Home:Medicare Supplemental Insurance
Medicare Supplemental Insurance
The Rauser Agency offers Medicare Supplement coverage from multiple insurers and can help you select a plan.
IF YOU ARE GOING TO CONTINUE WORKING
  • If you work for a small employer (under 20 employees), and wish to remain on the group health plan, you are still required to sign up for Medicare Part B. (see below)
  • If you work for a large employer (20 or more employees), and wish to remain on the group health plan, you do NOT need to sign up for Part B yet.
  • If you want to leave the group health plan, or your premiums aren't subsidized by your employer (e.g., you're the owner), you will want to sign up for Medicare Part B and buy a Medicare Supplement.
IF YOU ARE RETIRED, OR ARE ABOUT TO RETIRE
  • You will want to elect Medicare Part B and buy a Medicare Supplement.
TO SIGN UP FOR MEDICARE
  • You will be eligible for Medicare on the 1st of the month in which you turn 65 (turn 65 on March 17th, you are eligible March 1). Call Medicare (1-800-772-1213) 45 to 60 days in advance of your Medicare Eligibility Date.
  • Part A of Medicare is automatic at age 65, and free of charge. You are calling to sign up for Part B.
WHAT WILL THIS COST? *
Medicare Part A: $0.00
Medicare Part D: $43.90 *** 		Medicare Part B: $96.40 **
Medicare Supplement: $138.00 ***
WHAT WILL THIS COVER?
  • With very few exceptions, all of your doctor, clinic and hospital charges at 100%. For most people, your outpatient prescriptions after a copayment, but this plan requires further explanation. For an official reference piece, please see: http://oci.wi.gov/pub_list/pi-002.pdf
WHAT DOCTORS AND HOSPITALS CAN I USE?
  • Any doctor, any hospital, anywhere in the country. Emergency coverage outside the U.S.
WHAT ABOUT SOME PLANS THAT ADVERTISE LITTLE OR NO MONTHLY PREMIUM?
  • Called "Medicare Advantage" plans, they trade monthly premium for co-pays and cost sharing at time of claim. Instead of a fixed monthly premium for a plan that pays (virtually) all claims, you will face hundreds of dollars for outpatient services, and thousands of dollars for a hospitalization under a plan with no premium. The maximum exposure on these plans is far greater than the annual premium under a traditional plan. No premium plans may also come with a limited network of doctors/ hospitals. For these reasons, in most circumstances, we do not recommend these no-premium plans.
WHAT DO I DO NOW?
  • Call Jon Rauser or Chris McArdle at The Rauser Agency. 414-276-2700.
NOTES:
  * as of 6/1/09
  ** individuals with incomes over $82,000 or households over $164,000 will pay more
  *** recommended plans, at age 65. Prices are higher for those starting past age 65.
WHAT ABOUT LONG TERM CARE?
The cost of Long Term Care, at home or in a skilled nursing facility averages $237/ day, something Medicare covers only on a very limited basis. For this reason, we recommend your retirement planning include a review of Long Term Care insurance options. For a proposal, click HERE.
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Wellness
COBRA subsidy NOT extended
The ARRA subsidy for COBRA/ continuation will remain closed for the newly terminated... while those currently receiving the subsidy will receive the promised amount. LINK

While this makes administering your own COBRA/ continuation plan marginally easier, the complexities involved still warrant calling in the professionals. Email Gayle White to get signed up with an administrator that will handle all your COBRA/ continuation needs.

Dependent Coverage
Several carriers will start covering all dependents until age 26, immediately. Watch your mail/ email for notification from your insurance company, or contact Gayle White to find out more about your specific situation.