Harold Randolph, Medicare Insurance Broker
Harold Randolph
Medicare Broker Licensed in IN, KY, MI and OH
Contact Details
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Location
Charlotte, MI
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Phone
Harold Can Help With:
About Me
Greetings! I'm Harold, a Medicare insurance agent dedicated to serving your local area. Medicare is my area of expertise, and I'm committed to helping you pinpoint the most suitable plan for your individual needs and budget. I'll handle the research and comparison of plans from top national and local companies, so you can relax. Plus, my assistance comes at absolutely no cost to you. Reach out to me today to discuss your Medicare insurance possibilities, and remember to mention you found me through Medicare Agents Hub!
Q&A with Harold Randolph
I'm turning 65 next month; what are the first steps I should take regarding Medicare enrollment?
Answer: First, you should have a broker that can answer your questions and lead you to the right coverage for you.
If you are retiring and collecting Social Security you will need to start your part A and Part B. Once you have these, which is considered Original Medicare, you can start to choose between Part C (Medicare Advantage), or a Medigap. ‘
Are Medicare Advantage plans really "free," or is that just clever marketing?
Answer: They have zero dollar premiums on most. Being free is a matter of perspective. You will still need to understand what your costs are, ie copays, deductibles and Coinsurance. A good broker can help you field these questions at no cost as well.
How does Medigap Plan K compare to Plan G for someone on a tight budget?
Answer: Medigap Plan K may cost half of Plan G but it has a 7K max out of pocket and cover half of what G does. If you’re healthy it’s a calculated risk. If you become not so healthy you may be stuck in a plan that will cost you out of pocket yearly vs having a G plan with about $250 out of pocket yearly.
Let’s discuss.
What's the trade-off between a Medicare Advantage PPO and HMO when it comes to flexibility?
Answer: When it comes to flexibility the trade of is mostly network. In an HMO you have a smaller network but you pay a little less out of pocket. You will usually need a referral to see a specialist.
With a PPO you have a larger network and more option with doctors and networks and you pay a little more out of pocket for the convenience.
Reach out to your broker and get more comprehensive information pertaining to senior healthcare options.
Does Medicare fully cover nursing home care, and are there alternatives?
Answer: Medicare doesn’t cover nursing home care. Medicare does cover the first 20 days of skilled nursing care. Afterwards there is a daily copay for being facilitated. There are options to prepare for the inevitability of needing rehab services.
Reach out to a broker to look at long term care and short term care options while you’re healthy.
Why does Medicare have so many coverage gaps, and is it designed that way on purpose?
Answer: Good Question. The overall cost of healthcare is a staggering number. The coverage gaps are there so that you provide some of the cost share. So the answer is yes.
Part A has a period deductible while Part B has a small annual deductible and an 80/20 coinsurance with unlimited out of pocket maximum.
It can become confusing with all the changes but reaching out and having a Broker can help make sure that feel less of the out of pocket with the right plans and options.
I went to a free Medicare seminar and it felt like a timeshare pitch. Are any of those events actually helpful?
Answer: There are lots of educational events that are helpful! Most are as they give you the basic information for understanding the core elements of Medicare which are Parts A, B and D. I recommend you reach out to me or another broker in your area for a free 1 on 1 sit down. We do a needs analysis and answer all of your questions as to which route of options fit your situation best.
Harold Randolph
269.339.4433
MI, IN, OH, and KY
Can I switch from a Medicare Advantage plan to Original Medicare with a Medigap plan mid-year if I’m diagnosed with a serious illness?
Answer: The short answer is no. Medicare advantage changes are generally only allowed during (AEP) annual enrollment period (Oct 15 - Dec 7). Then you get another chance to make one more change during (OEP) open enrollment period (Jan 1 - Mar 31). Any changes outside these dates need a special enrollment period (SEP) and a diagnosis of an illness isn’t necessarily a reason for one.
Medigaps are underwritten. If you have a serious illness you may not qualify. If you are still in your initial enrollment period (3 months before your birthdate, the month of, and 3 months after) of 7 months.
Harold Randolph
269.339.4433
MI KY IN OH