Before they turn 65, or before they go on Medicare, many people have a health insurance plan that requires them to pay a coinsurance, which is usually a percentage of the service fee after the deductible has been paid. With such plans, there's an annual out-of-pocket maximum that the insured must pay before the insurance company will start paying for 100% of the covered claims for the year in question.
With Medicare, however, there is no out-of-pocket maximum. The Original Medicare Plan covers only 80% of your health care costs, so the remaining 20% that you must pay on your own can add up over time and place you in a financially vulnerable position. Investing in a Medicare supplemental insurance policy solves this problem by covering out-of-pocket costs that aren't paid by Medicare, such as copayments and deductibles.
"Carmelo DeFranco and the team at NYC Business Group have been my trusted advisors for Medicare for years. Their genuine care and guidance remind me of the support you'd get from a close family member."
"NYC Business Group has consistently provided my company with competitive insurance options. Their team is attentive and responsive whenever we have inquiries or need assistance."
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