Insurance

Insurance

7 Things You Should Know About Health Savings Account Plans

Health savings accounts (HSAs) are wildly popular. Since their introduction in 2004, approximately 2.5 million Americans have enrolled in these so-called consumer-driven health plans. But, alas, HSA plans are not for everyone. Here are some pointers to help you consider whether an HSA will benefit you and your family.  Read more...

How to Buy a Medicare Plan

Did you ever think turning 65 would be such a difficult thing when it came to your health care needs?

Well, I am here to tell you that it doesn't have to be stressful at all. Here are a few simple steps to get you through the process with minimal angst.

First off, do not think you can decipher the Medicare process by searching on the internet, you will only become more confused. You really need to sit down with a Senior Market Specialist who has been trained in this field and guide you along the way. All insurance agents can "sell" Medicare plans, only a Senior Market Specialist has had additional training in the market for which you are shopping.  Read more...
 

The Medicare Part D Drug Program: Making the Most of the Benefit

What is the Medicare Part D Drug Benefit? How does it work? Am I eligible? How can I apply? The only book of its kind, this practical guidebook offers the answers to these questions and much more!

Whether you're a senior, caregiver, or practicing healthcare professional, The Medicare Part D Drug Program: Making the Most of the Benefit clearly and concisely explains how the Medicare Part D Drug Benefit works, where to obtain clarification and further information about the Program, how and when to apply, and how to use the Benefit to help seniors.  Read more...

Medicare Overview

Medicare covers many of your health care needs. Today’s Medicare is working with private companies approved by Medicare that provide different ways to get your health care and prescription drug coverage in the Medicare Program. The Medicare plan that you choose affects many things like cost, benefits, doctor choice, convenience, and quality. Your Medicare plan choices include:  Read more...
 

Americans Shocked to Learn that Medicare Does Not Pay for All Healthcare Expenses

By Pamela Dombrowski-Wilson

Forty percent of Americans believe that Medicare pays for all healthcare needs after age 65. The majority of older adults are unprepared and shocked to learn they have to pay out of pocket for expenses they believed to be reimbursed by Medicare insurance.

Getting older and having healthcare issues can be financially and personally disastrous especially for those who are unprepared. What happens when your expenses for maintaining your home and your healthcare expenses exceed your income? What happens when you require a lengthy stay in a skilled nursing facility and have to pay $128 per day out of pocket? Just when you thought things could not possibly get worse, the costs start adding up quickly. If you have not saved properly you may have to re-mortgage or sell your home to pay healthcare bills. If you are single or widowed and lack a support system, the stress of the situation can wreak havoc with your life and your health. Read more...

Buying Long Term Care Insurance

There was a time when buying long term care insurance was fairly easy and pretty cut and dry. Times have changed for this particular type of insurance and anyone considering buying it would do well to spend some time investigating carriers and coverage levels as well as premiums.

Generally speaking, the cost for a nursing home resident today is about $71,000 annually, which works out to around $200 a day. The cost for non-resident, assisted living comes in at around $32,000 a year, or $88 dollars a day. In both cases, that is a lot of money over the course of time.   Read more...

J.K. Lasser's Choosing the Right Long-Term Care Insurance

A PRACTICAL GUIDE TO THE COMPLICATED ISSUE OF LONG-TERM CARE INSURANCE

"Next to buying the right long-term care insurance, buying and reading J.K. Lasser’s Choosing the Right Long-Term Care Insurance is the best investment seniors and their families can make to help insure independence and dignity in their golden years."
–Scott Harshbarger, President and CEO, Common Cause  Read more...