Medicare Supplement Changes In 2020
Blog
As part of the Medicare Access and CHIP Reauthorization Act of 2016, supplemental plans that cover the Part B deductible will no longer be for sale in 2020. This legislation means that Plan F, Plan C and High Deductible Plan F will no longer be fore offered to those who are new to Medicare in […]
January 8, 2016
Category: Medicare Supplements
Understanding Qualifying Life Events
Blog
If you would like to purchase health insurance outside of the yearly Open Enrollment window, then you will need a qualifying life event (QLE) to do so. Open Enrollment begins on November 15th and lasts through February 15th each year. Without such an event, insurance companies will turn down your application. How Do Qualifying Life […]
August 6, 2015
Category: Health Care Reform, Health Insurance
Medicare & COBRA Insurance Plans
Blog
If you are over 65 and leaving your group health insurance, you’ll need to plan carefully when considering COBRA as your semi-permanent insurance. If you do not enroll in Medicare Part B upon separation from employment, you can face late enrollment penalties including fines and delays. Unfortunately, the transition from group health insurance to Medicare – and the […]
July 14, 2015
Category: Medicare Supplements, Retirement Planning
Limited Underwriting Medicare Supplements
Blog
If you’ve ever been declined a Medicare supplement insurance plan due to medical underwriting, then you know the frustration. Some carriers are more stringent than others and the slightest health issue can be grounds for denial. And in most states, you have only one or two chances to choose a supplement without the need for medical […]
June 3, 2015
Category: Medicare Supplements
Qualified Longevity Annuity Contracts
Blog
Qualified longevity annuity contracts (QLACs) are popular retirement vehicles for those who want to create a deferred income stream later in life using pre-tax, qualified dollars. Longevity contracts were approved by the IRS in June of 2014 and offer very attractive tax reduction strategies. Many institutions offer these plans, but products like annuities from insurance [...]
May 27, 2015
Category: Annuities, Articles, Retirement Planning
Mutual of Omaha Medicare Supplements
Blog
Mutual of Omaha has many offerings, but they may be best known for their Medicare supplement insurance plans. Their policies are competitively priced across the U.S. and rate increases with their Medigap coverage has been trending lower the last few years. A.M. Best rates them A+ due to their large base of policy holders, cash reserves [...]
April 17, 2015
Category: Medicare Supplements
What Is A Medicare Advantage Plan?
Blog
When you’re new to Medicare, there are decisions to make. Most of our clients compare traditional supplements (Plans, F, G, N, etc.) to Advantage plans, but inevitably the questions arises, ‘What is a Medicare Advantage (MA) plan?’ Through the years, we have found there’s a lot confusion about Advantage plans. They are different from supplements – and […]
March 19, 2015
Category: Medicare Advantage
Medicare Supplement Insurance – FAQ’s Part II
Blog
Welcome to Part II of our two-part series regarding the most frequently asked questions our agency encounters about Medicare Supplement insurance policies. In this installment, we discuss the nuances of these plans including: rates, underwriting, making changes and the agent's role. Click Here To Read Part I Med Supp FAQs → Learning About Medicare Supplement Rates & [...]
February 3, 2015
Category: Medicare Advantage, Medicare Supplements
Medicare Supplement Insurance – Frequently Asked Questions Part I
Blog
If you're shopping for coverage, you probably have several questions about Medicare supplement insurance plans. We have been working with these policies for many years and answer the most common questions below. This way, you can make decisions that best fit your needs. First: A Little About Medicare What And When Is Open Enrollment For [...]
February 3, 2015
Category: Medicare Advantage, Medicare Supplements
An Indexed Hybrid Long Term Care Annuity
Blog
If you're looking for asset based long term care plans with supersized growth opportunities, you're in the right place. There are now two companies offering indexed LTC annuity plans. One America State Life issued the first hybrid long term care annuity and EquiTrust recently released its proprietary version. Both credit interest based on the performance [...]
January 15, 2015
Category: Annuities, Articles, Long Term Care Insurance
Transamerica Life Medicare Supplements
Blog
Our independent agency represents several companies, but we are seeing a lot of interest lately in the Transamerica Life Medicare supplement insurance plans. In our view, there are several reasons for this including: cost, ratings, renewals and name recognition. First, a little about the company: Transamerica (that big pyramid building in San Francisco) is a subsidiary of […]
September 11, 2014
Category: Medicare Supplements
Ohio Health Insurance Exchange Plans
Blog
If you are looking for Ohio health insurance plans in Columbus, Cleveland or Cincinnati -then you are in the right place. Our Ohio based independent insurance agency offers coverage from several carriers both on and off the federal exchange. In our opinion, it is important to work with an Ohio based insurance agency if that’s […]
August 5, 2014
Category: Health Care Reform, Health Insurance
One America State Life Hybrid LTC Policies
Blog
Through our independent agency, you can compare hybrid long term care insurance quotes and illustrations from One America State Life Insurance Company. They offer both single and joint annuity and life plans to fit most situations. We offer their hybrid annuity and life plans direct to consumer. Using our expertise and guidance, we can help […]
July 31, 2014
Category: Long Term Care Insurance, Retirement Planning
Lincoln MoneyGuard Hybrid LTC Insurance
Blog
If you are researching hybrid long term care policies, then you may want to consider the Lincoln MoneyGuard life insurance product. In this post, we will discuss how this policy works and provide examples of the benefits it will provide now and in the future. Addressing Long Term Care Using Hybrid Insurance Plans Asset based […]
June 26, 2014
Category: Long Term Care Insurance, Retirement Planning
Which Is Better – A Hybrid LTC Annuity or Hybrid Life Insurance Plan?
Blog
It's an interesting question. In our experience offering hybrid long term care coverage, the answer is: It depends. Some of our clients benefit more from an annuity and others from a hybrid life insurance plan. We will discuss the pros and cons of each below. Some of the answer can also be found in your [...]
June 11, 2014
Category: Annuities, Articles, Long Term Care Insurance, Retirement Planning