Todd Johanson is an agent at Alliance Insurance Brokerage. In this Q5, he talks about helping people with their transitions to Medicare.

Todd Johanson is an agent at Alliance Insurance Brokerage. In this Q5, he talks about helping people with their transitions to Medicare.

1. Todd, how long have you been with Alliance Insurance Brokerage and what are the services the company offers?
I’ve been with Alliance Insurance brokerage for over 20 years. We offer all lines of life and health insurance as well as retirement planning, 401k rollovers and long-term care solutions.
 
2. With so many Baby Boomers hitting retirement age do you have a lot of people contacting you for advice on supplemental policies for Medicare?
Yes we meet with a lot of Baby Boomers to simplify the transition to Medicare. It can be very confusing with all the advertising they receive.
Our job is to educate them on the different programs and let them choose how they want to be covered.
We offer the majority of  companies that do Medicare supplements, Medicare Advantage and prescription plans. One company doesn’t fit everyone’s needs. You must have options.
 
3. What sort of information do you gather at your free, personalized consultations in order to pair people with an affordable and inclusive policy that will meet all their needs?
The questions can be very basic or as in-depth as a person would like.
The consultation can be purely educational so they can get an understanding of how everything works or we can get into specifics of their situation.  
Preferred doctors/hospital names, Rx list, Medicare card are helpful for an in-depth consultation but not mandatory.
 
4. What do Medicare Part A and Part B cover and how vulnerable are people who don’t add a supplemental policy for out-of-pocket and large deductible expenses?
Part A is hospital-deductibles that vary depending on length of stay and type of care needed. Part B helps cover medically necessary services and supplies. There is definitely out-of-pocket exposure without some sort of supplemental coverage.  On Part B the 20 percent coinsurance can be quite costly on some procedures. This is something we go over in all consultations.
 
5. With the changes in health care that may be ahead, what’s your advice for people who don’t believe a supplemental insurance policy is necessary? How can people contact you for more information?
My advice is to take advantage of open enrollment periods and enroll in some type of coverage.
Many times we see someone who doesn’t sign up then develops a health condition and can’t get the coverage they want or have to wait until open enrollment.
They also have to figure in potential penalties for late enrollment.
In today’s market there are many options to choose from on any budget.
I can be reached by calling 913-322-4555.

— Rimsie McConiga