Frank Souk, Medicare Insurance Agent
Frank Souk
Medicare Agent Licensed in WI, AL, AR, AZ, CA, CO, CT, DE, FL, GA, HI, IA, IL, IN, KS, KY, LA, MD, MI, MN, MO, MS, NC, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, WA, WV and WY
Contact Details
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Location
Brookfield, WI
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Phone
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Website
About Me
Thank you for offering to help navigate the world of Medicare. It's an important and often complex topic for many people, especially those approaching retirement age. I'm here to provide information and answer any questions you or others may have about Medicare.
If you have specific questions or if you'd like me to provide information and guidance on Medicare plans and options, I can assist in providing information or clarification where needed.
Directions to My Office
Q&A with Frank Souk
What is the biggest mistake seniors make when enrolling in Medicare?
Answer: The mistake that we see most often is not being fully aware of all the options that are available to them. There are many options available to folks enrolling in Medicare, and it is important to discuss and assess there options so that there needs are addressed, and that their coverage compliments their lifestyle.
What is one of the the most common misconceptions people have about Medicare?
Answer: One of the most common misconceptions people have about Medicare is that Medicare covers all healthcare costs. While it does cover many costs, it is important to understand what costs are covered, and what are not. Another common misconception is that you must enroll in Medicare when you turn 65. This is not true, and individuals can enroll in Medicare past 65 assuming they have a valid election period to do so.
What’s the best way for seniors to protect themselves from Medicare-related scams?
Answer: Be careful when fielding phone calls from individuals trying to gather sensitive information form you such as your Medicare Number and Social Security number.
Why am I paying more for Medicare Part B and D than my friends? What is IRMAA and how is it calculated?
Answer: IIRMA is an acronym for Income-Related Monthly Adjustment Amount. Individuals with certain income thresholds can be subject to increased Part B and Part D premiums. It is important to remember that your Medicare Part B and Part D premiums are calculated based off your Modified Adjusted Gross Income from 2 years prior.
Will I be penalized if I do not enroll in Medicare when I turn 65?
Answer: As long as you have insurance coverage deemed creditable by Medicare, you can delay your Medicare enrollment past 65 without a penalty.
Can I change my Supplemental/Medigap plan at any time?
Answer: You can change at any time of the year, however, you will be subject to Medical underwriting when changing from one Supplemental/Medigap plan to another unless you are eligible for a Guaranteed Issue enrollment.
Do I have to answer health questions when switching from one Supplemental/Medigap plan to another?
Answer: Yes you do. The only time medical underwriting is not required is when an individual is afforded Guaranteed Issue rights.
What benefits are there to working with a Medicare Agent near me vs remote/virtual?
Answer: Working with an agent that is local can often prove to be very helpful, as that agent often times has a great lay of the land regarding Hospital Networks, DME locations, and Network Providers.