Co-Insurance and Co-Payment-Choosing the Best Option Co-insurance and co-payment are two forms of cost sharing that insurance companies utilize. It is important to understand how they work. Understanding this process will help you save money on your health care expenses. In this article, we will define co-insurance and co-payment and go into how they [...]
Figuring Out Your Life Insurance Policy Understanding your life insurance policy is extremely important. It will help you to understand the right and obligations that you have under the contract. However, reading and understanding your policy is not the easiest accomplishment. For that reason, we have created this list to help you as you [...]
Basics of a Fixed Annuity A fixed annuity can be a powerful retirement planning tool. In this article, we will go over the basics of fixed annuities. This includes how they work, what benefits they offer, and how to determine if one is right for you. How a Fixed Annuity Works A fixed annuity [...]
Disability Insurance If you become seriously ill or get hurt to the point you cannot work, where will your income come from? One of the most reliable resources in such a situation is disability insurance. It can provide you with steady income if you are not able to work for a prolonged period of [...]
Preparing for Long-Term Care 70% of those over the age of 65 will need some form of Long Term Care during their lifetime. This is compared to a 25% chance that you will be in a car accident or have a house fire. The difference is everyone keeps automotive and homeowner’s insurance to be prepared, [...]
Purchasing Life Insurance If you are on the hunt for purchasing life insurance, there are a few things you should know. We will go over some factors that you should keep in mind while you are shopping around for a policy. 1. Life Insurance is Not an Investment Product, it is a Risk Management [...]
Riders: Another Form of Coverage Riders are additional benefits you can add to your life insurance policy. These riders provide coverage not normally provided by your standard life insurance policy. Typically, these riders will come with an additional cost. There are several different kinds of riders. What riders are offered and their specific terms [...]
When Can You Elect New Medicare Benefits? The Medicare Annual Election Period, or AEP, happens each year. It starts on October 15th and ends on December 7th. During this time, you have the chance to change your Part C or Part D coverage. To prepare you for this Annual Election Period we have compiled [...]
SEP (Special Enrollment Periods) Typically, you can only purchase health insurance coverage through the Marketplace Exchange during the Open Enrollment Period. This lasts between November 1st and January 31st each year. However, there are some qualifying events that trigger Special Enrollment Periods, or SEPs. If you qualify for a SEP you can enroll in [...]
Navigating Open Enrollment Health Plans Open enrollment for health insurance begins November 1st! With all the recent healthcare law changes there are more options than ever before. All the choices and new procedures can be overwhelming. This article will break down the different healthcare terminology so that you can be thoroughly educated and get [...]
