Edward Smith, ChFC, CRPS, AIF, Medicare Insurance Broker
Edward Smith, ChFC, CRPS, AIF
Edward Smith Insurance
Medicare Broker Licensed in OH, GA, IN, KY and SC
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West Chester, OH
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About Me
Hi, my name is Edward, and I am your local Medicare advisor and agent. I have been an insurance agent for 33 years. I specialize in Medicare and am devoted to helping you find the best plan that matches your specific needs and financial situation. I will take care of the daunting task of comparing plans from well-known national and local companies for you. Even better, my services are completely free! Contact me today at 513-774-9125 to explore your Medicare options and be sure to mention that you found me on Medicare Agents Hub!
Articles by Edward Smith, ChFC, CRPS, AIF
Q&A with Edward Smith, ChFC, CRPS, AIF
What do you enjoy most about working with Medicare clients?
Answer: I just love seeing them have that ah ha moment. It makes me feel good knowing that they have peace of mind because of something I have had a small part in.
Can you describe a time when you helped a client navigate a complex Medicare issue?
Answer: I was able to explain to a person who wanted to enroll into a Medicare Advantage plan, that since he had very expensive infusions every 3 months, he would max out his out-of-pocket expenses with the MAPD plan due to the infusions being given in the medical facility. They would have been covered under Part B (20% co-insurance). Instead, I enrolled him in a Medicare supplement that covers all part B except the small part B deductible each year. It has saved him approximately $5,000 every year.
Why is the new $2,000 out-of-pocket maximum for drug costs important?
Answer: Because there are many seniors that have extremely high-cost drugs. The lower out of pocket maximum could very well be the difference in life or death for some people.
What are some ways to ensure your parents feel supported during the Medicare decision-making process?
Answer: Being involved in the decision-making process. Offering support but giving them the power to decide.
Is Medicare Part A enough for hospital coverage?
Answer: Not necessarily. It covers a large percentage (80%) of covered expenses but the 20% the Medicare beneficiary is responsible for has not cap and medical expenses can add up quickley.
What’s the financial risk of sticking with Original Medicare without a Medigap plan?
Answer: There are several things to consider. #1 You could be opening yourself up to multiple deductibles due to the fact that a new Part A deductible could be assessed each benefit period (60) days. #2 there is no maximum out of pocket expense on the 20% you would be responsible for. Original Medicare only covers 80%, you are responsible for the 20% with no cap, each and every year.