In this newsletter:

• Medicare 101
• National Insurance Awareness Day

• Advance funeral planning
• Understanding enrollment periods

The first step to learning about Medicare is wrapping your mind around its four parts — Part A, Part B, Part C, and Part D. Each part covers different expenses, ranging from hospital and medical insurance to prescription drug coverage. 

Next, you’ll need to decide if you want original Medicare (Parts A and B) or Medicare Advantage (Part C). If you choose original Medicare, you may complement it with a Medicare Supplement insurance policy. Medicare Advantage and Medicare Supplement are more different than they sound, and you should pick the type of policy that makes the most sense for you. Learn the difference. 

If you decide to go with a Medicare Supplement policy, then you choose between the 10 standardized plans. Medicare Supplement insurance plans differ from one another in what costs they help cover, how they are paid for, and who can purchase them.

Finally, if you’re like most people, you’ll also need additional supplemental insurance to protect yourself from out-of-pocket medical costs. But deciding the best plans for your needs can be overwhelming. That’s why we’ve broken down what you need to learn, from deductibles to riders, to help you make an educated decision.

Related articles

Fill Medicare and Medicare Advantage gaps with Hospital Indemnity riders

Medicare and Medicare Advantage cover some expenses associated with a hospital stay, but not all of them. With Hospital Indemnity insurance and its riders, you can supplement these plans and lessen the financial stress. 

6 things you should know about insurance for retirement

Your insurance needs change throughout your life, especially after you retire. With June 28 being National Insurance Awareness Day, it’s the perfect time to brush up on the different types of insurance you may need in retirement. 

What is Short-term Care insurance vs. Short-term health insurance? 

Even though Short-term Care insurance and Short-term health insurance sound similar, they provide coverage for specific needs. Understanding the differences can help you know how they may fit into your current phase of life. 

Why advance funeral planning is important

Protect tomorrow by preplanning today

Even though it’s a difficult subject to discuss, advance funeral planning can alleviate financial and emotional burdens for your family members. 

With Preneed Funeral insurance, you can tell your story the way you want and leave no expenses for the ones you leave behind.  

Helpful resources

Forms to complete when a person dies checklist

Funeral planning

guide

Estate planning guide checklist

Glossary term

Special enrollment periods (SEP)

Special enrollment periods, also known as special election periods, are certain times or circumstances that allow people to amend their Medicare Advantage and Medicare prescription drug coverage plans.  

Understanding Medicare enrollment periods can be tricky. But our Guide to Medicare enrollment periods can help you learn the differences, the special rules, and when to sign up. 

The story behind Wellabe

The name Wellabe comes from the phrase, “We’ll always be.” It’s who we’ve been and who we’ll always be — Wellabe. 

Explore and learn more

Wellabe offers life and supplemental health insurance plans to help you prepare for good days and bad. We'll always be here to empower you to be well – well prepared, well protected, and well loved. If you’d like to speak to an agent to learn more, call 866-739-8143.