.” And they never changed plans, even as premiums increased as much as 500%over the years. 

It’s very common to hear this as well. “When John had his heart attack in 2007, the bill was $70,000 and we didn’t pay anything.” This is where the fear often stems from. There’s angst if there were a need for another costly medical procedure or service in the future, a different insurance company would leave them with tens of thousandsof dollarsinbills. 

That simply can’t happen due to regulations Medicare puts on Advantage Plan companies. Every 

ANSWER:
plan must have a Maximum Out of 

Pocket, or MOOP, that represents the most money one can be billed in a calendar year. It ranges from $3,400 to $6,700 and once it’s met, all other medical services, excluding prescription drugs, are paid by the insurance company at 100% the rest of the year. In addition, every Advantage Plan must cover the same benefits as Medicare, as good or better than Medicare, regardless of premium. The $0 plan covers the same exact categories of benefits as the plan that’s $300/month. Only co-pays vary. But as I’m going to illustrate, not enough to warrant paying $2,000 to $3,500 more in premium per year. But we often can’t get that concept through to people, even when shown side by side they aren’t getting fair value in return for paying higher premiums. Many won’t hear of even the suggestion they take a look at other plans. 

Two of the most expensive Advantage Plan companies next year will be upwards of $300/month. If those who have either of these were to need Chemotherapy, spend six weeks in a Skilled Nursing Facility, receive expensive injections for Macular Degeneration, require Remicade infusion (quite common today), as well as other more expensive medical services or devices, their bills would total their MOOP, between $4,000 and $5,000. There are other Advantage Plans available that cost as much as $200-$275 less per month ($2,400 to $3,300 less per year). And if the same services were needed, the total bills would be similar, or even lower. A hospitalization on a more expensive plan isn’t even $100 less compared to some of the lower cost plans. In addition, co-pays for other common services such as blood tests, MRI’s, X-Rays, and outpatient surgeries are very often the same. Those who aren’t overpaying, but still refuse to look at competing 

724-603-3403 

Connellsville 

412-349-8818 

companies, are often exposed to larger co-pays. Like I mentioned earlier, it’s especially true of hospitalizations. Some of the most popular plans in our area have co- pays for a 5-day or longer hospital stay over $1,000. While plans with lower premiums can have co-pays of up to $800 less! 

This dynamic of paying more and getting less is incomprehensible to most and can contribute to people overpaying in my opinion. Most seniors were taught, “you get what you pay for.” Unfortunately, that just doesn’t hold true when it comes to Medicare Advantage. If I were in charge of regulating this program, the first change I would make is limiting premiums to $100/ month. 

Here’s the bottom line. With only a handful of exceptions, myself and the agents at The Health Insurance Store WILL NOT be recommending Advantage Plan HMO’s or PPO’s with premiums higher than $60/ month in 2020. If you have an older family member or friend on Medicare, please make sure they aren’t overpaying. Encourage them to have their plan reviewed and compared at The Health Insurance Store. And most importantly, be there for the appointment. I’ve found when a loved one or a trusted friend is by their side to help understand changing plans is the smart choice, they’ll do it. However, it can make all the sense in the world, but without that pat on the back, many will remain on their plan and continue to be taken advantage of. 

Consultations are always no cost and can be held in person at one of our office locations, over the phone, or if you’re not in close proximity, we can now provide a virtual appointment. If you have a computer or iPad and the internet, you can interact with an agent just like you were sitting across the desk. 

logo

724-603-3403

Connellsville Location

412-349-8818

Forest Hills Location

www.getyourbestplan.com 

Email your question to: This email address is being protected from spambots. You need JavaScript enabled to view it. 

No-cost, unbiased Medicare plan review and consultation with local, licensed agents 

Medicare from A to Z with Aaron Zolbrod live on KDKA, Saturday morning Oct. 19th from 7-8 in the morning on KDKA 1020am.

Aaron will be discussing issues for seniors and taking questions live on air.

It's a great opportunity to learn about the nuances and trap doors of Medicare.

Screen Shot 2019 10 16 at 3.38.36 PM

 

Listen Live on KDKA 1020am or online at https://www.radio.com/kdkaradio/listen

 

Save money, understand health insurance and get your best plan with the professionals at The Health Insurance Store.

 

Call: 724-603-3403

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Visit Online: https://getyourbestplan.com

 

#thehealthinsurancestore, #getyourbestplan

Open Medicare Enrollment Oct. 15th - Dec. 7th

Contact the professionals at The Health Insurance Store to get your best plan.

Toll Free: 866-670-3432  --  Main Office: 724-603-3403

 

 

Medicare A-Z with Aaron Zolbrod on KDKA (commercial free) recorded 9/21/19.


Listen to Aaron on KDKA answer questions from the audience. He will help you understand all your Medicare options, how to avoid costly medical bills, gain access to the doctors and hospitals you need and unravel all the confusion of Medicare. Listen and learn from the owner of The Health Insurance Store and make sure to Get Your Best Plan.

 

Listent to Aaron on KDKA

 

ask

Want the latest news and up-to-date info regarding Medicare? Click here to learn more from the Medicare Expert.

Have a question about Medicare? Contact us today!

Erie County Area

1105 West 12th Street, Suite – A
Erie, PA 16501
Phone: 814-920-5275
Fax: 814-920-5276

Fayette/Westmoreland County Area

121 North Pittsburgh Street
Connellsville, PA. 15425
Phone: 724-603-3403
Fax: 724-603-3402

Pittsburgh Area

21 Yost Blvd., Forest Hills, PA 15221
Mailing Address: 128 Forest Hills Plaza, Pittsburgh, PA 15221
Phone: 412-349-8818
Fax: 878-302-3149

Albuquerque/Santa Fe, New Mexico Area

821 Coors Blvd. NW
Albuquerque, NM 87121
Phone: 505-200-0069
Fax: 505-200-0073

Serving These Areas

We proudly serve the health insurance and Medicare needs of the following Pennsylvania areas:  Connellsville, Uniontown, Greensburg, Mt. Pleasant, Scottdale, Irwin, N. Huntingdon, Murrysville, Monroeville, Plum, Lower Burrell, New Kensington, Pittsburgh, Plum, Oakmont, Penn Hills, Forest Hills, Wilkinsburg, East Liberty, Lawrenceville, Bloomfield, Natrona Heights, Leechburg, Washington, Morgantown WV, Latrobe, Monnessen, Jeanette, Erie, Edinboro, Northeast, Girard, Fairview, Union City, Harborcreek, Corey, Meadville, Waterford,  Ligonier, Kittaning, Somerset, Waynesburg, Fayette County, Westmoreland County, Armstrong County, Butler County, Somerset County, Erie County, Crawford County, Venango County, Allegheny Valley, Pennsylvania

We proudly serve the following New Mexico areas: Albuquerque, Rio Rancho, Sante Fe, Bernalillo, Belen, Los Lunas, Espanola, Moriarty, Corales, Tijeras, Cedar Crest, Edgewood, Soccoro, Sandoval County, Sante Fe County, Bernalillo County, Rio Arriba County, Valencia County, Soccoro County, New Mexico