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Here You Can Learn More About The Plans We Offer

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Medicare Insurance

INSURANCE

What Is Individual And Family Health Insurance
  • Medicare Advantage

You can get your Medicare benefits through Original Medicare, or a Medicare Advantage Plan (like an HMO or PPO).  Medicare Advantage Plans, sometimes called “Part C” or “MA Plans,” are offered by private companies approved by Medicare. Medicare pays these companies to cover your Medicare benefits. If you join a Medicare Advantage Plan, the plan will provide all of your Medicare Part A (Hospital Insurance) and Medicare Part B (Medical Insurance) coverage, and may include your Part D (Drug Coverage).
A Medicare Advantage Plan is different than a Medicare Supplement Insurance plan.

Medicare Part D, also called the Medicare prescription drug benefit, is a United States federal-government program to subsidize the costs of prescription drugs and prescription drug insurance premiums for Medicare beneficiaries.

  • Medicare Part D

  • Medicare Supplement

A Medicare Supplement Insurance (Medigap) policy, sold by private companies, can help pay some of the health care costs that Original Medicare doesn't cover, like co-payments, coinsurance, and deductibles.

Some Medigap policies also offer coverage for services that Original Medicare doesn't cover, like medical care when you travel outside the U.S. If you have Original Medicare and you buy a Medigap policy, Medicare will pay its share of the Medicare-approved amount for covered health care costs. Then your Medigap policy pays its share.

A Medigap policy is different from a Medicare Advantage Plan. Those plans are ways to get Medicare benefits, while a Medigap policy only supplements your Original Medicare benefits.

Health insurance covers medical expenses for illnesses, injuries and conditions. But, unlike a plan through an employer, individual health insurance is something you select and pay for on your own. So, what’s health insurance for and why do you need it?

  • Because accidents or health problems can happen at any time

  • Medical expenses can be high—they’re the number one cause of bankruptcy

  • To gain access to a network of doctors and hospitals that have negotiated lower rates with insurance companies

  • To pay and keep track of medical payments quickly and easily

  • To safeguard your way of life and your family’s physical and financial well being

Understanding Health Insurance Terms

We know health insurance has its own language with different terms, like “deductibles,” “coinsurance” and “copayments.” Once you get a good grasp on some of these basic terms, you’ll see how simple health insurance can be. Let’s start by defining these terms.

  • Deductible: This is a set amount you have to pay toward your medical bills every year before your insurance company starts paying. It varies by plan and some plans have no deductible

  • Premium: This is the amount you pay your health insurance company to keep your coverage active. Most people pay their premium monthly.

  • Coinsurance: This is the percentage of your medical bill you share with your insurance company after you’ve paid your deductible. Unless you have a policy with 100 percent coverage for everything, you have to pay a coinsurance amount. For example, if you have a $100 doctor’s bill and your plan covers 80 percent of it, your coinsurance amount due to the doctor’s office is 20 percent, or $20.

  • Copayment (or “Copay”): Your copayment, or copay, is the flat fee you pay every time you go to the doctor or fill a prescription. It’s usually a relatively small dollar amount. Copays do not count toward your deductible.

M.E.D offers traditional individual and family plans as well as specialty plans when you need a policy for a short period of time (in between jobs, waiting for an employer plan) as well as travel plans when you plan to be out of the country.

Life Insurance

Life insurance is a crucial step in planning for your future and the future of your loved ones. Below are the types we offer.

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Final Expense Insurance is a form of whole life insurance characterized by its simplified underwriting with no physical exams. Premiums never increase and plans cannot be cancelled unless premiums are not paid. Face amount are lower than traditional Whole Life.

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