Are you confused by the wide array of Medicare choices you have?  You're not alone.  Here's a brief overview of how Medicare Advantage compares to original Medicare.  With Original Medicare you have Part A for hospitals, Part B for doctors and other medical needs and Part D for prescriptions.  The government charges you a monthly premium for Part B and you also pay an insurance company a premium for a Part D plan.  Most people also pick a Medicare supplement from the available options to cover what Medicare does not pay.  Generally you will pay higher premiums that go up with age but you will likely have less out of pocket expenses if you choose this type of Medicare coverage but you will not have coverage for routine vision and dental care.

If you choose Medicare Advantage your Medicare benefits are provided by a private insurance company and may or may not include prescription coverage.  These plans generally offer very low premiums that do not go up with age but generally you will have higher expenses when you do need care.  They are capped at a yearly max.  You are enrolled for the calendar year and must choose from available options in the county and state you reside in.  Most plans also offer coverage for dental, vision, hearing and over the counter items you need.  There are also options specifically for lower income individuals that can significantly reduce their costs and improve their coverage.

You really need to get expert advice when considering what to do and about whether changing coverage is possible and cost effective for you so don't hesitate to ask me any questions you may have.

We should really talk about that, don't you think?

Did you know that according to the American Cancer Society more than 41% of men and 38% of women will be diagnosed with cancer during their lifetime?*  Do you think that if that happened to you it would be helpful to you to receive a large check in the mail?  And if you could use that money for anything you choose it would really help you with your expenses and widen your care choices, correct?  It is very inexpensive to obtain a policy like that.  I can also help you with family dental coverage and other health insurance needs you may have.

We should really talk about that, don't you think?

What would happen to your family if today was your last day with them?  Have you reviewed whether your existing plans will make sure your family would be OK?  Do not keep putting it off!  It's so important to review things now before our ability to protect our family is lost.  There are nearly endless options and types of plans so don't try to go it alone, I will be happy to match you with a plan customized to your goals and I will shop many companies to save you money.  Final expense policies are inexpensive ways to plan ahead for an expense we all know we will have.  You don't want your family to have to come up with the cash needed on that day.  Having it handled ahead of time will relieve their stress and will protect the legacy you leave behind for future generations.  

We should really talk about that, don't you think?

LONG TERM CARE INSURANCE

I'm sure you have not worked your entire life to see whatever assets you have acquired go towards nursing care rather than your family, am I right? Wouldn't you feel better knowing that your family would benefit from your life's work?  And wouldn't you want access to the best care options and not be impoverished in your final years?  Unfortunately without the right plan in place this happens to many people.  And couldn't you use the tax advantages?

We should really talk about that, don't you think?

How do you plan to care for the income needs for you or your surviving spouse during your retirement years?  Are you worried that you might outlive your income?  Do you ever worry about what could happen if the stock market plummets like it did in 2000 and 2008?  You will sleep easier if you take certain actions now that can protect your retirement savings and income and even provide guaranteed income growth for when you do need to supplement your income.  The best time to take action would be now before you need to use it later on.  Do this simple math equation for me:  If you have $100,000 and lose 50% of it to the market, what rate of return do you need to make just to get back to where you were?  Many people quickly respond "50%."  But actually you have to get 100% growth to make up for a 50% loss.  So when it comes to your nest egg that you have worked your whole life for and you are counting on for your future, would it be more important to prevent losses or risk it for higher potential growth?  The answer seems obvious, doesn't it?  The good news for you is that you can still potentially get reasonable gains without worrying about stock market losses.

We should really talk about that, don't you think?

*American Cancer Society, Cancer Facts and Figures 2017, cancer.org

I guess we have a lot to talk about don't we?  You have questions, I have answers.  Call today!

We can meet in person or over Zoom.  If you live in NE, IA, OK, KS, or MO I am licensed to help you.