we shop medicare insurance for you!
Medicare insurance &
ancillary plans in one convenient location
It is not uncommon to walk out of a 101 class feeling like Medicare is still a fog. Learn Medicare at your own pace, at your own convenience, and at no cost to you! Get on-going support as needed.
Insurance Broker Services in Peoria, IL provides a simplified Medicare education approach, focusing on clarity in plan structure and coverage details. From Medicare plans to supplemental and ancillary products, you will easily see how each option plays a specific role in managing healthcare expenses and ensuring access to necessary services.
Need to choose a plan, change a plan, get enrolled into a plan? Your own personal broker is always a phone call, text message, or email away
managing your medicare insurance coverage
Medicare is a central component of health insurance for many, including those age 65 and older. While Original Medicare provides foundational coverage, it does not cover all healthcare costs. Additional plans are often used to address deductibles, copayments, and services not included under standard coverage.
Understanding how these layers interact is essential when evaluating coverage options. Without proper coordination, you may experience gaps that result in higher medical expenses or limited access to certain services.
IBS in Peoria, IL partner's with select Medicare insurance providers to present available coverage options based on individual circumstances across the state. This approach allows for comparison across different plans, and evaluating and monitoring how coverage structures align with your healthcare needs and financial considerations, here in one convenient location.
available Medicare insurance products
Note: You are eligible for Medicare if you are a U.S. citizen or a permanent legal resident of at least five consecutive years, turning 65, have End-Stage Renal Disease (ESRD), have ALS (LOU Gehrig's Disease, or have received Social Security Disability (SSDI) or Railroad Retirement Board (RTB) Insurance for 24 months.
Medicare Supplement Plans
Medicare Supplement insurance, also known as Medigap, is designed to cover out-of-pocket costs that Original Medicare does not fully pay. This includes expenses such as copayments, coinsurance, and deductibles. These plans are offered by private insurance companies and are used to reduce the financial exposure associated with medical services.
Medicare Supplement/Medigap insurance is designed to supplement Original Medicare (Part A and Part B) and require's a monthly plan premium.
You will need to purchase prescription drug, dental, vision, and hearing plans seperately.
Medicare Advantage Plans
Medicare Advantage (Part C) plans are offered by approved private companies and must cover all Original Medicare Benefits, including Part A (hospital coverage) and Part B (medical coverage). They also frequently bundle extra perks like prescription drugs, vision, dental, or wellness programs, though rules and provider networks vary by plan.
Medicare Advantage Special Needs Plans (SNP)
A special needs plan (SNP) provides benefits and services to people with severe and disabling chronic conditions and/or certain health care needs, who also have Medicaid, or who are institutionalized.
SNPs are either HMO or PPO plan types, and cover the same Medicare Part A and Part B benefits that all Medicare Advantage Plans cover.
SNPs might also cover extra services through a Healty Options Allowance (HOA) program for the special groups they serve. Such allowances assist with speicfic medical equipment, specialized hospital stays, over-the-counter products, healthy food, rent, utilities, and more for qualifying members.
Prescription Drug Plans (Part D)
Prescription drug plans help cover the cost of medications, including both brand-name and generic drugs. These plans can be purchased as stand-alone coverage or included within a Medicare Advantage plan.
You must be eligible for Part A (hospital coverage) or be enrolled in Part B (medical coverage) to enroll in a Medicare Prescription Drug Plan (PDP).
It is important to note that Part D plans are structured specifically for outpatient prescription medications, while certain drug treatments administered in clinical settings are covered under other parts of Medicare.
available medicare ancillary products
In addition to primary Medicare plans, supplemental policies can be used to address specific gaps in healthcare needs. These policies are designed to provide targeted coverage for services that may otherwise result in significant out-of-pocket costs.
Dental and Vision Coverage
Dental insurance typically focuses on preventive and restorative care, including routine exams, procedures, and more advanced treatments. Vision coverage is structured to assist with eye exams, corrective lenses, and other vision-related services. These plans may be purchased independently or included within broader insurance packages like a Medicare Advantage plan.
Hospital Indemnity and Reimbursement Plans
Hospital indemnity plans provide a fixed cash benefit for each day spent in the hospital, regardless of the total cost of care. This benefit can be used to cover expenses such as deductibles, copayments, or even non-medical costs associated with hospitalization.
Hospital reimbursement plans operate differently by covering actual medical expenses incurred during a hospital stay. These plans are designed to reimburse providers or facilities for eligible costs, helping to reduce financial strain during extended or unexpected hospitalizations.
Cancer Insurance
Cancer insurance provides a lump-sum or direct cash benefit upon diagnosis. This coverage is often used to offset costs that extend beyond medical treatment, including travel, housing during treatment, or loss of income. It is structured to provide financial support during a period when expenses can increase significantly.
Mobility Devices, Health Checks, Boarding, Medical Access, Travel Insurance,
Cabin Assignments, Itineraries
Long-Term Care & Extended Coverage Planning
Long-term care is an important consideration within the broader scope of health insurance and premiums are based on your current age. Furthermore, standard health insurance and Medicare typically do not cover extended care needs such as assisted living, nursing facility care, or in-home support over long periods.
Long-term care coverage can be obtained through individual policies, employer-sponsored plans, or hybrid products that combine long-term care benefits with life insurance or annuities. These options are designed to address care needs that arise from chronic illness, injury, or aging, and they play a role in long-term financial planning.
Understanding how long-term care fits into overall health coverage allows you to plan early for future healthcare needs that extend beyond traditional medical services.
