Archives October 2022

Your life insurance choices can effect you long term

I’d like to challenge anyone who reads this to consider your life insurance policy a little more closely.

Perhaps, instead of looking for the cheapest solution for the most benefit.

Perhaps consider looking at the benefits you are getting both tangible and intangible

Many policies will have built in riders that allow you to access benefits should your health go south. Those are called living benefits

Another thing to consider is what is called convertibility. See Term plans have an end date. And so a great solution is to look at converting all or part of your term policy to last into your later years.

This conversion also is potentially a fantastic solution as a financial vehicle.

Always consider your options. And sometimes less that 10$ a year in payment could benefit you many times over in the long run.

Stay safe and stay informed my friends

Always do what’s right…

Today I met with a client that means a lot to me. He’s been a client now for over 4 years and in that time I’ve seen his health ebb and flow. I’ve been witness to doctors ,hospitals, and needs change many times over.

And now as he enters a new year, we are faced with some difficult changes once again. And yet, the vibe and personality he exudes is one that I envy. It is truly his own real self. something I think the world should take note of.

There are many choices being made right now but, 1 thing I know is price and cost are but 1 simple piece.

While so many focus on price. Those that know and understand a person’s real needs know that accessibility, trust, familiarity, foreshadowing, and care are far more important for someone dealing with hard realities of life.

So while you shop for coverage, know that while price can and should be a factor. When your in the thick of it, price will matter very little if you cannot receive the care you need. Holistic understanding of a clients needs are of utmost importance. I hope anyone who reads this understands the true value of a relationship with your care team. Including your agent.

What does Inflation have to do with Insurance – Medicare edition

The new law effects both Medicare beneficiaries as well as those who do not qualify yet. But for the latter please come back and see my next post

The Inflation reduction act will benefit up to5 to 7,000,000 Medicare beneficiaries. The new provision allows medicare to negotiate prescription drug costs Which could force cost reductions across the board

An estimated 3.3 million Medicare beneficiaries With diabetes could benefit from a guarantee that their insulin costs would be capped at only $35 a month. This is a huge change and possible reduction from previous years

Lastly in 2025 a provision is expected to go into affect that could affect 50 million Americans with Medicare part D this will give them the peace of mind knowing that their pharmacy costs will be capped at $2000 per year. As it currently stands this would directly benefit about 1.4 million beneficiaries each and every year

As you can see these three changes to our Medicare system could result in some truly positive change for yourself or someone you probably know

– Sean Fletcher