Medicare is health insurance for:
People age 65 or older
People under 65 with certain disabilities
People of any age with End Stage Renal Disease (ESRD)
What you have to keep in mind, is that Medicare alone will not cover all your medical bills. This is the reason why most people who don’t have healthcare provided through an employer, will elect to choose some sort of supplement coverage in addition to Medicare.
Optional Prescription Drug Coverage
A prescription drug option managed by private insurance companies under contract with Medicare to help cover the cost of prescription drugs. It may help lower your prescription drug costs and help protect against higher costs in the future.
• Medicare Part A Coinsurance
• Medicare Part B Coinsurance
• Deductible Coverage Available
A Medicare supplement insurance policy, also known as a Medigap policy, helps pay your share (coinsurance, co-payments or deductibles) of the costs of Medicare-covered services. Some Medicare supplement policies cover certain costs not covered by Original Medicare Parts A and B.
Whether you are healthy or chronically ill, health insurance can provide the financial protection you need for both routine and unexpected healthcare needs. SMG Health is here to help you tailor plans that meet you and your family’s needs without breaking the bank.
SMG Health understands that health care can be very confusing. Our trained staff can help guide and educate you through this difficult decision. Whether it’s helping you on or off the marketplace you can have confidence that our licensed and train staff will be competent to explain policy benefits and design a health plan that fits your budget.
You can only sign up for individual health insurance during the Annual Open Enrollment period unless you qualify for a special enrollment period. The Annual Open Enrollment period for 2020 will be November 1st 2019 through December 15th 2019 and the coverage will start January 1st 2020.
1. A qualified individual or dependent loses minimum essential coverage.
2. A qualified individual gains a dependent or becomes a dependent through marriage, birth, adoption, or placement for adoption.
3. An individual, who was not previously a citizen, national, or lawfully present individual gains such status.
4. A qualified individual’s enrollment or non-enrollment in a QHP is unintentional, inadvertent, or erroneous and is the result of the error, misrepresentation, or inaction of the Exchange or HHS.
5. An enrollee adequately demonstrates to the Exchange that the QHP in which he or she is enrolled substantially violated a material provision of its contract in relation to the enrollee.
6. An individual is determined newly eligible or newly ineligible for advance payments of the premium tax credit or has a change in eligibility for cost-sharing reductions, regardless of whether such individual is already enrolled in a QHP. (The Exchange must permit individuals whose existing coverage through an eligible employer-sponsored plan will no longer be affordable or provide minimum value for his or her employer’s upcoming plan year to access this special enrollment period prior to the end of his or her coverage through such eligible employer-sponsored plan).
7. A qualified individual or enrollee gains access to new QHPs as a result of a permanent move.
8. A qualified individual or enrollee demonstrates to the Exchange that the individual meets other exceptional circumstances (as defined by the Exchange).
We understand that sometimes you may need health insurance for a short period of time, to bridge a gap while you are in transition. Short term medical can do just that for you if you are in between jobs, waiting for other coverage to begin, waiting to be eligible for Medicare coverage or you’re without health coverage outside the open enrollment.
Your ability to earn a living and contribute to your household is likely your most valuable asset. Disability insurance replaces a portion of your income—or helps cover the cost of household services for stay-at-home-parents—should illness or injury prevent you from doing your job. We can help protect your income, and your family, with disability insurance. Let us help you find the right coverage.
A disability policy can help supplement your employer’s plan.
By owning a disability policy, you can close the gap between what’s covered by your employer’s group policy and what you need to maintain your lifestyle. Even if you have group disability insurance through work, most group plans:
“Your ability to earn an income is one of your largest assets, so why not protect it the same way you’d protect your car or home?”
Hospital Indemnity insurance, also called Hospitalization insurance or Hospital insurance, is a plan that pays you benefits when you are confined to a hospital. This can be a planned or unplanned reason, or for other medical services, depending on the policy.
Hospital stays can strain even the healthiest of budgets. And in many cases, you can’t ignore the care you need even if it’s going to push you financially. Hospital Indemnity insurance plans provide payment for each day spent in the hospital, and many times for some other qualified expenses as well. That’s money you can use as you choose, whether for hospital bills or those other costs that come up while you’re recovering.
Life insurance helps you plan ahead and provide long-term financial security for your family when they would need it most. You can’t put a dollar amount on your loved ones, but a life insurance policy can help ensure their future is protected. We will help you to determine how much coverage you need and how long it’s needed. Then provide an affordable life insurance policy that is the perfect fit for you and your family.
Some older adults over 60, 70 or even 80 years of age, are looking for a coverage amount, enough to cover final expenses such as burial costs or to pay off bills. This is typically known as senior life insurance, burial insurance or final expense insurance. These senior life insurance policies offer a guaranteed way to help protect their legacy. The benefits can help your loved ones pay for medical bills and final expenses. This can alleviate stress on your family by helping to enable them to resolve your outstanding financial matters in your absence.
If you have loved ones that depend on you, you need life insurance, no matter what age you are. From choosing between whole and term life insurance to picking the right policy, we’re here to help you every step of the way.