Hey advisors! Boomer ran into a case this week with a 70 year old that finds herself in a skilled nursing facility. She’s on Medicare and has a Medicare supplement via her employer. All good – except that the supplement happens to be a Plan B. As in outdated, archaic, and has gaping coverage holes related to —- skilled nursing. Of course it does.
So, after Medicare paid the first twenty days, she is now responsible for her co-pay of $167.50 per day going forward.
Oh, she’s expected to be in the facility until November. Yes, that’s a big bill.
Please, please, please ask your clients to review their coverage with a qualified Medicare advisor. If that’s us? That’s great. If not? That’s great.
Protect your client, protect their assets, protect your reputation with them 🙂