Frequently Asked Questions
What does Medicare A and B cover?
What's Covered by Original Medicare (Parts A and B)? Medicare covers services (like lab tests, surgeries and doctor visits) and supplies (like wheelchairs and walkers) considered medically necessary to treat a disease or condition.
What is not covered under Medicare?
Dental exams, most dental care or dentures
Routine eye exams, eyeglasses or contacts
Hearing aids or related exams or services
Most care while traveling outside the United States
Help with bathing, dressing, eating, etc. (custodial care)
Comfort items such as a hospital phone, TV or private room
Most chiropractic services
Acupuncture or other alternative treatments
Routine foot care
What is a Medicare Supplement Plan?
A Medicare Supplement plan, sometimes called “Medigap,” is a private insurance policy that can help pay for some of the health care costs that Medicare doesn't cover. This can include out-of-pocket expenses such as copayments, coinsurance and deductibles.
What is a Medicare Advantage plan? (also called part C)
Medicare Advantage plans can serve as your “one-stop” center for all your health and prescription drug coverage needs. Most Medicare Advantage plans combine medical and Part D prescription drug coverage. Many also coordinate the delivery of added benefits, such as vision, dental, and hearing care.
What is the difference between a Medicare Advantage plan and a Medicare supplement plan?
How do i apply for Medicare?
Who is eligible for Medicare?
Generally, Medicare is available for people age 65 or older, younger people with disabilities and people with End Stage Renal Disease (permanent kidney failure requiring dialysis or transplant). Medicare has two parts, Part A (Hospital Insurance) and Part B (Medicare Insurance).
Do I need life insurance?
What’s the difference between permanent and Term life insurance?
Do I have enough life insurance?
What is final expense Insurance?
Final expense life insurance is a type of permanent life insurance where the death benefit is used to cover medical costs and other end-of-life expenses, most often funeral costs including services like burial or cremation, items like caskets and urns, and more.
What does long term care insurance cover?
Nursing home care
Assisted living facilities
Adult day care services
Who Needs Long-Term Care Insurance?
What is a fixed annuity?
A fixed annuity is a type of annuity contract that allows for the accumulation of funds on a tax-deferred basis. In exchange for a lump sum of money, a life insurance company credits the annuity account with a guaranteed fixed interest rate while guaranteeing the principal investment.
What is a Fixed Indexed Annuity?
A Fixed Indexed Annuity is a tax-favored accumulation product issued by an insurance company. It shares features with fixed deferred interest rate annuities; however, with an indexed annuity, the annual growth is bench-marked to a stock market index (e.g., Nasdaq, NYSE, S&P500) rather than a fixed interest rate, while still guaranteeing the principal investment.
Are annuities good or bad?
Built to offer better returns than CDs (certificates of deposit), fixed and fixed-indexed annuities are a fairly conservative investment. If you are nervous about upcoming market volatility, and want to take some risk off the table, then a fixed or fixed-indexed annuity may be a good option.