John Shannon, Medicare Insurance Broker
John Shannon
Lighthouse Financial Solutions, LLC
Medicare Broker Licensed in IA and MO
Contact Details
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Location
Altoona, IA
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Phone
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Website
John Can Help With:
About Me
Hello, I'm John, your neighborhood Medicare insurance advisor. I help people with retirement income planning, Medicare planning, asset/income protection, life insurance planning, and insurance cost-containment.
Cost containment coupled with great value is important to most people and a primary focus for my service for clients. Finding the perfect plan to meet your unique needs is what I do very well. Let me help you save TIME and MONEY and navigate the array of options to help meet your goals. And don't worry, my services are provided free of charge! As an independent broker, I have access to most carriers, with industry experience spanning 20 years. My mission is to help you in any capacity that you need financial planning/insurance services. Call me now for help from a friendly, trusted expert.
Q&A with John Shannon
What's the deal with Medicare covering medical equipment like wheelchairs- do I need a special approval?
Answer: After you meet the Part B deductible, you pay 20% of the Medicare-approved amount (if your supplier accepts assignment). It’s important to ask a supplier if they participate in Medicare or will accept assignment of your claims before you get DME. If a supplier participates in Medicare, they must accept assignment (which means, they can charge you only the coinsurance and Part B deductible for the Medicare approved amount).
A non-participating provider doesn't have to accept assignment, but may choose to do so in your case. If a DME supplier doesn’t participate in Medicare or won't accept assignment, you may be charged more. For rented DME, make sure the supplier is willing to accept assignment for all rental months, otherwise you’ll have to pay the full cost of your DME upfront. If this happens, Medicare will pay you later for the amount it covers after your claims have been submitted and processed by Medicare.
https://www.medicare.gov/coverage/wheelchairs-scooters