Medicare Supplement Plans
A Medicare Supplement policy is senior health insurance sold by private companies to expand health coverage for seniors where the Original Medicare Plan coverage falls short, such as co-pays and deductibles for doctor visits, hospitalization and other medical services. Seniors pay a monthly premium but have few additional out-of-pocket expenses.
Medicare Advantage Plans
Medicare Advantage Plans are health care options that are a part of the Medicare program. By paying their Part B premium, a beneficiary becomes eligible for Medicare Advantage plans. Many times consumers receive extra benefits not covered under Original Medicare.
Medicare Part D Plans
Medicare Part D, also called the Medicare prescription drug benefit, is a United States federal-government program to subsidize the costs of prescription drugs and prescription drug insurance premiums for Medicare beneficiaries. It was enacted as part of the Medicare Modernization Act of 2003 (which also made changes to the public Part C Medicare health plan program) and went into effect on January 1, 2006.
Hospital Indemnity Plans
These health plans provide supplemental benefits like cancer insurance, heart/stroke insurance and hospital indemnity insurance. The benefits are paid directly to your client to provide immediate benefit and lessen financial strain.
Dental Insurance provides benefits for services such as preventive care, routine checkups, crowns and implants. Clients can take advantage of these services and discounted services with a network provider of over 200,000 credentialed dental participants.
Final expense insurance, also known as "burial" or "funeral" insurance, is a life insurance policy with a low face value, from $2,000 to $50,000, that your clients can buy when they reach the age of 50. Policyholders can name any beneficiary, typically a family member, who would make the claim and receive the money upon the policyholder's death. The beneficiary is then responsible for using the money to carry out the policyholder's wishes.
Term life insurance offers competitive premiums as it only covers specific periods of time. Clients select the term length they need as well as the coverage, or face, amount of the policy. For example, a client can choose a
Universal Life Insurance is a flexible-premium, adjustable benefit life insurance policy that accumulates account value. The flexibility of this policy allows you to change the amount of insurance as your needs for insurance change. The death benefit is tax-free and growth in account value is tax-deferred.
Long-Term Care Insurance provides additional coverage for both medical and non-medical services. Unlike Medicare, LTCi helps pay for costs associated with daily living activities usually provided in a patient's home, nursing home, or assisted living facility.
Annuities provide the security of a "lifetime income" for your clients. After they have paid into the annuity for a period of time they will begin to receive regular payments that will be a steady stream of income to supplement their Social Security. Also, annuities have great tax benefits. Benefits are tax deferred until your client starts to withdraw.