MEDICARE SUPPLEMENT PLANS
As many people enter retirement they begin using Medicare and shop for coverage to help supplement the areas Medicare does not cover. Understanding what Medicare does cover and does not cover is very important when choosing medical coverage to help supplement Medicare. There are standardized Medicare supplement plans available through many private insurance companies that can help cover medical expenses. It is important to shop around and know which plans are available to cover these medical expenses.
Best Medicare Supplement Plans
- Medicare Supplement Plans
- Medicare Advantage Plans (Part C)
- Prescription Drug Plan (Part D)
- Cancer Hospital Indiemnity Coverage
Long Term Care Insurance
Many people look for coverage to protect their assets from the unforeseen expenses of long term care. Being independent can be very important to many people as they grow older. There are many long term care insurance plans available for those who qualify to help cover the expenses for home health care, assisted living facility care, and even nursing home care.
LTC Insurance Policies
- Traditional Long Term Care Insurance
- Short-term care insurance
- State partnership qualified LTC insurance
Life Insurance
This is one of the most important areas of coverage for all clients. There are many types of life insurance available including whole life insurance, term life insurance, universal life insurance, and single premium life insurance. Each type of coverage works differently and it is important to understand these differences when choosing the right life insurance product. It is important to make sure coverage is in place to take care of final expenses such as burial costs, any unpaid bills, and loss of income. It is also important to have coverage reviewed regularly to make sure beneficiaries are up to date and to determine if the coverage amount is still adequate due to the increased costs of these expenses.
Types of Life Insurance
- Whole Life Insurance
- Final Expense Whole Life Insurance
- Term Life Insurance
- Insurance with Return of Premium
- Single Premium Whole Life Insurance
- Irrevocable Life Insurance Trust
- Accidental Death Insurance
Retirement Income and Savings
Planning ahead can be crucial when it comes to retirement income. Income from Social Security and/or a pension are the sole income for some people in retirement. This makes it very important to make sure that a financial review is done to ensure that money saved for retirement can be used to achieve your goals in retirement. One option to consider is annuities. Annuities can offer the benefits of income tax-deferred growth. It is important to seek advice from a licensed insurance agent to determine if an annuity can benefit your situation.
Annuities
- Fixed Annuities
- Fixed Indexed Annuities
- Single Premium Immediate Annuites
*Green Country Medicare Advisors and its agents are not endorsed or connected with Medicare or the US Government.
For more information go directly to www.medicare.gov