Senior Market Life & Health

Medicare Supplements

Medicare Supplements wrap around Medicare to provide the Part A deductible and the other 20% coinsurance that Medicare does not cover. Medicare Supplement plans are federally regulated. So what do you need to know? The plans have identical benefits with all companies but the rates, claims handling, and servicing is what distinguishes one company from another.

If you would like a review of all plans available to you, or a no obligation quote, please contact our office. We have some of the most competitive rates in the state.

Guaranteed Life

Some people think that they no longer qualify for a life insurance policy. That simply is not true. We have a guaranteed issue life product that is great for those who want the coverage but thought they could not get it.

Long Term Care / Home Health Care

Long Term Care is a type of care received when someone needs assistance with daily living due to an accident, illness, or advancing age either at home or in a facility. Long Term Care is the leading cause of financial devastation of assets for people over the age of 65.

We find that many people would prefer to get care in their home. We can help with that as well. We provide Home Health Care policies for people that would rather recover in the comfort of their home. These policies tend to be less expensive than long term care coverage.

There seems to be a common misconception that Medicare is going to cover you in the event that you enter a long term care facility. Medicare only provides coverage for skilled care and you must meet their qualifications to be eligible. Most care that people need is intermediate or custodial care, which is not covered by Medicare. Medicare pays a very small percentage of all the long term care provided in the United States.

We have several companies through which we write long term care policies. We can specifically design a plan to meet your needs and budget. Do not wait until it is too late. Protect your hard earned assets today.

Medicare Advantage Plans

What are they? Are they the right choice for you?

Basics: What are they?
With a Medicare Advantage Plan, every month Medicare pays a set amount of money for your care to a private health plan that manages Medicare coverage for its members. Your planned premium for this coverage is generally much less than a traditional Medicare Supplement, but you’re subject to co-pay amounts.

Types of Medicare Advantage Plans:
There are different types of Medicare Advantage Plans, including:

  • HMO’s – Network of providers. You choose a primary physician and referrals are generally required for specialists. You must also utilize provider services within the network.
  • PPO’s – Network of providers. You choose a primary physician, but referrals are generally not required to see a specialist. However, the specialist must still be part of the network. If you choose to see a provider outside of the network, you may do so, but you will be required to pay a higher co-pay amount.
  • PFFS (Private Fee For Service)No Network of providers. No referrals needed. The provider must agree to accept payment from your plan.

When you utilize the hospitals and doctors visits, each plan’s co-pay will vary. Many of these plans will also have an out-of-pocket maximum that you pay each year, therefore, capping your expense each year. These plans are also guaranteed issue to anyone eligible. (Except if you have end stage renal failure)

Are they right for you?
Medicare Advantage Plans definitely look attractive, but it’s not an easy decision, and there are things you need to be aware of when enrolling in a Medicare Advantage Plan.

If you’re healthy, these plans can probably save you quite a few dollars, but if you utilize Medical Facilities often, they could be more costly than a traditional Medicare Supplement Plan.

If you currently do not have or cannot afford a Medicare Supplement policy then this is a Wonderful Option for you. If you are a Veteran utilizing the VA providers, then, again this is a Wonderful opportunity to add to your present benefits because this plan does not interfere with your VA Benefits at all – it will only enable you to add to your options.

As previuosly indicated, it is not an easy choice. There are a lot of factors to consider. If you have questions or would like someone to explain more to you about the Medicare Advantage program, please call 1-800-642-3490 and ask for Pam or, send us a message.

Annuities

Annuities are a great investment for people who either want to pass their assets along to their loved ones or to provide a steady stream of income for life.  There are several different types of annuity strategies, but the key to finding the appropriate annuity for you, is knowing what you want your money to do for you. If your sole purpose is to pass your money onto your beneficiaries, annuities will avoid probate and be a private transfer of monies.  If you need to supplement your retirement, annuities can provide you a steady stream of income for life.  In many strategies, you can never outlive your money.  Annuities are also a great way to bulk up your investments safely.  As we work with both Fixed Annuities or Fixed Equity Indexed Annuities and you can never lose money. In fact you are guaranteed a minimum interest rate no matter what the market yields!  Please contact our Annuities Specialists to find out what the current annuity rates are. 1-800-642-3490