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Prescription Drug Plans
Prescription Drug Plans (also known as Medicare Part D) have become very popular in the last handful of years. They are used to help supplement your costs for your prescription drugs. They have different copays based on the level or "tier" of that drug. A tier 1 drug is going to have a much lower copay than a tier 2, 3 or specialty drug. Not all drugs are covered by all companies. Some have higher copays than others etc. There is definitely not a one-size-fits-all drug plan. What may be the cheapest for a friend or family member; may not be a good fit for you at all. There are also factors to figure in such as the gap "donut hole" and other things such as this. We can help you find the best plan for you.
Hospital Supplemental Insurance
Hospital Indemnity Plans supplement your health care plan if it doesn't cover 100%. Our hospital plans can cover some, all or even extra for the cost of a hospital stay. *Combining an advantage plan and hospital plan can be a much more affordable alternative to a Medicare supplement.
Other Insurances We Offer
Life Insurance/Final Expense/Burial/Funeral Trust
Life Insurance/Final Expense/Burial/Funeral Trusts are designed to cover the rising costs of funerals, cremations etc. Many people have the wrong kind of insurance for what their wishes are. Most of the people I meet with that have insurance; are totally convinced they have what is best for them. In close to half of my meetings; they find out what they have is less than they thought, the wrong kind of insurance for their need, or they were paying too much for what we could offer to them also. Term insurance is often purchased for a lower premium and the client thinks they are well taken care of. Later they find they don't have insurance because the term ends and the policy needs to be converted to a whole life one. The problem is now (usually at the age of 80 or 85) they can't afford the new premium which is based on their attained age. We encourage people to let us review their insurance even over the phone to see if it is the best for what they want to accomplish upon their demise. Employer insurance, insurance obtained through banks etc are not always term, but most often are. It's not worth the chance of finding out the hard way. Many cash value policies of the Universal Life Nature are not what they have been promised or at least understood to be.
Long/Short Term Care Insurance
Long/Short Term Care Insurance is designed to cover costs for nursing home and assisted living facilities. They are very costly and a large percentage of seniors over the age of 65 are finding themselves in situations where they have to have this kind of care. It is very good insurance and brings much peace of mind. It is very costly for older seniors. It is recommended that it be purchased when younger. It is much more reasonable then. However, it is still very needed for those who have some workable assests that are desired to be protected.
Annuities
Annuities are financial vehicles that can offer some very nice advantages over traditional ideas such as CD's,Money Market accounts, stocks, bonds etc. Annuities are many and various and have different features and functions. They can be a guaranteed fixed return vehicle or they can also be based on an index such as the S & P 500 etc. They are very popular with seniors who don't like the more risky type financial vehicles; but also don't want the mere pittance return of a bank CD or of the like.
Contact: Supplement Place today to talk about your needs and how we can help make sure you are covered.
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