Kenneth Richter, Medicare Insurance Broker
Kenneth Richter
Affordable Health Plans
Medicare Broker Licensed in FL, DC, DE, MD, SC and VA
21+ Years of Experience
Contact Details
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Location
Port St. Lucie, FL
About Me
Started in 1992, working for a top-producing agency in the Metro DC area.
Led the office for eight of 15 years as the top agent out of 35 agents .
In 2005, I started my own agency, Key Benefit Services
CMS Medicare & ACA Marketplace certified agent
Relocated offices to Florida for year-round sport fishing on weekends
Primary focus is on offering cost-effective Affordable Health Care Solutions in an overpriced market
Directions to My Office
Q&A with Kenneth Richter
Do Medicare advisors work with people that have dementia?
Answer: No unless the beneficiary has a power of attorney. It is possible is the spouse appears to be of sound mind. Then they can assist the spouse to help them make a selection. Yet the beneficiary most be present a d give consent during a telephonic enrollment
Can I get a Medigap plan with Guaranteed Issue if I'm losing my employer coverage?
Answer: Yes,as long as you have not already enrolled in Part B.
Getting part B allows you another IEP event which there is no medical underwriting
Will I be penalized if I do not enroll in Medicare when I turn 65?
Answer: Many Medicare Advantage plans have an emphasis on preventive care.
Diabetic management is part of this expanded coverage over traditional Medicare Part B.
Those with type 2 diabetes may be eligible for a special needs plan called C-SNAP
This policy will provide additional coverage to focus on diabetic management.
How do the Inflation Reduction Act impact Medicare Part D Rx plans in 2025?
Answer: It replaced the larger doughnut hole of $3900 in years past.
Instead of making the beneficiary who had paid shared costs with the plan until they reached $2000.
Then they would fall into the doughnut gap where the beneficiary paid 100% of the Medicare allowable costs until they spent an additional $3900 out of pocket to get to the third level where the medications were paid at 100%
In short, the beneficiary was responsible for $5,900 in out-of-pocket costs before this change.
Starting in 2025 the out-of-pocket costs where satisfied at $2,000 and starting in 2026 this limit will become $2100.
What are the reasons why I should work with a Medicare agent?
Answer: All Medicare Licensed Agents are required to take ten hours per years of intensive educational training often must pass numerous exams during the year to keep up to date on Medicare Products policies and procedures.
The independent agent although represents the carrier, works for the beneficiary.
Where the agent who works for the carrier has the best interest of the employer.
The independent Medicare agent represents many plans to help the consumer to select a plan that their doctor accepts.
A good advisor will typically compare your plan to two others they recommend. This way the beneficiary can choose the plan that best meets their particular needs.