Services

Medicare Supplement (Medigap)

Medigap is Medicare Supplement insurance that helps fill "gaps" in Original Medicare and is sold by private companies. This is your secondary insurance in addition to your primary insurance (Original Medicare). Original Medicare pays for much, but not all, of the costs for covered health care services and supplies. A Medicare Supplement can help pay some of the costs that Original Medicare does not cover, such as - Copayments, Coinsurance, Deductibles.

Medicare Advantage Plans

Medicare Advantage is a type of Medicare health plan offered by a private company that contracts with Medicare to provide you with all of your Part A and Part B benefits. It is common for Medicare Advantage Plans to be "all-inclusive" meaning prescription drug coverage is integrated into the plan.

Types of Medicare Advantage Plans Include:

• Health Maintainance Organizations (HMO)
  
• Preferred Provider Organizations (PPO)
  
• Private Fee-for-Service Plans (PFFS)
  
• Special Needs Plans (SNP)
  
• Medicare Medical Savings Account Plans (MSA)
  

Part D Prescription Drug Plans

Part D Prescription Drug Plans help cover prescription drug costs. A Part D Drug Plan is typically paired with a Medigap policy. It is important to enroll in a drug plan on time because there is a permanent late enrolment penalty for enrolling more than three months after your 65th birthday or if you do not have creditable prescription drug coverage in place once Medicare begins.

Selecting a Part D Plan

We use software that allows us to implement the name, milligram, and frequency of all of your current prescriptions. This allows us to run an analysis through all of the Stand-Alone Prescription Drug Plans that are available to you based on your zip code and county. This leads us to which plan will cover your specific prescriptions best.

Term Life insurance

Term life insurance is a specified length of time – generally one to 30 years. You select the amount of the death benefit that meets you and your family's needs. If you pass away during the term of the coverage, the death benefit will be paid to your beneficiaries. Term insurance is not permanent and does not accumulate cash value. Term insurance is typically the least expensive life insurance solution.

Universal Life Insurance

Universal Life is permanent insurance that has the potential to accumulate cash value. However, it offers additional features and options. For example, you can increase or decrease your policy's face amount to accommodate your changing protection needs. You can also increase or decrease the dollar amount of your premium payments and make additional lump sum payments to your policy. Since a Universal Life policy accrues cash value, you can borrow against this cash value for any purpose.

You have the option to skip premium payments if your account has accrued sufficient value because the premiums will be taken from the accrued value. A Universal Life policy also has the potential to earn a higher rate of return than a whole life policy, although there is a risk that your rate of return could drop.

Whole Life Insurance

Whole Life Insurance is life insurance that you own for your entire lifetime. The amount of the death benefit or face amount can be selected to meet your needs.

Premiums, or payments, are fixed and can be paid monthly, quarterly, semi-annually, or annually. As more premiums are paid, your policy accumulates a cash value that grows on a tax-deferred basis. Whole life is like buying a house versus renting it. The monthly cost is higher than it would be for a term life policy, but with each payment you make you gain equity. You can borrow against a Whole Life policy for any purpose. Loans, however, require you to pay interest and any borrowed amount you do not pay back is deducted from the payout to your beneficiary at the time of your death.

Final Expense Insurance

Final Expense insurance is life insurance that helps provide the money needed to pay for funeral expenses, medical bills, or unpaid bills. By planning ahead, you can help protect your loved ones from unnecessary financial burden.