Please contact us if you cannot find an answer to your question.
A deductible is an amount that you're responsible for in the event of a loss. This is the amount you pay out-of-pocket, and insurance covers the remainder.
A: Medicare Part A covers hospital insurance, including inpatient hospital stays, care in a skilled nursing facility, hospice care, and some home health care. Part B covers certain doctors' services, outpatient care, medical supplies, and preventive services. Part C, also known as Medicare Advantage, is an alternative to Original Medicare (Part A and B) and often includes Part D coverage. Part D adds prescription drug coverage to Original Medicare.
A: The Initial Enrollment Period for Medicare begins three months before you turn 65, includes the month you turn 65, and ends three months after you turn 65. There's also an Annual Enrollment Period from October 15 to December 7 each year when all Medicare beneficiaries can change their Medicare health plan and prescription drug coverage.
An HMO, or Health Maintenance Organization, requires you to select a primary care physician (PCP) and get referrals to specialists within the network. A PPO, or Preferred Provider Organization, allows more flexibility, letting you see any healthcare professional you want, in- or out-of-network, without a referral.
The Open Enrollment Period for Marketplace insurance typically starts in November and lasts about six weeks. However, you may qualify for a Special Enrollment Period outside of that time if you have a significant life event, like getting married, having a baby, or losing other health coverage.
Term life insurance provides coverage for a specific "term" of years. If you pass away within this term, a death benefit is paid out to your beneficiaries. Whole life insurance, on the other hand, provides lifetime coverage and also has a cash value component that grows over time.
The amount of life insurance you need depends on various factors, including your income, dependents, debts, and future financial goals. As a rule of thumb, some financial advisors suggest a life insurance policy that's 7 to 10 times your annual income. However, we recommend a comprehensive discussion to determine the right amount for your unique needs.
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.