GoldKey Consulting, Inc.

WE WORK FOR YOU

Affordable Supplemental Insurance Solutions

Two decades ago, GoldKey Consulting, Inc. Insurance Service was founded on the core belief that we work for you, the client.  Thus, our mission is to be a strong insurance advocate. This is especially true for those senior clients who are eligible or becoming eligible for Medicare.

Medicare is complicated.

We know the Medicare system can be overwhelming for our clients.  Thus, our goal is to simplify and thoroughly explain the many options available to them, as well as explain the basic ABC’s of Medicare.  In addition, we’ll help you understand the complex regulations that govern Medicare.  And, because we are compensated by our carriers, there is never a fee for our expert guidance.  Accordingly, we offer Medicare Insurance along with a variety of supplemental insurance to help you widen your safety net.

What We Do

LEARN MORE ABOUT OUR SUPPLEMENTAL INSURANCE

MEDICARE

INSURANCE PLANS

 Eligible for Medicare?  We’ll explain the ABC’s of the Medicare System.  Then, we will help you find the best coverage for your needs.  Accordingly, understand the difference between Medicare Advantage & Supplements.  Additionally,  learn what Part D Plans cover.  For more, be sure to visit our educational section on Medicare a little further below by clicking here.

SUPPLEMENTAL

INSURANCE PLANS

Protect your health and financial well-being with Supplemental Insurance.
These smart affordable plans help to augment your health insurance.  Thus, they will pay for health related services and expenses that regular health insurance typically doesn’t cover. Moreover, some policies pay cash directly to the insured.  Accordingly, select from Dental, Vision, Critical Illness, Life, and more.

HEALTH

INSURANCE PLANS

 Are you compliant with the Affordable Care Act?  Or, do you need Major Medical coverage for you or your family?  We can help!  Accordingly, we will shop for you to find an affordable health plan that fits your needs and budget.  Also, we will make sure it is from a from a top-rated carrier!  Plans are offered both on & off the Exchange (Marketplace).  Learn more by clicking here.

ANNUITY

INSURANCE CONTRACTS

Annuities are investment contracts with insurance carriers.  Thus, they can help you grow your savings or retirement portfolio.  In fact, they often provide retirement income that you cannot outlive.  However, payments can begin immediately, depending on your needs.  Click here to learn more about Annuities. Additionally, you can also watch several educational videos about Annuities.

Overview of Medicare

Eligibility for Medicare

To sign up for Medicare Parts A & B (known as original Medicare) most people will have an Initial Enrollment Period.  Thus, this period begins 3 months prior to the month you turn 65, includes the month you turn 65, and ends 3 months after the month you turn 65.

During your Initial Enrollment Period, you may enroll in a Medicare Supplement Plan, also known as a Medigap Plan.  Accordingly, a Medigap plan will cover your medical costs that are not covered by original Medicare. Additionally, you may also consider a Medicare Advantage Plan (Part C) and also enroll in a prescription drug plan (Part D) during your Initial Enrollment Period.

When you can change plans.

If you have enrolled in a Medicare Advantage Plan or a prescription drug plan, you may change plans each year during the Open Enrollment Period. Thus, open enrollments runs from October 15 to December 7 each year.  Then if you decide to change your plan, your new plan will become effective January 1 of the following year.  In any case, you may change your Medicare Supplement Plan at any time. However, you may be subject to Medical Underwriting to qualify for your new Medigap Plan.

Did you miss your Initial Election Period deadline?  Then, you may qualify for a Special Election Period (SEP).  Accordingly the SEP allows you to enroll in original Medicare, a Medicare Advantage Plan or a prescription drug plan through a qualifying event.   For examples, please click the button below.

Original Medicare Parts A & B

Medicare is the federal health insurance program.  By and large, it is for people who are 65 or older.  For the most part, the different parts of Medicare help cover specific services:

Medicare Part A (Hospital Insurance)

Part A covers inpatient hospital stays.  In addition, it also covers care in a skilled nursing facility, as well as hospice care, and some home health care.

Medicare Part B (Medical Insurance)

Part B covers certain doctors’ services, outpatient care, medical supplies, and preventive services.  Most people will pay a standard Part B premium which varies depending on income.

Medicare Part C (Advantage)

Medicare Advantage Plans are offered by private insurance carriers.  However, if you purchase a Medicare Advantage plan, you are required to continue Medicare A & B.  However, none of your medical expenses are paid for by Medicare. Rather, they are instead paid by the Medicare Advantage insurance company.

Medicare Advantage Plans are much like regular insurance.  Thus, you can select different plan types, such as a Health Maintenance Organization (HMO) or a Preferred Provider Organization (PPO).  Similarly, you can choose a Medicare Medical Savings Account Plan if you prefer. Your monthly premiums will vary based on coverage you select.  Likewise, the carrier and geographical location affect premium amounts.

Medicare Advantage Plans may include prescription drug coverage.  Additionally, they may also offer supplemental coverage, such as dental care  or vision care.

Medicare Part D (Prescription Drugs)

Medicare Part D adds prescription drug coverage to your Original Medicare. While governed by Medicare, Part D plans are offered through private insurance carriers.  The carriers that offer Part D plans are contracted and approved by CMS (The Centers for Medicare & Medicaid Services).  In any event, the premiums for Medicare Part D Plans vary between insurance carriers.

Medicare Supplements (Medigap)

Medicare Supplement Insurance Plans are offered by private insurance carriers and coordinate with Original Medicare to cover the medical expenses that are not covered by Original Medicare Part A & Part B.  There are many different types of Medicare Supplement plans available.  As a result, premiums vary and not all plans are offered by all private insurance carriers.

What is the best plan for your needs?

The benefits found under each plan is standardized and approved by CMS. However, premiums can vary from one insurance carrier to another.  Ultimately, the best Medicare Supplement Plan is the one that fits your needs and is affordable.  Click the button below for an overview of the Medicare Supplement Plans approved by CMS.

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Source:  The information on this page related to Medicare was referenced from Medicare.gov.

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