Resources & FAQ

Answers to Your Insurance Questions

Understanding your coverage options shouldn't be complicated. We've put together the most common questions and key resources to help you make confident decisions.

Frequently Asked Questions

Common Questions, Clear Answers

Plan Comparison

Medicare Plan Types at a Glance

Each Medicare option works differently. Here's a quick overview to help you understand your choices. For more information about your plan options, checkout the Learning Center where you can read more articles and get quotes.

Want to explore plans side by side? Visit the Learning Center

Original Medicare (Parts A & B)

Government-run coverage for hospital (Part A) and medical (Part B) services. You can see any provider that accepts Medicare nationwide.

Advantages

  • Nationwide provider access
  • No referrals needed
  • Predictable structure

Considerations

  • No out-of-pocket maximum
  • No prescription drug coverage
  • Gaps require supplemental coverage

Medicare Supplement (Medigap)

Works alongside Original Medicare to cover cost-sharing gaps like deductibles, copays, and coinsurance. Sold by private insurers.

Advantages

  • Predictable costs
  • No network restrictions
  • Covers most out-of-pocket gaps

Considerations

  • Separate Part D plan needed
  • Monthly premium in addition to Part B
  • Medical underwriting may apply outside open enrollment

Medicare Advantage (Part C)

An all-in-one alternative to Original Medicare offered by private insurers. Often includes Part D, dental, vision, and hearing benefits.

Advantages

  • May have lower monthly premiums
  • Includes extra benefits
  • Out-of-pocket maximum protection

Considerations

  • Network restrictions may apply
  • Prior authorizations often required
  • Plan availability varies by location

Part D Prescription Drug Plans

Standalone drug coverage that works with Original Medicare or Medigap. Each plan has its own formulary (list of covered drugs).

Advantages

  • Covers prescription costs
  • Protects against high drug costs
  • Available in most areas

Considerations

  • Formularies vary by plan
  • Late enrollment penalty if delayed
  • Coverage gap (donut hole) may apply

Medicare Enrollment

When Can You Enroll?

Missing an enrollment window can mean gaps in coverage or late penalties. Here are the key periods to know.

7 months

Initial Enrollment Period (IEP)

Begins 3 months before your 65th birthday month, includes your birthday month, and ends 3 months after. This is your first opportunity to enroll in Medicare Parts A and B.

Enrolling in the first 3 months avoids delayed coverage start dates.

Oct 15 – Dec 7

Annual Enrollment Period (AEP)

Also called Open Enrollment. You can switch Medicare Advantage plans, change Part D drug plans, or move between Original Medicare and Medicare Advantage. Changes take effect January 1.

Review your plan every year — formularies and premiums change annually.

Jan 1 – Mar 31

Medicare Advantage Open Enrollment (OEP)

If you're already enrolled in a Medicare Advantage plan, you can switch to a different MA plan or return to Original Medicare (and join a Part D plan).

You can only make one change during this period.

Varies by qualifying event

Special Enrollment Period (SEP)

Triggered by life events such as losing employer coverage, moving out of your plan's service area, qualifying for Medicaid, or other qualifying circumstances.

Contact us right away when a qualifying event occurs — SEP windows are time-sensitive.

Still Have Questions?

We're happy to walk you through anything — no pressure, no jargon. Just honest guidance from someone who's in your corner.

LDM Insurance Services

Your trusted guide through insurance and financial services. We're in your corner — every step of the way.

Our Services

  • Claims Assistance
  • Critical Illness
  • Dental, Vision, Hearing
  • Hospital Indemnity
  • Individual HRA, HSA Plans
  • Life Insurance
  • Long-Term, Short-Term Care
  • Medicare HMO, PPO, PFFS, PDP
  • Medicare Supplement Plans
  • Retirement Benefits
  • Small Business Solutions

Contact Us

Our agents represent Medicare Supplement, Medicare Advantage HMO, PPO, PFFS, and Prescription Drug Plan organizations that have a Medicare contract and/or a Medicare-approved Part D sponsor. Enrollment depends on the plan's contract renewal. Enrollment in a plan may be limited to certain times of the year unless you qualify for a Special Enrollment Period or you are in your Medicare Initial Enrollment Period. Not all plans offer all of these benefits. Benefits may vary by carrier and location. Limitations and exclusions may apply. Every year, Medicare evaluates plans based on a 5-star rating system.

We are not connected with or endorsed by the United States Government or the federal Medicare program.

We do not offer every plan available in your area. Currently we represent 0–15 organizations which offer 0–79 products in your area. The number of plans available in your area may vary depending on the state and geographical location where you live. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov, 1-800-MEDICARE, or your local State Health Insurance Program (SHIP) to get information on all of your options.

The exact carrier and plan counts are determined by your zip code and county.

To send a complaint to Medicare, call 1-800-MEDICARE (TTY users should call 1-877-486-2048), 24 hours a day/7 days a week). If your complaint involves a broker or agent, be sure to include the name of the person when filing your grievance. If you are already a member, please contact your health plan to file a complaint.

Final expense life insurance may not cover the entire cost of your funeral and may be used by the designated beneficiary for any purpose rather than being limited to specific funeral services and providers. Final expense life policies will have a lower face value than most traditional term or whole life policies as they are intended for a specific purpose of covering those final costs rather than providing comprehensive support for surviving family members. This type of policy generally doesn't require a medical exam, but premiums will be higher the older you are, and some benefit payouts may be limited during the first few years of coverage for those with significant health issues. Reducing or skipping premium payments will impact the amount of interest paid and may impact how long the policy lasts. Accessing the cash value of a policy will reduce the available cash surrender value and the death benefit. A policy owner does not have the ability to make unlimited payments into the policy. If too much is paid into the policy, it will become a Modified Endowment Contract (MEC) and withdrawals and loans will be taxable. Coverage may not be available in all states and may vary by state. Policy guarantees are based upon the claims-paying ability of the issuing life insurance company.

An annuity is an insurance contract between an insurance company and a contract owner. An annuity can be used to help save for supplemental income for retirement and/or preserve funds already saved for retirement. Interest and other guarantees in an annuity are subject to the claims-paying ability and financial strength of the insurance company that issues the product. Annuities are long-term vehicles. Many have surrender charges over many years, and withdrawals from an annuity prior to age 59 ½ may be subject to a 10% tax penalty. The growth in an annuity is tax-deferred, but taxes will be owed on withdrawals. Any withdrawal will reduce your annuity insurance contract value. Consult your annuity insurance contract for specific terms and conditions. Insurance agents do not provide, tax, legal or accounting advice.

Multi-year guaranteed annuities (MYGAs) are a type of fixed annuity with a guaranteed interest rate that typically lasts for multiple years. Fixed Indexed Annuities (FIAs) do not involve investments in an index. The index performance used to calculate credited interest typically does not include dividends. Some FIAs involve the use of multiple indexes. Methodologies for crediting interest differ among FIA products (e.g., point to point, high water mark, annual resets, single year, multi-year, etc.). Interest crediting methodologies may include caps, participation rates, spreads, margins, or fees that may change from time to time depending on the product.

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