Category Health Insurance

Relationships in healthcare matter

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.

Inflation Reduction Act

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

What the heck is Supplemental coverage and why do I need it?

Supplemental insurance is additional coverage

Supplemental insurance is additional coverage that you can use to help with the out-of-pocket expenses that may not be covered by your major medical insurance. Many major medical plans do not cover 100% of medical costs. There are things like co-pays, deductibles and just the cost of being out of work if you are involved in an accident or illness. Voluntary insurance, or an optional layer of financial protection. With prices on the rise people now, more than ever are seeking an extra financial safety net for unexpected medical expenses such as an accident or something much worse like a critical illness. 

There are a variety of plans that can help you add an extra layer of protection for you and your family such as accident, hospital stays, critical illness, cancer, and short-term disability. The nice part about this plans is that many of them pay “you directly”. You just have to supply the supporting documentation and a check comes to help you with those out-of pocket expenses. Many of these plans have a wellness visit payouts once a year when you do your annual bloodwork or exams. Just knowing you have the additional protection gives you have peace of mind. 

Additionally, many employers are also offering employees the ability to purchase these plans through payroll deduction to help their employees cover those times of sickness, illness or injury. 

The frustrating requirements for coverages over 1 million

Taking an exam will be necessary

You will indeed need to take the exam if you apply for a standard policy. There are, however, a few businesses that provide life insurance coverage of up to $1 million without requiring an assessment. Furthermore, you are not need to take the exam to be certified for certain insurance, such as ultimate expense, which are issued on a simplified issue basis.

Would you purchase dog without first inspecting it? You would want to make sure it’s healthy and has all his shots and no major issues.  After all, you pass away soon after purchasing the coverage, insurers could be liable for millions of dollars. By performing an examination, they boost their chances and determine how dangerous you are to insure. Additionally, they take care to avoid covering unqualified people who might be suffering from a terminal disease or who are otherwise likely to pass away soon.

A third-party nurse will review the questions you answered on the application, take your height, weight, blood pressure, pulse, and other vital signs while also drawing a sample of your blood. Sometimes, depending on your age and the company, a urine sample and EKG will also be necessary. They will look at A1-C which determines your potential for Diabetes. There are many things they look at to determine if you are a good candidate for coverage. So making sure you get coverage while you are healthy and don’t have any pre-existing conditions