Read more about the article The Lesser-Known Features of Long-Term Care Insurance

The Lesser-Known Features of Long-Term Care Insurance

Buyers of long-term care insurance often focus on just the coverage basics, such as the level of daily benefits, the length of coverage, and the conditions under which the policy will pay a claim.   While these basics form the bulk of the policy, long-term care policies offer a host of other options that may prove beneficial to the policyholder.    Let’s take a look at some of these available options:   Survivorship premium waiver – Some policies will provide a waiver of all remaining premiums if both spouses are paying for long-term care policies from the same insurer and…

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Read more about the article Know That Medical Insurance Doesn’t Cover Everything

Know That Medical Insurance Doesn’t Cover Everything

Though it is important to have medical insurance, you should be aware that this insurance does not cover everything. Medicare, though it is helpful, does not provide complete coverage of health care costs like many people assume it does. Finding out that Medicare doesn’t cover everything can be difficult for many Americans who do not have the money saved up to cover medical costs. It is important that you know how much you will end up paying in medical costs so that you can plan early in life and avoid being blindsided when you have to start paying out-of-pocket costs…

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Read more about the article Medicare Offers Weight Loss Program for Eligible Participants

Medicare Offers Weight Loss Program for Eligible Participants

As we have been repeatedly reminded throughout the COVID-19 pandemic we experienced last year, our health is important. As Americans age, managing our health becomes even more important. Healthy choices, like diets and exercise routines, are easy to ignore after retirement. People often eat less or eat fewer nutrient-packed foods after they retire.   Making healthy choices can be a struggle for everyone. But for someone who is not as active as they were when they were working, it can be particularly difficult. An increase in the number of expanding waistlines have caused health insurance companies and health across the…

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Read more about the article Want to be Prepared for Retirement? Work With a Professional

Want to be Prepared for Retirement? Work With a Professional

Did you know that people who use financial advisors are more likely to feel confident in their retirement preparedness than people who don’t? Well, according to a recent report from the LIMRA Secure Retirement Institute, it’s true. Reportedly, out of the pre-retirees surveyed by the LIMRA Secure Retirement Institute, 43% of those who work with an advisor claimed to feel well prepared for retirement. In contrast, only 21% of those who do not work with a financial advisor report feeling similarly confident. It Helps to Have a Plan Additionally, the survey found that having a formal, written retirement plan is…

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Read more about the article Simple Tips for Seniors to Avoid Medicare Fraud

Simple Tips for Seniors to Avoid Medicare Fraud

Experts estimate that about $60 billion is lost annually due to Medicare fraud.  Consumers do not have to be Medicare beneficiaries to be affected by the high cost of fraud. Costs are passed down to all Americans in the form of increased insurance premiums, higher medical care outlays and inflated price tags on medical equipment.  Since Medicare fraud can affect any senior, it is beneficial to be proactive about preventing it. If any questions arise, you can call us to discuss a concern you may have about a potential fraud or scam. We may be able to refer policyholders to…

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Read more about the article The 10 Most Expensive Prescription Drugs

The 10 Most Expensive Prescription Drugs

Some people spend thousands of dollars a year on medications, and thanks to their insurance they may not have to pay full price for the pharmaceuticals their doctors prescribe. But there is a growing body of drugs that are breaking the bank for insurers and the people who need them. New, innovative medicines that drug companies make using cutting-edge technology and science, can come with hefty price tags. GoodRx.com, a website that provides coupons for purchasing prescription drugs, has published a list of the 10 most expensive drugs in the U.S. The list includes those that are available at pharmacies…

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Read more about the article CMS Approves Medicare Coverage of ‘Breakthrough’ Medical Devices

CMS Approves Medicare Coverage of ‘Breakthrough’ Medical Devices

The Centers for Medicare and Medicaid Services has issued new rules that require Medicare to cover medical devices that the Food and Drug Administration designates as "breakthrough" technology.  The rule paves the way for giving Medicare recipients access to the latest technologies four years after they receive market approval by the FDA. The move should greatly speed up the time by which these new devices are covered by Medicare, the approval process of which can be extremely slow. Under the final rule, the CMS will use the data for these devices during the four years after the FDA approves them,…

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Read more about the article Why Everyone Needs Life Insurance

Why Everyone Needs Life Insurance

People who are considering life insurance usually debate whether they need it or not. If anyone will suffer financially after a person's death, that person should have life insurance. This death benefit is meant to help surviving family members or dependents cope with the financial difficulties of losing the deceased's income and paying for final expenses. Life insurance isn't subject to federal income tax. In order to determine how much life coverage to buy, it's important to consider what surviving loved ones would need if death occurred suddenly.  Be sure to consider monthly living expenses, debts and final expenses when…

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