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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.
3 Types of Long Term Care Services
Did you know that your health insurance nor Medicare will pay for your long-term care services if you need them? You’ll need long term care services insurance if you develop a chronic illness or become disabled and can no longer care for yourself. If you are thinking about investing, here are three types to consider:…
What Is Long Term Care Insurance?
A long term care insurance policy helps cover the costs of care when you have a chronic medical condition, disability or a disorder such as Alzheimer’s. Regular health insurance doesn’t cover long term care. Long term care can be given in a number of locations such as your home, a nursing home, an assisted living…
What is Final Expense Insurance?
Have you ever heard of final expense insurance? If you answered no, you wouldn’t be alone. Final expense insurance is a small whole life insurance policy that has a small death benefit; sometimes referred to as “burial insurance”. As with any whole life policy, the premiums cannot increase and the death benefit cannot decrease. The…
What Are The 4 Types of Medicare?
If you are just entering the world of Medicare, you need to know where to start. First, you need to understand what the four types of Medicare are. Once you understand each type, you’ll be able to decide which is the best coverage for you. The first type is called Medicare Part A. This typically…
Are There Benefits To Life Insurance?
A great question we get asked is, Are there benefits to life insurance? There are benefits. One of the main benefits is a tax-free payout to the beneficiary. And there are so many more, too! Life insurance provides cash to help your loved ones replace your lost income when you pass away. Beneficiaries can use…
What IS The Best Age To Buy Term Life Insurance?
Purchasing term life insurance is a time in your life where you become more financially responsible. But how do you know what is the best age to buy? How old or young should you really be? The answers vary. First , let’s consider….what will your final expenses look like. The average funeral costs around $10,000.…
How Do I Check My Medicare Status?
You’ve filed your Medicare enrollment forms and now you are waiting to see a status update. You don’t have to wait for a letter in the mail or an email to crawl into your inbox. So how do you check your Medicare status then? Medicare enrollment can be through the Social Security Administration online, over…
12 Things to Know When Turning 65
There are many milestones you have in your life. Turn 16, get a driver’s license. Turn 21, purchase alcohol. Turn 26, rent a car. Turn 55, join AARP. Turning 65, you can retire, right? But what do you do then? Here is a list of 12 things each person turning 65 should know. Learn Medicare.…
When is Open Enrollment for Medicare?
Do you know when open enrollment starts for Medicare? Did you know that to get different parts of Medicare, you need to sign up at the right time? By utilizing these enrollment time frames, it can help you avoid paying higher premiums cause by late penalties. To take advantage of open enrollment, you must first…
Can I Have Both Medicare and Medicaid?
This is a question we get quite frequently. Can I have both Medicare and Medicaid. This is called dual eligibility. Both are US government-sponsored insurance programs to help cover healthcare costs. But the simple answer is yes. You can have both. Medicare is handled by the federal government and is typically based on age. Medicaid…
