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Over 65 Insurance.

As Baby-boomers start to retire, the senior population is expected to grow immensely. The U.S. Census Bureau estimates that “Between 2011 and 2030, the number of elderly will rise from 40.4 million (13% of the population) to 70.3 million (20% of the population).” This expected shift in the population offers a vast opportunity for the Seniormedicare market. DCP Insurance recognizes this opportunity and is taking a proactive approach to meet these changes. Our Senior department is one of our fastest growing markets at DCP Insurance. Our specialists have years of experience with Senior Products and will be able to guide you through the entire process from licensing and appointment to certification, training and sales.

The majority of senior citizens will acquire Medicare as their main source of health coverage upon turning 65. Having just original Medicare (Part A and B) offers only limited coverage and tends to be quite costly for seniors. YOUR BUSINESS NAME offers a variety of plans that offer seniors additional options for more complete coverage. These plans include Traditional Medicare Supplements, Medicare Advantage, and Prescription Drug Plans.

Medicare Supplement Plans

Medicare Supplement Plans, many times referred to as Medigap plans are offered through private insurance companies but are standardized by the Centers for Medicare and Medicaid Services (CMS). These plans help “fill in the gaps” of Original Medicare by helping to pay some of the costs associated with Medicare Part A and B such as coinsurance and deductibles. In some cases they may also cover certain expenses that Medicare would not.

Medicare Advantage Plans

Medicare Advantage Plans, or Part C are also offered and run by private insurance companies. While these plans are approved by CMS they are not standardized so seniors have a variety of options to choose from including PPO, HMO and PFFS plans. In addition to offering coverage at least as good as Original Medicare they often times have added benefits such as wellness programs, vision, dental and hearing exams and drug coverage.

Prescription Drug Plans

Prescription Drug Plans, or Part D offers prescription drug coverage to everyone with Medicare. These plans are also run by private insurance companies and regulated by CMS who has set a standard for the minimum coverage that can be offered. There are a variety of plan designs to choose from that may include copayments, coinsurance and/or a deductible. As with Part B it is important for seniors to enroll in Part D plans as soon as they are eligible to avoid a late enrollment penalty.