Medigap and At-Home Healthcare Services
“The good news is that we are living longer, and the bad news is that we are spending more now “, said Michael Aun, author, entrepreneur, and motivational speaker recognized by the government. You did everything correctly. You have lived within your means and have diligently cultivated your savings. Despite all the ups and downs of the market, your well diversified portfolio has been maintained, you have controlled the cost of the investment and used many strategies to reduce taxes on your income. As a result, she has gathered enough funds to finance her retirement income and to offer her children a decent legacy.
The sad reality is that you can lose everything if you do not take appropriate measures to protect your resources. I’m not talking about the possibility of continued market volatility or a severe recession that usually dominates the news and the opinion of everyone. I speak of three-letter words that hardly anyone dares to comment on. Long-term care includes the cost of a retirement home, assisted living or home care.
Why should this be a problem?
According to the United State’s Department of Health and Welfare, 70% of people over 65 need home care at some point in their lives. Of those who need help, more than 75% need it for more than a year. Life expectancy after age 65 is about 17.9 years, which means that the chances of getting help for chronic diseases are greater today than 10 or 20 years ago. The cost of health care is expensive. According to the American Long-Term Care Association, the average cost of health insurance is about $ 73,000 a year. The cost of nursing home care can be significantly higher or lower, depending on the services required and the frequency with which the patient requires treatment.
The cost of care has increased on average by 6% per year for a few years. At this rate, the average cost of care over 12 years will be double the current cost of $ 146,000 per year. Assuming that health expenditures continue to grow at the same rate for another 12 years, the cost of treatment over 24 years will be $ 292,000 per year. Many 2020 Medicare supplement plans found here www.medicaresupplementplans2020.com/ only covers the first 20 days of skilled care account that follows a minimum of 3 days after admission to the hospital. Medicare and its supplement can pay 80 extra days of care, but only if a doctor says they need proper care and again after a three-day stay in the hospital.
• So, what should you do or could you do now about it?
• Would you like your son or wife to take care of you? If so, how will their lives be affected by it?
• What you intend to do depends on what you want to do if you need long-term care.
• Which assets will you liquidate?
• If you prefer professional assistance, how would you pay for your services?
• How many more taxes should be paid?
Medicare’s Health Plans Can Cost You a Lot
Over the years, I have come to witness the benefit of sound and accurate information on a daily basis; as an independent agent specializing in senior’s insurance and the Medigap – Medicare supplement insurance. Making an informed decision depends entirely on knowing and understanding the options available. Many clients informed me that their search for answers triggered many phone calls and emails from dozens of insurance agents that put them in a frustrating and confusing situation. This can be very painful if you simply give up and miss the opportunity to discover an option that could better your health situation and save money.
Fact 1: Marketing firms are in business to sell you information.
When you search for information on the Internet or fill out a form to win a prize, you can put your personal information on a squeeze page. They sell your information to multiple agents who contact them to provide them with the name and contact information of people needing information about additional Medigap and Medicare plans. Here is where the avalanche will begin! You can prevent this by always making sure you are on an authorized and legitimate website. There should be a toll-free phone number for you and an email address to contact them. If you are asked to provide all your personal information to receive an offer, you may be in the wrong place.
Fact 2: Although the cost of the Medigap – Medicare Supplement policy may be different for different companies, the benefits are the same. There are currently 10 standardized Medicare policies, and they include A, B, C, D, F, G, K, L, M, and N. The benefits of each of these plans are approved by the Center for Medicare and Medicaid Services (CMS). All insurance companies that offer supplementary Medicare insurance policies must meet the approved benefits for the policies they offer. Although the benefits in each of the different policies are the same, regardless of the company that offers the policy, there are large differences in policy prices from one company to another. By knowing this and taking the time to compare prices, you can save 30% or more on your Medicare supplement. In minutes, you can really save money.
Fact 3: The 2020 Medicare Supplemental plans found at www.medisupps.com/medicare-supplement-plans-2020/ is included only after the registration has been opened. Medicare supplement policies are not subject to annual production deadlines and you can change them at any time of the year. Having this at the back of your mind, you can compare policy options at any time and switch to another policy or company. If you find that you can get the same contract from another company at a better price, you can immediately change it and start saving.
Fact 4: You are included in your Part D plan until a time when the registration is open. Part D drug plans are Medicare approved plans provided by private insurance companies.
Medigap Insurance Plans for Your Financial Wellbeing
If you are looking for peace, you can sign up for a Medicare supplemental insurance plan. Information is crucial and obtaining the right information makes a whole lot of difference in the lives of people and the way they live. Everyone knows that it is not possible to place a premium on good health. Finding the best insurance plan is the best way to meet your needs. We all have different needs and it is imperative to find the best plan for your health situation.
For a long period of time, people had to depend on Medicare to cover their own expenses. Although some expenses are insured, there are always extra costs to pay for. These extra costs can cause financial problems to anyone. Medicare supplementary insurance has filled this gap and provided additional costs. People with complementary insurance know that a serious illness or health problem will not ruin them financially. This insurance is provided by several private insurance companies looking to fill the gaps left by basic health insurance. Although Medicare can provide about 80% of a person’s medical and other medical expenses, the remaining 20% can still be expensive for most people.
The period without primary care insurance has led people to look for other funding opportunities. The costs insured by the plan include deductibles, payments and other expenses. Expenses can accumulate, depending on your suffering, which is a significant financial burden. Patients facing the financial challenge of additional payments will not think about it before taking out additional insurance. Having the certainty that people do not have to sell products to pay for their medical expenses is exciting. Citizens now have the freedom to choose the complementary public health plan that best suits their situation. The best part of additional strategies is that they are accessible. Several options allow everyone to find a plan that is suitable for their budget.
One of the key benefits of these Medicare supplemental policies is that you can purchase insurance without going through a medical exam. The insurance policies provide for a “guarantee period” during which the client does not need a medical examination. The plan is fundamentally guaranteed and renewable. Those with certain medical conditions will find this guarantee very useful. Once the insurance is complete, the insurer does not increase the premium. It is also guaranteed that the client will receive a renewal option at the end of the insurance. Various insurance policies are available to meet the specific needs of the client and the amount of insurance required. Online Websites like www.medicaresupplementplans2020.com/quotes/ offer customers the ability to compare the various costs and insurance of 2020 Medicare Supplemental Insurance with various insurance companies.
An important benefit of this additional Medicare insurance plan is that you can get insurance without going through a medical exam. The insurance policies provide for a “guarantee period” during which the client does not need a medical examination. The plan is fundamentally renewable and guaranteed. Those with medical problems will find this guarantee very useful.
Updated on January 8, 2019
Improved Healthcare via Medicare Supplement Policies
Medicare supplement plans help seniors pay most of their health expenses. People over 65 or with chronic illnesses can benefit from Medicare policies. These are divided into part A, part B, part C and part D. Now, Part A – or hospital insurance covers for hospice care, hospital services for inpatients, home nursing and post-hospital care.
Part B of Medicare insures medical expenses, outpatient hospital care and clinical laboratory services. Parts A and B are the original policies of Medicare. Many costs of primary health care fall under Parts A and B. However, these policies do not insure payments and deductibles. Medicare Part D includes brand names and generic prescription drugs.
Benefits of Medicare Policies
The documentation of Medicare policies is relatively easy compared to other types of health insurance. In addition, the price amount is low. Premium rates may vary by age, zip code, etc. Your current state of health also affects the amount of the premium. All Medicare policies are managed by Medicare Centers and Medicaid. Medicare is very different from normal health insurance. By signing up for the Medicare policy, you can save a lot of money in the future.
What are Medicare Advantage policies?
Medicare Advantage policies are categorized into
• Managed health policies
• Medicare Special Assistance Policies
• Private rate for service packages
The conditions for all these guidelines are distinct. Many insurance companies are available in the marketplace by offering Medicare policy and final cost insurance at an affordable cost. Medicare policies are partially funded by the government, so you can get them at a low cost.
Benefits of selecting a Medicare Advantage Policy
Part C or Medicare Advantage policies combine the areas of strength of the Medicare Part A, B and D policies. Medicare offers benefit policies through managed care policies and insurance contracts. In some Advantage policies, only physicians can be seen on the provider network. These policies offer a better quality of health care. These schemes insure additional expenses such as
• dental services
• Preventive health expenses
• Cost of visual aid to equipment
• health screening
• laboratory test
These policies also provide insurance for prescription drugs. The Medicare supplement insures expenses that are not insured by the original Medicare. The additional public health policy is available at different categories, tagged with letters from A to L. Supplements listed at www.Medicaresupplementplans2019.com/medicare-supplement-plan-f-2019/ include information on plan F for 2019.
Next, how to choose an appropriate health insurance policy
For you to obtain full insurance of your health care costs, you need to select the most appropriate Medicare policies. You need to compare the Medicare Advantage and Medicare Supplement policies and now select the best Medicare Advantage policies to meet your health care needs. To obtain optimum benefits from Medicare policies, you must select very wisely. Before selecting a policy, you must examine your health care and your current health insurance. If you have a separate prescription drug policy, you do not need to choose the Medicare Part D policy. If you overestimate the value, the total cost increases. You must choose a policy that fits your expectations, your budget and your lifestyle.
Updated on December 27, 2018
Things you can do during retirement
The most important thing that one gets following retirement is the time that is now in your hands. This coupled with the finances you may have accrued all these years of working can definitely translate to a very productive life. With proper planning, there are a lot of things you can do after retirement.
The primary thing you can do after retirement is spending time with your family including your spouse and children but mostly the grandchildren because they are the family members that you may feel most drawn to. This much time that comes with retirement can be used to visit your grandchildren or have them come over to spend time with you for both interactional purposes as well as educational purposes.
The second thing you can do is take a trip or go on vacation to the places you have always wanted to go but then because of time and work, you may have never had time or the opportunity to go. During retirement, you have the luxury, if you saved up for it, to go for trips for as long as you want without feeling the pressure of going back for one reason or the other.
You can also decide to look after your farm including the livestock you have and make sure that they are all in good condition. This is done by going out of your way to clean the places where your livestock sleep, maintaining your land in good condition and ensuring that the grass is short to your liking. Other maintenance processes include repairing things that are broken in your house or even in your car.
You can also opt to go out fishing or engaging more into your hobbies and spending time with your friends doing the kind of things that your job may have denied you from, doing. This is even beneficial as it will serve as a stress reliever as you will have people with whom you can share your experiences in case the retirement life is proving difficult in terms of adjusting. Get a quote for supplement plans from Cigna at www.medisupps.com/cigna-medicare-supplemental-insurance-2018/ to plan for the upcoming year.
Volunteering in community projects is also something that you can do at this point when you have retired and have time to dedicate your efforts and experience towards assisting other members of the community to live more healthy and beneficial lives with the aim of making them better members of the community as well as making the community a better place to live in which is free from crime and other social challenges.
Posted on December 27, 2018
Challenges faced during retirement
Retirement is the active withdrawal from an individual’s work or employment. It is mostly due to age limit as set by the government of the country in question. The fact that it comes with age means that it demands a change in how you live your life and if met with a positive mind then it is very easy to make a swift transition from employment and working to retirement. Most challenges that come following retirement are age related but this does not limit them to age.
The first challenge that comes with retirement and therefore age is a medical condition called cognitive decline. This is a condition where the individual who is an older adult is unable or rather, experiences difficulty trying to achieve the kind of things that the individual used to perform comfortably in the past. Doing things such as making mental calculations, knowing how to avoid business risks and even predicting outcomes are some of the things you would expect them to do but then with cognitive decline, you realize that there is some fault in their deliverance of such things.
Another challenge that is most likely faced at this point is difficulty in movement and carrying heavy stuff. There comes a limitation with regards to heavy work when one approaches and passes this age. This challenge is however not so bad when faced with acceptance. You have to learn how to do exercises to ensure that your body adopts well to change otherwise you will strain your back on many occasions.
You will also experience difficulty in sitting down for long hours during flights and road trips. This is because your muscles develop a condition among other complications. On flights, it is advisable that you take the seat by the isle so that occasionally, you can walk around to ensure that your feet or legs do not actually fall asleep. Browse www.medicaresupplementplans2019.com/aarp-medicare-supplement-plans-2019/ for plan outlines about AARP medicare supplement plans.
You may also need to rethink your diet and focus more on meals that make good for bone strength, boost your immunity and develop other body processes. This is because at this age, the body may start to shut down or rather, slow down with regards to many biological processes. This therefore poses as a challenge mainly because of the financial demands that come with ensuring that you focus on the dietary needs as demanded by your body. However, with discipline and care, it is possible that you will get through these challenges due to old age and the other challenges that follow retirement.
Posted on December 27, 2018
What Are The Benefits Of 2020 Medicare?
This is still the time of year to make decisions on health insurance for 2016. Understanding collective health insurance is a source of confusion and trying to understand Medicare raises a number of different challenges. Medicare has angles and cracks that are a little tiring and can lead to unexpected expenses.
Medicare is a health insurance program for people over the age of 65, but it also insures people under 65 years old with certain disabilities and people with end-stage renal failure. What does health insurance include?
Part A of Medicare (hospitalization insurance) includes hospital care, hospice, and a specialty care facility. It also include services like surgeries, laboratory tests, medical examinations and home care. This insurance is mandatory for all people and you will be automatically enrolled at the age of 65.
Medicare Part B (i.e. health insurance) contains services provided by physicians and other health care providers, ambulatory care, sustainable medical equipment, home health care and some preventive services. Part B can be selected with the option to deny it for registration or release it later.
Generally, everyone should have Medicare B, even those who have veterans or Indian health care. Medicare also provides insurance for prescription medication; the government depends on private insurance companies for marketing prescription policies with different costs and insurance options. As this is a competitive sector, insurers tend to maintain premiums and insurance equally.
Even if Medicare insures a benefit or an item, you usually pay a deductible, co insurance and a co pay.
Some of the items and services not insured by Medicare include:
• most dental care
• long-term assistance
• Eye examination related to the prescription of glasses
• plastic surgery
• Routine foot care
• hearing aids
If you or your spouse paid a health insurance fee while you were working, you generally do not have to pay a monthly premium for Medicare Part A (Hospital Insurance). This is a little misleading because all health insurance costs are increased and for Medicare Part A, the monthly premium is $ 407. If you have not paid Medicare taxes in your years prior to Medicare, you pay $ 407.
Part B needs payment of the premium by every individual on Medicare; this is because Part B is optional insurance. You may choose not to select it during your Medicare registration. If you choose, the bonus of Part B is $ 104.90 per month. If you do not register for Part B while you are eligible, you will have to pay a late registration deadline to choose Part B after the first offer and you will pay the penalty as long as you have Part B.
Your monthly Part B bonus may increase by 10% for each 12 month period you chose to carry Part B. You may also have to wait for the general registration period (i.e. January 1 to March 31) to register for Part B and reports will begin on July 1st of the same year. By going to medicareadvantageplans2020.org you can save money for 2020.
Updated on December 24, 2018
Take Full Advantage of A Doctor’s Appointment
When visiting the doctor, an honest and open communication is very important. Physicians rely on full disclosure to make a correct diagnosis or prescribe the best treatment for each individual. Be sure to take any medications or supplements you are taking in addition to the size and frequency of dosage. Pen down this information as it is very easy to lose an important detail when trying to talk to your doctor during any of the many doctor’s visits.
The doctor can answer very personal questions (e.g. ask for information about activity or sexual performance). Remember that your doctor is trying to determine the cause of your symptoms and that you concealing information can only inhibit this process. Do not hesitate to inform your doctor if you do not understand what he asks you. If necessary, seek clarification and consult with other health professionals as appropriate (nurses and medical assistants, for example).
Remember that bogus information will not only deter the diagnosis, it can also result in a wrong diagnosis and significantly reduce the effectiveness of the treatment cycle. Collecting information about your medical history will help you speed up the process. Patients can request a copy that will be sent to their doctor before their appointment. Patients should take this opportunity to review their family’s medical history, as the heritable prevalence of certain traits can greatly increase the likelihood of certain diseases (e.g. heart disease, diabetes, cancer, etc.).
When it comes to providing information to your doctor, it is important to ask the right questions and make sure that your family knows the reasons for your medical history or tends to provide false information. Be sure to confirm if you intend to share this information with your doctor.
In addition to these surveys, it also helps you prepare the questions you have for your doctor in a descending manner. Ensure you have asked the most important and really vital questions first. Talk to your doctor if you have recent health problems such as extreme pain or shortness of breath. As your doctor assess this information and informs you of your medical history, you can start asking more specific questions about possible treatment options.
If you have questions about billing or health insurance, you can contact a patient support group. Patient advocates specialize in treating health issues, which are generally beyond the reach of health professionals. The availability of an individual’s doctor in the health policy network is one of the most important factors in choosing a Medicare Advantage policy. This is especially important for those entering the Medicare population for the first time. Find out the policies of your doctor – and your hospital -. Vendor networks can vary considerably from one floor to another, so do not be surprised. Consider getting a quote for a Humana medicare advantage plan for 2019 or another carrier.
The yearly filing period for Medicare participants is active right now (and terminates on December 7th). Men who are aging in Medicare should learn to accept this new phase of their lives with gladness and make well informed and informed decisions about their health needs.
Updated on December 24, 2018
Living for many years without suffering a serious illness is something that very few get a privilege of. It is true that there are many factors that we can not control and that can prevent us from reaching our goal, such as genetic predisposition or exposure to toxic and polluting agents, but it also depends to a large extent on our lifestyle. If we focus on the health of the brain, although it is usually affected during the aging process, to a certain extent it is in our hands to stop the deterioration of this organ by performing activities to exercise the mind and avoiding some behaviors that favor the loss of cognitive faculties.
A large number of scientific studies show that sleeping badly is harmful to the brain. One of these studies, carried out by researchers at the University of Toronto (Canada) relates the appearance of cerebral arteriosclerosis with a fragmented sleep, which prevents the correct oxygenation of brain tissues. In particular, it was observed that the risk of suffering from this problem increased by 27% in people who did not sleep in a continuous manner. Another study revealed that sleeping a few hours, or experiencing interruptions during sleep, increases the chances of suffering from Alzheimer’s.
Advice: go to the doctor if you have trouble falling asleep, or you feel that you do not rest well at night but you fall asleep without realizing it during the day because it could be due to a health problem. And do not self-medicate with sleeping drugs, even if they are natural since there are many products that can interact with your medication.
Relating to other people
One of the main problems of the elderly is the loneliness and isolation in which they usually live, which in addition to causing sadness and psychological disorders such as anxiety and depression, harms the brain. In addition, different studies show that staying alone leads to stress, which implies an increase in the production of cortisol, a hormone that promotes inflammation and the development of certain autoimmune diseases.
Tip: Strive to maintain contact with your family and friends. If you do not find it easy to see them often, call them by phone. And do not close the door to new friendships, something you can get by taking classes in gymnastics, dancing, excursions, becoming a member of associations or you can even meet other people through the Internet, for example in the Facebook groups specific to your hobbies.
About Medicare Supplement Plans:
Also mentioned as Medigap plans, they’re particularly beneficial to cover things that are not a part of Original Medicare Part A and B including co-insurance, co-pay and deductible.
Posted on December 24, 2018
How Does Medicare Work
Original Medicare is provided by the federal government. Generally speaking, bills are incurred for each service. For most cases, you can visit a doctor, other health care provider, hospital, or other participating Medicare facility who accept new patients. With a few exceptions, Original Medicare does not insure many requirements. By subscribing to a Medicare prescription (Part D) policy, you can still include insurance for drugs.
With Original Medicare, you do not have to choose a family doctor. In most cases, a referral is not required to consult an Original Medicare specialist, but this specialist will need to register with Medicare. You may already have a union or employer insurance policy that could result in costs not insured by Original Medicare. If this is not the case, you might want to purchase an insurance policy for the Medicare supplement (Medigap).
If you’ve benefited from social benefits before the age of 65, you should automatically receive a notification of your Medicare membership shortly before reaching your 25th month of disability or 65th birthday. Some other people can only apply by making a call or going to social security office to obtain Medicare. If you have not obtained social security or have not registered for a public health policy, you can contact the nearest social security office for more information. Requests for medical assistance could be submitted within 7 months, begining 3 months before the month of the 65th birthday.
It is best to apply in the 3 months preceding the month of your 65th birthday. If a question is submitted during this period, the report begins on the first day of the month of birth. Subsequent application delays the start of services. During the general filing period, you can apply for health insurance. It starts from January 1 to March 31 of each year after reaching 65 years of age.
The insurance protection begins on July 1 of the year of your registration and you pay a 10% charge on the Part B premium for all 12 months for which you are eligible but not registered. If your resources and income are limited, your state can help you pay for Part A or Part B or both. In addition, you can receive additional assistance for your Medicare drug insurance coverage.
If after the age of 65 you are still working or if your spouse is working and you are insured by an Employer Health Policy (EGHP), you can defer enrollment to Part B of Medicare. When you sign up for Medicare Part B, your Medicare Extended Insurance enrollment will be activated at a time when you do not need additional insurance. The 2019 medicare advantage plans are an option for covering your healthcare needs, in addition to medicare supplement plans.
The Late Part B Participation Penalty does not apply if you are insured by an EGHP based on your current or current employment relationship with your spouse. If you work after age 65, at any time before retirement, you can apply for Medicare Part B membership, but you must submit your application after official retirement no later than eight months, which corresponds to the special registration period, in order to prevent a premium penalty.