Mark Cunningham, Medicare Insurance Agent
Mark Cunningham
Loveland Insurance Agency
Medicare Agent Licensed in CO, FL, NE and WY
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Loveland, CO
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About Me
As a licensed Insurance Agent Offering Medicare plans, I am dedicated to helping individuals navigate the complexities of healthcare coverage to ensure they receive the best possible care tailored to their needs.
I am also a Registered Social Security Analyst. This designation allows me to provide expert advice on social security benefits, an area that can be particularly confusing for many people approaching retirement. As an RSSA, I help clients understand their social security options, maximize their benefits, and plan for a secure financial future.
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Q&A with Mark Cunningham
What's one piece of advice you wish every senior knew before picking a Medicare plan?
Answer: Seniors that are turning 65 need to be aware they should apply for Medicare 3 months before their 65th birthday. If they are still working, and have credible insurance coverage, they should only sign up for Medicare Part A. Part A does not have a monthly premium and this way they will not incur any enrollment penalties, for Part A, in the future. Once they are ready to retire they can add Part B to their Medicare card, which does have a monthly premium. Currently Part B, for 2025, is $185 per month and could be more depending on the earnings of the person applying for Part B.
I just enrolled in Medicare, and I've got my Part A and B, but I'm hearing there are gaps in coverage. What are these gaps exactly?
Answer: The gaps come from Cost Share for Part A, Deductible of $257 and co insurance of 80/20% for Part B. In Part B you are responsible for 20% of the cost which is open ended. This means there is no maximum out of pocket. An example is a $60,000 hospital bill. You would be responsible for 20% or $12,000 of this cost. Provided everything billed is an accepted Medicare expense. I would be happy to go into this in more detail, please call me for further information.