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Experienced Medicare Insurance Advisors in Richmond, VA
Are you searching for medicare insurance advisors in Richmond, VA? At Boomer Insurance Group, we have over a decade of experience serving the Richmond Virginia Metropolitan region with Medicare guidance. Medicare is complex, and we understand the importance of understanding your plan. We strive to make it easier to understand so that you can make the right decision. Our Medicare Insurance Advisors can help with Medicare Advantage, Supplemental Plans, and more. Contact our team of Medicare insurance advisors if you have any questions about the different Medicare plans. Below, we break down information about Medicare Supplement and Medicare Advantage plans.
Medicare Supplement plans
A Virginia Medicare Supplement plan fills in the gaps for what Medicare does not cover. Some Medicare Supplement plans in Virginia offer additional insurance coverage that Original Medicare does not, such as dental, vision, or hearing services. At Boomer Insurance Group Agency Inc., we discuss all of your options, so you understand the different plans and what will be covered.
Medicare Advantage plans
A Medicare Advantage Plan is an insurance plan offered through a private company with an annual contract with Medicare. You are provided with all Part A and B benefits, on top of some additional services that are not paid for under Original Medicare. These include limited vision, hearing, and dental services. Our insurance advisors can go over every aspect of Medicare Advantage plans.
IRMAA Life Event Form
First, you need to obtain and fill out a life-change event form so that you can notify the Social Security Administration of this event.
A copy of the page in the letter that you received from the Social Security Administration
Next, you need to obtain the page describing the year and income that the Social Security Administration is trying to penalize you for to raise your Medicare rates. Make a copy of that one page that shows the income you made in 2018; then, you can package that copy with the other items.
Estimated current year income
Moving forward, you need to write down your estimated income for 2020. You can type this up and incorporate you and your spouse's expected income. Income includes Social Security income, interests on savings, 401K, and more. At the bottom of the page, add the total income for you and your spouse. Highlight it with large font, so it is clear to the Social Security Administration.
Proof of life-event
Lastly, you need proof from your employer or another party that you have experienced a life-changing event that has had an impact on your income. Whether that comes in the form of a letter, an email, or another type of communication, it's necessary.