Derene Derricotte, Medicare Insurance Broker
Derene Derricotte
The Sosa Insurance Group
Medicare Broker Licensed in CT, DE, NJ, NY and PA
7+ Years of Experience
Contact Details
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Location
South Orange, NJ
Derene Can Help With:
About Me
Hi, I’m Derene Derricotte, a licensed independent Medicare advisor proudly serving individuals and families across New Jersey..
I help individuals and families understand their Medicare options in clear, simple language — so they can feel confident without feeling rushed or pressured.
I work with multiple insurance carriers, which allows me to focus on what’s best for you — including your doctors, prescriptions, and budget.
Whether you’re new to Medicare, reviewing your current plan, or dealing with changes in your healthcare needs, I’m here to guide you every step of the way.
My services are always provided at no cost. I personally respond to all inquiries — no call centers.
Q&A with Derene Derricotte
What shift has been observed in Medicare spending, particularly regarding Medicare Advantage plans?
Answer: In the past, most people received their coverage through Original Medicare.
Today, more than half of Medicare beneficiaries have chosen Medicare Advantage plans instead. Because Medicare pays the company that manages a member’s coverage, a larger share of Medicare’s dollars now goes to the private insurance companies that operate those plans.
This shift has happened mainly because many Medicare Advantage plans offer extra benefits and lower upfront costs, which can be attractive depending on someone’s needs.
What’s most important is not which option is more popular — it’s whether a plan works well with your doctors, medications, and budget.
I've heard that once you're on Medicare, you might not need life insurance as much. Is that true?
Answer: Medicare is a health insurance benefit and life insurance is a death benefit.
Medicare is not a replacement for life insurance. It helps with health care costs: hospital/doctor coverage, and you can add prescription coverage. It does't pay your family a benefit if you pass away. Life insurance protects the people you leave behind when you pass away.
Are there any pointers or suggestions when looking over my ANOC (Annual Notice of Change)?
Answer: Each year review the Summary of Changes by Checking for changes in monthly premiums, deductibles, copays, coinsurance, and your annual maximum out-of-pocket (MOOP). Note that small increases can add up over the year. Also, confirm Your Doctors and Hospitals, and review your Prescription Drug Coverage. Look over your extra benefits and compare to last year. Be aware of your Time to Make Changes, you may review and change plans during the Annual Enrollment Period which is October 15 – December 7. Changes take effect January 1.