Should I Let My Medicare Part C Plan Automatically Renew?
Medicare Part C, also known as Medicare Advantage, is set for automatic renewal when you sign up
Medicare Supplements are available to individuals who receive Medicare. This type of supplemental insurance is also known as Medigap. Medicare Supplement Insurance helps members of Original Medicare to ‘fill in the gaps’ of their coverage.
Many people have questions about whether Medicare has any dental, vision, and hearing plans. The unfortunate reality is that Medicare doesn’t cover basic examinations for any of them. What’s worse is that Medicare doesn’t cover copays that deal with the health of your ears, smile, and eyes. So, it is important to seek out coverage for these essential health costs.
And there are plenty of affordable policy options available.
Individual health insurance policies are those that you buy on your own. They are not part of employer health plans. These plans can cover a single person or an entire family.
The landscape of Individual health insurance policies changed in 2014 with the passing of the Affordable Health Care Act (ACA). The ACA standardized and increased the benefits provided by these policies and offered Americans more policy options. This law also guaranteed coverage for individuals and offered subsidies to help people afford the insurance coverage they deserve.
Cancer plans can literally be a lifesaver.
Being diagnosed with cancer is accompanied by many unexpected expenses, including examinations, medical care visits, and expensive treatments. So, while you and your family face severe emotional challenges, financial stress often adds to this trying situation.
Cancer is a growing problem around the world. And cancer treatment is extremely expensive.
Final expense insurance, also known as burial insurance, provides your loved ones with peace of mind after your death. Money is paid to your beneficiary that can be used to pay for funeral expenses or whatever needs arise.
Phone: (855) 952-1941 – TTY Users 711
Hours: Mon – Fri, 8AM – 7PM CST
Address: 3595, 10998 Wilcrest Dr #195, Houston, TX 77099
Our blog covers a wide range of topics — from Medicare Advantage news to retirement planning tips, and much more.
Medicare Part C, also known as Medicare Advantage, is set for automatic renewal when you sign up
Final expense insurance, also known as burial insurance, provides your loved ones with peace of mind after your death. Money is paid to your beneficiary that can be used to pay for funeral expenses or whatever needs arise.
When we die, there are many costs that arise during a particularly difficult time for your loved ones. Things like medical bills and funeral expenses further complicate a trying time for those closest to you. According to the National Funeral Directors Association, the median total of burial services, the funeral, and the vault is $9,135. And it isn’t much cheaper for cremation, which costed $5,150 in 2019.
Burial insurance is usually purchased by anyone 50 and older looking to take care of their burial and funeral expenses for their loved ones. This way the family can focus on overcoming the loss of someone special instead of worrying about funeral expenses and money issues.
It is wise to assume approximately $10,000 in funeral expenses when you pass away. While this amount can cover your basic expenses, there are other costs that need consideration. Will you want catering offered at the post-funeral function? Will you want your ashes scattered abroad in a special spot? Do you have any other leftover debts? It is unrealistic to expect Social Security to pay for these expenses considering the lump sum payment is only $255.
But burial insurance can fill this gap and cover the financial aspects for your loved ones after you expire.
The cost depends on your age, where you live, and your health. Monthly or annual premium payment options are available for select final expense insurance policies. And premiums remain fixed, and the death benefit is paid as long as payments are up to date.
The amount of coverage available for final expense insurance depends on your age and health. Coverage available ranges from as little as $1,000 to as much as $50,000.
Everyone with worries about paying for their funeral expenses can take advantage of the benefits offered by burial insurance. It is never too early to prepare for one’s passing. And the openness of discussing with loved ones your final expense insurance policy can eliminate a lot of the uncertainty associated with the burial and grieving processes.
So, get started today on setting up your loved ones for that time that lies ahead when you are no longer with them.
Free Consultation