Should you enroll in a Medicare Advantage plan or get a Medicare Supplement?
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The first time I met Richard was in 2016, to buy a life insurance policy. He did a good job, so when it came time to enroll my spouse in Medicare, I contacted Richard again. He found a good policy that didn't have a monthly payment. In our conversation, I learned that we both served in the Air Force. Richard told me about the VA and then helped me access my VA medical benefits. He even drove me to the VA hospital so that I could enroll because I had surgery on my eye and couldn't drive. He's not like an insurance agent. He's more like a friend.
-Edward W., Delaware County, PA
My husband is retired and disabled. When I turned 65 I was supposed to get my medicare from his job but I didn't understand the choices or understand what I had to do to get medicare coverage. His company told me that I had to call medicare. I asked Richard if he could be on the phone with me so that he could understand what I needed to do. Richard stayed on the phone with me and medicare for over 45 minutes and asked questions that I didn't know what to ask. He helped me figure out why I wasn't getting medicare benefits from my husband's company and then helped me pick which plan was the best one for me. Since he was honest with me and didn't just care about making a sale, I referred my daughter to him to get life insurance.
-Daisy M, Philadelphia, PA
What's the difference between Medicare Plans?
Medicare Advantage Plans usually don't have a monthly cost but they have co-pays and deductibles that kick in when you use the policy.
Medicare Supplement Plans have a monthly cost but you usually don't have co-pays or deductibles.
Medical Savings Account Medicare are not well known. These usually don't have a monthly cost or co-pays but have very high deductibles that are partially offset by an annual lump sum payment deposited into your bank account that you can use toward the high deductible. If the deductible is met, they usually cover 100% and if you don't use all the money they give you each year, you get to keep it.
Come back with me to 10 years old. My dad says with tears in his eyes, “Grandpa just passed away." It’s a normal thing but such a shock to me that I subconsciously decide, I’m going to discover the meaning of life, and become an overachiever trying to do so.
Fast forward to college graduation. There’s a special announcement: "Dr. Rich Parenti is graduating with Cum Laude Honors today!" It wasn’t printed in the program. People cheer and I stand to take it all in with a big smile thinking, “I’ve got it!” Life is about great accomplishments and big things.
I grow a successful career, live in a big house, and drive expensive cars, but my life is falling apart. Something’s missing. I have four kids and I'm getting divorced for the third time! I lose the money, my home, the cars, and my kids. I’m financially and emotionally broke.
I don’t know what’s wrong with me.
Maybe I need to follow my dreams. I've always wanted to be a teacher and help kids. It’s less money but money doesn’t make you happy.
So, two more years of school and a post-baccalaureate in Education with a teaching license and I'm a High School Science Teacher.
It’s great until that feeling of 'something’s missing' returns. I advance to teach teachers. I become a college instructor, director of Education, college Dean. I make it to the top position, Campus Director. And then I'm fired. Ten more years gone and I still don't understand life any more than when I was ten years old. I believe I’m a failure.
Then I meet Sharon, an owner of a child care center who is surrounded by many people who care about her. Client families love her. Employees stay with her. She has great friends and a close family. How? Because she knows that the meaning of life is found in the relationships we have. All of the things I've ignored, she has nurtured her whole life. As soon as I started paying attention to the people in my life, my life changed like never before. My clients are like family and friends. My family is closer than I ever imagined. And it doesn’t matter what I do for work. That was never the answer.
Now I’m with Sharon. Forever. And she’s my hero!
THIS IS MY JOURNEY TODAY...
I still have an eclectic array of interests, except that in everything I do, my focus is the relationship. In addition to my successful Medicare business, I own a private school with my partner Sharon. We get to teach kids how to have successful relationships and engage them in a powerful academic experience that prepares them for life, not just the next grade or standardized test. And, I'm only months away from publishing an unusual historical, yet untold, true story of how a young girl tragically came to be buried alive in the 1800's. It's a fascinating look at how we all make mistakes and the lessons that we can learn from anything that happens.
1112-28 Chestnut Street, Philadelphia, Pennsylvania 19107, United States
(267) 367-5600 (you can enroll over the phone)
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