Medicare & More-Made Easy
About Us
Terry Tyson began working in the insurance industry as an agent in the 1990′s, and since then has helped hundreds of people manage their Medicare
Supplement, Medicare Advantage, Part D(RX) drug coverage, final expense, life insurance, dental, vision and hearing, cancer, hospital indemnity, and
more….
Everyone needs help from time to time. That’s why we at My Senior Savings are dedicated to helping you with one of the most important issues a person ever faces: how to manage their healthcare costs. These are issues that can affect the very lives of our clients, and we take this very seriously. Most people are unaware of how much they can save on their medical bills.
With the right Medicare plan, we’ll show you how. We’re only a
call away at 252-226-0080.
Why My Senior Savings?
Freqently asked questions
Advantage Plans
Medicare Advantage is a comprehensive plan within Medicare that was created to fit the needs of Americans who use Medicare. Like Medicare, it is available to you as soon as you turn sixty-five, as well as if you have end-stage renal disease.
Because your healthcare is so important, it’s critical to know the differences between Medicare Advantage and Medigap plans, (also known as supplemental Medicare Insurance plans).
When considering the cost of a Medicare Advantage plan, it’s important to remember that insurance can be budgeted, but unexpected illness cannot. Especially in your retired years, it’s important to know what you need to spend month to month.
Monthly premiums for Medicare Advantage plans vary by plan.
In order to enroll in a Medicare Advantage plan, you must already be enrolled in Medicare Part A and Medicare Part B. Although most seniors aged 65 or older or individuals under 65 with certain disabilities are automatically covered under each of these, Medicare Part B is optional, so you should verify that you are covered under Part B, and if not, enroll in it prior to joining a Medicare Advantage program.
Medicare Supplements
Medigap Medicare supplemental insurance has allowed many seniors to manage their finances in a predictable and consistent manner by eliminating the dramatic financial surprises that can come with unexpected medical costs. Medigap Medicare supplemental insurance is a private policy that retirees can add to their regular Medicare policy to pay for expenses not covered under their original policy.
Supplement insurance with Medicare is an essential part of the financial health plan for many seniors who are concerned about affording their medical costs during retirement. Medicare on its own can cover 80 percent of costs related to Medicare Part A and Medicare Part B insurance expenses, but for many seniors, that isn’t enough. A separate form of supplement insurance can close that 20 percent coinsurance gap, leaving you with a predictable monthly premium and no financial surprises in the face of a medical emergency.
Medicare Part B supplemental insurance is the cornerstone of your health care plan, covering regular doctors’ visits, outpatient hospital care, emergency room visits and preventative care. Your Part B insurance is part of original Medicare along with Part A, which covers inpatient hospital visits and long-term care. You must enroll in both Medicare Parts A and B to purchase a supplemental insurance plan and is also required when purchasing Part D supplemental insurance.
Medicare supplemental insurance coverage can make a significant difference to seniors looking for ways to save during retirement. Most seniors live on fixed incomes, making predictability an important factor to their finances. Medicare supplemental insurance coverage gives you a consistent monthly premium while taking care of major medical expenses, including supplemental dental coverage, so you have no surprises or dramatic fluctuations in your income.
Final Expense
You may not have thought about the importance of purchasing final expense life insurance, if you already have traditional life insurance. Nevertheless, you may still need both of them. Although most people find that this type of insurance is not necessary, for some it can be. This additional level of insurance will provide you with protection over the costs associated with funeral expenses, something that may not have coverage by a traditional life insurance policy. There are other things to consider, too.
Having a Final Expense Insurance policy means you are covered for your entire lifetime. It also provides those left behind the means and the ability to pay any remaining expenses or outstanding debts – you can even make bequests!
Burial expense insurance is an ideal investment for the aging population. If you are getting into the later years of your life and you are worried about providing enough financial protection for your family at the time of your death, this type of life insurance policy may be a tool to use. Although there are many forms of life insurance today, this particular type offers several key benefits you cannot find otherwise. Plus, it can be one of the most affordable insurance policies available to you.