Category Archives: Supplemental

MedicareChanges2016

2016 Changes to Medicare

The 2016 Changes to Medicare were found throughout the parts of Medicare.  Since most people do not pay a Part A premium, that change is kind of irrelevant.  There were some changes to what you pay under Part A deductible and coinsurance but none as noteworthy as the Part B changes.  The Part B deductible and Part B premium both changed in 2016.  View the chart below to see the exact differences.

2016-changes-to-medicare

Please note … The standard Part B premium amount if you enroll after 2016 is $121.80 (or higher depending on your income).  However, most people who get Social Security benefits will continue to pay the same Part B premium amount as they paid in 2015. This is because there wasn’t a cost-of-living increase for 2016 Social Security benefits.

You’ll pay a different Part B premium amount if:

You enroll in Part B for the first time in 2016.
You don’t get Social Security benefits.
You’re directly billed for your Part B premiums.
You have Medicare and Medicaid, and Medicaid pays your premiums. (Your state will pay the standard premium amount of $121.80.)
Your modified adjusted gross income as reported on your IRS tax return from 2 years ago is above a certain amount.

How will the 2016 Changes to Medicare effect me?

The 2016 changes to Medicare may effect each person differently.  If you only have Original Medicare, then your overall out-of-pocket costs will be greater.  If you have a Plan F, you may see your actual supplement premium increased.  If you have a Plan C, G, or any other plan that didn’t pay the Part B deductible …  your premium may not have increased as much, but you will notice when you go to the doctor you will pay a little more the first of the year over what you paid last year.   If you have Part C, or a Medicare Advantage Plan, then you may see changes when the plan renews for next year.  Regardless of the specifics, the 2016 changes to Medicare will have some effect on everyone who is on Medicare currently or who will be enrolling.

Need more information?

If you would like to shop for Medicare Supplemental Plans or need help with Medicare give us a call, we will be happy to help 877-740-8683 or locally 936-756-6199.

Didn’t get Obamacare … Look at this

You obamacare strive to make the right choices to ensure a healthy, active lifestyle and a secure financial future.  Yet one day you may face a health crisis – whether it’s a result of an accident or a major illness.

If you missed the annual enrollment for 2014, and you don’t qualify for a special enrollment option, we have a solution!!!  We have a plan that will provide benefits to help you with the expenses associated with a Critical Illnesses PLUS Cancer PLUS Heart Attack/Bypass/Stent/Stroke PLUS Accidents all-in-one!  So you say, oh … it can’t happen to me, right?

CONSIDER THESE FACTS:

  • Men have nearly a 1-in-2 lifetime risk of developing cancer. 1
  • Women have a 1-in-3 lifetime risk of developing cancer. 1
  • 1,300,000 people summer a heart attack each year in the US. 2
  • Nearly 38 MILLION people receive medical attention for an injury each year. 3
  • Accidental Injuries, Cancer & Heart Disease are the TOP 3 KILLERS of people between the ages of 25 and 44. 4

KNOW THE COSTS

  • The total overall cost of cancer in 2007 was $219.2 billion. 4
  • The estimated direct and indirect 2008 cost of coronary heart disease is $156.4 billion. 5
  • The estimated direct and indirect cost of stroke for 2008 is $65.5 billion. 6

                                    $219.2 BILLION

        40 %                                                                       60 %

      DIRECT                                                                 INDIRECT
MEDICAL                                                        OUT-OF-POCKET
COST                                                                       COST

    $89 Billion                                                                            $130.2 Billion

    DOCTOR &                                                             (HIS) LOSS OF INCOME
HOSPITAL BILLS                                                       (HER) LOSS OF INCOME
HOUSE PAYMENTS
CAR PAYMENTS
FOOD
GAS
ELECTRIC BILLS
TELEPHONE BILLS
OTHER LIVING EXPENSES
Not to mention …
TREATMENT COSTS
TRAVEL EXPENSES
MOTEL BILLS
COST OF EATING OUT

How would you pay for out-of-pocket expenses associated
with a critical illness?

If you are like many people, you have few options:

Spend your savings.
Sell your assets.
Buy supplemental insurance to protect your family, finances and future.

We believe you need more “CASH” for personal expenses rather than more INSURANCE for doctors and hospitals.

Your benefits are paid DIRECTLY to YOU ! ! !

Critical Illness Insurance includes these important assurances:

  • Your benefits are paid in addition to any other insurance you carry.
  • You cannot be singled out for a rate increase. Your rates can be increased only if they are increased for all plans of this kind in your state.
  • Your benefits are never reduced.
  • Your policy is guaranteed renewable for life as long as your premiums are paid when due – only you can cancel.

Click here for a quote on Critical Illness + Accident 

 Frequently Asked Questions

Q: What is Supplemental Insurance?

A: Supplemental insurance is extra or additional insurance that helps you pay for out-of-pocket costs that your major medical insurance doesn’t cover. Things such as loss of income, co-pays and co-insurance, travel and lodging, etc. The benefits are paid in cash directly to you so you can use the money however you choose to pay for those unexpected expenses due to illness or injury.

Q: Do I really need supplemental insurance?

Unexpected accidents and illnesses happen. When they do, it can leave you and your family vulnerable to out-of-pocket expenses that major medical insurance does not cover. Supplemental insurance benefits give you piece of mind and reduce the worry about how you will pay for those unexpected expenses. With less worry, you can focus on getting well rather than how you will get the money to pay your light bill.

Q: What happens when I am diagnosed with a critical illness?

A: Filing a claim is easy. You will simply visit our web site to download your claim forms, or call us at 1-877-740-8683 to have them mailed to you.

Q: How can I get supplemental insurance?

A: We make it easy as 1-2-3. 1. Just call us toll-free at 1-877-740-8683. 2. We take the application over the phone in less than 10 minutes. 3. You get your policy in the mail in 1-2 weeks. It’s that easy! Our knowledgable representatives will work with you to identify your protection needs, so you have the coverage you need to help meet those needs.

Q: How do I qualify; do I have to complete a physical?

A: Most people do not have a problem qualifying for critical illness insurance, some cases you can even qualify if you cannot get major medical. There are a few health questions, and no physical is required. Generally, as long as you can answer “No” to the health questions, the coverage is issued and can become effective within 15 days from the date of the application.

Q: What services are covered?

A: Most plans pay cash for things such as:

Lump Sum benefits upon initial diagnosis.
Admission to a hospital
Family lodging for a member of the immediate family
Others

Q: What is generally not covered on a critical illness plan?

A: Most plans will not pay benefits for the following:

Loss diagnosed or caused by another disease or sickness withing the waiting period (waiting periods vary by state)
Loss due to participating in an illegal act or working at an illegal job
Loss due to being intoxicated or under the influence of any illegal drugs or narcotics, prescribed or not
Loss due to self-inflicted injury, or while attempting to commit suicide
Loss due to war, participation in sporting events.

Exclusions and limitations vary by policies by state, so always refer to your policy or outline for applicable exclusions and limitations.

View other supplemental coverages:

Accident
Heart Disease / Heart Attack / Stroke
Cancer
Hospital Indemnity

 

Facts provided by:
1 American Cancer Society, Cancer Facts & Figures 2008, 2008, p.1.
2 American Heart Association/American Stroke Association, Heart Disease and Stroke Statistics, 2008 Update (At-a-Glance Version), p.12.
3 Ibid, p.15.
4 American Cancer Society, Cancer Facts & Figures 2008, 2008, p.3.
5 American Heart Association/American Stroke Association, Heart Disease and Stroke Statistics, 2008 Update (At-a-Glance Version), p.14.
6 Ibid, p.17.

The above facts represent the U.S. population, are for information only and do not imply coverage under the policy or endorsement of the company or the policy by the people and organizations above.

June is National Safety Month-Do you have Accident Coverage?

The National Safety Council says the annual cost of injuries in the US is $753 billion. This includes medical costs, lost wages, and damages. Each year 1 in 8 people will receive medical care due to a non-fatal injury, and accidents are the cause of 33% of all ER visits. Workers comp does a good job of covering accidents at work, but 70% of accidents occur outside the workplace. While most people have Health Insurance, we have found that one of the biggest gaps in both Group and Individual policies, even with the new Health Care Reform, is the ER deductible and co-pay. You can obtain an affordable Accident Policy that helps with these costs for as little as 50 cents a day. Give us a call at 877-740-8683, or visit www.freedomfreequote.com , for a free quote today.

Breast Cancer … are you Screening for it?

breast_cancer

  • Women in the United States get breast cancer more than any other type of cancer except for skin cancer.
  • Breast cancer is second only to lung cancer as a cause of cancer death in women.
  • Breast cancer occurs more often in white women than in black women. However, black women are more likely than white women to die from the disease.
  • Breast cancer occurs in men also, but the number of cases is small.

Read more about breast cancer at www.cancer.gov/

Click here to learn more about plans to help protect your income should you develop cancer.

Cash or Get Well Card for Cancer?

While most people are aware of the increasing risk of developing Cancer, 1 in 2 odds for men, and 1 in 3 for women, many times they are not aware of the devastating costs associated with this disease. In 2010 alone the total cost of Cancer was over $268 billion. Much of the costs associated with Cancer are indirect. Those costs include things like loss of income, travel, and other charges that will never be paid by even the best Health Insurance. With most Americans living paycheck to paycheck, they really aren’t prepared to deal with an extra out of pocket expense. The facts show that people with Cancer are more than 2 1/2 times more likely to go bankrupt than those without Cancer. There are many new and innovative plan designs that help pay cash to an individual when they are diagnosed with Cancer or another Critical Illness. Many of the plans include benefits for Cancer screening, which can lead to early diagnosis, prompt treatment, and better outcomes. While having a benefit that puts money back in your pocket doesn’t make the diagnosis or treatment easier, it is one less thing to worry about, during one of the most stressful times a family can go through. Like I asked one of our customers the other day: If you get diagnosed with Cancer, would you rather we send you a Get Well card, or a check for $20,000? The answer is pretty obvious, and you can purchase a policy like that for around $1 per day. Give us a call at 877-740-8683, or visit www.freedomfreequote.com , for a free personalized quote today.