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Healthcare plans and insurance options are constantly changing, which can make it hard to understand what your policy covers. For more information on insurance industry news, tips to keep you covered, and changes to popular plans, follow the Advanced Insurance Concepts blog.
Turning 65 and What to Look For in Retirement
The age of 65 is a common age for many to retire. If you choose to stop working and retire at age 65, there are several things for you to consider. Like what will you do for health care? Should you start receiving social security? These are common questions to ask when you are turning…
What is the Difference Between a Medicare Advantage Plan and a Medicare Supplement Plan?
The Medicare Advantage Plan and the Medicare Supplement Plan are different types of Medicare coverage. You cannot carry both plans at the same time. Medicare Advantage Plan is made up of bundling Part A and Part B usually with Part D and another type of coverage. Medicare Supplement Plan is coverage you can buy if…
Is Life Insurance Tax Free?
One benefit of a life insurance policy is that it is typically tax-free. When a beneficiary of a life insurance policy receives death benefits, the money is not counted as taxable income, and therefore, the beneficiary does not pay taxes on it. There are some exceptions to the rules of tax-free life insurance. The following…
I Want to Change Medicare Plans, Now What?
There are three enrollment periods when you can change Medicare plans. You cannot switch Medicare plans at any time, you have to choose one of the three enrollment periods only. The first enrollment period to change Medicare plans is during your initial enrollment period. This is generally lasting for seven months: three months before you…
A Checklist To See If You Are Ready To Retire
Trying to decide if you are ready to retire can be difficult, but it’s easy with our simple checklist. Here’s our checklist of 7 things to consider to see if you are ready to retire. Evaluate your budget. Write down all your debt, liability, savings, income, insurance and any miscellaneous expenses you may have. This…
Can Someone Under The Age of 65 Have Medicare?
We tend to think those that are under the age of 65 do not receive Medicare. However, there are those that are under 65 that do and can take advantage of Medicare. You may qualify for Medicare due to a disability. Often times there is a two-year waiting period to begin receiving Medicare. People who…
What Are The Benefits to Having Medicare?
Have you heard about the benefits of having Medicare? Did you know it is the single largest insurance program in the US proving hospital insurance and medical insurance…..often referred to part A and part B Medicare. One benefit of having Medicare is the wide variety of coverage from inpatient hospital stays to outpatient surgeries to…
Insurance with Jim Rooney
Jim Rooney is the owner of Advanced Insurance Concepts. He built Advanced Insurance Concepts to allow him to serve his clients to the best of his ability and to find the best possible solution for their health, live and accident insurance needs. There are over 25 insurance companies; plus, all of the Medicare Advantage providers…
Advanced Insurance Concepts – Plan on Retirement
Did you know that Advanced Insurance Concepts was created to help successful business owners create their personal tax-free retirement plans? We created our company to help others succeed. One way of doing that is through a tax-free retirement plan. There are many ways of achieving this goal and we help you find the perfect way…
Is Long Term Care Insurance Worth It?
If you are over 65, you may be asking yourself is long term care insurance worth it? Let’s look at the pros and cons of long-term care insurance. Medicare does not pay for custodial care and private health insurance rarely pays any of the costs for long term care. When you retire, do you expect…
