Gaiser’s Monthly UPDATE
JULY 2017
445 Dolley Madison Rd | Suite 208 | Greensboro, NC 27410 | 336.285.0829
Quote of the Month: “I long, as does every human being, to be at home wherever I find myself.” -Maya Angelou
Quick Tip: Foreign hospitals aren’t required to file Medicare claims. You may need to submit an itemized bill to Medicare for your doctor, inpatient, and ambulance services. Source: www.medicare.gov
Radio Show: Better Living with Bryan Gaiser & Scott Tippett airs every Saturday morning from 8:00am - 9:00am on 94.5 WPTI. Like us on Facebook and follow us on Twitter for up to date news and fun!
Retiree Health Care Coverage Overseas According to AARP, 45% of baby boomers expected to travel internationally in 2016. Overseas travel may be one of the more popular aspirations in retirement, but it does beg an important question: “Will my health insurance coverage travel with me?”
GAISER FINANCIAL GROUP
Continued on back
JULY 2017
MEDICARE COVERAGE OUTSIDE THE U.S. IS LIMITED
Better Living with Bryan Gaiser & Scott Tippett
In most cases, Medicare will not cover costs for health care or supplies obtained outside the U.S. (including its territories), except in three situations: • You are in the U.S. when a medical emergency arises and a foreign hospital is closer than a U.S. one. • You are traveling through Canada on a direct route between Alaska and another state when an emergency arises. • You live in the U.S. and a foreign hospital is closer to your home than a U.S. one, regardless of whether it's an emergency. MEDIGAP COVERAGE MAY TRAVEL WITH YOU
Listen every Saturday from 8am-9am
Go Green with this Newsletter! If you would like to start receiving these monthly newsletters electronically, just give us a call with your email! Note: If we already have your email on file you will no longer receive these monthlies by USPS but rather via your email. If you prefer to receive the paper version please let us know.
Medigap is supplemental insurance sold by private insurance companies to fill in the “gaps” of Medicare coverage. If you own a Medigap policy, plans C through J offer travel emergency coverage. It has a $250 deductible with a $50,000 lifetime maximum. It will pay for 80% of emergency care and applies only during the first 60 days of the trip. NO MEDIGAP? Travelers who do not have Medigap coverage, but have health insurance coverage through private plans such as Medicare Advantage, should check with their plan to determine coverage while traveling. If you do not have coverage when traveling overseas, policies may be purchased that will cover medical expenses incurred outside the U.S., including evacuations.
1. AARP, November 2015 The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG, LLC, is not affiliated with the named broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and materials provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. Copyright 2017 FMG Suite. Investment Advisory Representative of Retirement Wealth Advisors Inc. (RWA), 89 Ionia Ave NW Suite 600, Grand Rapids, MI 49503 (800) 903-2562. Investment Advisory Services are offered through RWA. Stoneridge Insurance Services, LLC dba Gaiser Financial Group and RWA are not affiliated.