Health Insurance

How to Plan for the Medicare Annual Enrollment Period

Every year, the Medicare Annual Enrollment Period (AEP) or Open Enrollment kicks off Oct. 15 and closes Dec. 7. Whether you are newly eligible for Medicare or already in a plan, you’ll want to consider several items in preparation for the enrollment period. We outline steps to help ensure you get the most out of your planning. Already Enrolled in Medicare? The Medicare Annual Enrollment Period is an important time for you. Before the AEP starts, it’s always good to review your current needs and anticipate what you might need in the coming year. Perhaps you now need prescription drug coverage.…

Choosing the Right Medicare Coverage

,As you approach age 65, Medicare is on your radar. Medical expenses are one of the biggest costs you’ll face. Making a smart decision about Medicare coverage can do a lot for your health and your wealth. To get started, you will want to make sure you are choosing the right coverage option and considering any extra coverage you may need. But how do you enroll in the plan that keeps you covered at a price point that fits your budget? These steps will show you how to do exactly that. Choosing Between Original Medicare or Medicare Advantage The alphabet…

Understanding Healthcare Costs in Retirement

What to expect to spend on health care in retirement is the big question for future retirees. The reality is there is no simple answer. By understanding estimates of Medicare premiums and other related expenses, as well as some of the ways costs can be reduced, you can start to put some of the pieces of the health care puzzle together. Unpacking Average Healthcare Cost Estimates Several different estimates related to what people can expect to spend on healthcare costs in retirement are out there. One of the most commonly quoted figures is $280,000 from a Fidelity study. Equally staggering…

Understanding Medicare: Parts A Through D

It is never too early for someone to start thinking about healthcare coverage. As you approach age 65, Medicare insurance may be top of mind. Most people in the workforce, or their spouses, have been paying into the Medicare fund for most of their working lives. It is your right and in your best interest to understand what Medicare options you might have coming. Medicare is broken down into four parts — A, B, C and D. Let’s take them letter by letter. Medicare Part A: Inpatient Hospital, Skilled Nursing Home, Home Health and Hospice Care The U.S. Congress enacted…

Obamacare 101: What You Need to Know Before Open Enrollment

Health insurance is a key part of your financial wellness, but nearly half of Americans do not get insurance coverage through work. If you are one of the 44% who has to get healthcare on your own, the process can be a bit confusing. Below is a quick breakdown of how it works and what you should know about the Affordable Care Act before you choose your health coverage for 2017 open enrollment. Affordable Care Act Marketplaces The Affordable Care Act is legislation signed by President Obama on March 23, 2010, that made historic changes in the availability and delivery…

Ask an Agent: What Types of Life Insurance Does SelectQuote Sell?

SelectQuote agent Bethany Bentley tells us a little bit about herself and addresses the frequently asked question of what types of life insurance SelectQuote sell. Bethany, How Long Have You Been a SelectQuote Agent? I’ve been with SelectQuote for three years now. What’s Your Favorite Thing About Being a SelectQuote Agent? I really enjoy helping clients who ate new to term life insurance, because I can walk them through the process from A to Z. Together, we can determine the right level of coverage and term length to fit their needs and goals. From there, I can use my expertise…

Ask an Agent

SelectQuote agent Tiffany Gargano tells us a little bit about herself and addresses the frequently asked question of how SelectQuote chooses the companies it represents. Tiffany, How Long Have You Been a SelectQuote Agent? I’ve been an agent at SelectQuote since September 2011. What’s your Favorite Thing About Being a SelectQuote Agent? Knowing that I’m getting my clients the best prices available to them from the highly-rated insurance companies we represent. How Does SelectQuote Choose the Insurance Companies It Represents? We only represent companies that have high ratings from both A.M. Best and Standard & Poors’. The higher the rating, the…

What Effects Life Expectancy: Factors to Consider

Morbid curiosity aside, there’s a strong case for wanting to know your life expectancy. Estimating how long you’ll live can help you make better financial decisions, especially when it comes to life insurance, social security, annuities, and pensions. Factors affecting life expectancy range from health and lifestyle choices to family medical history and genetics. Answering these five questions will give you a sense of how long you’re likely to live. Do You Have a Family History of Heart Disease, Cancer or Diabetes?  Not only are these medical conditions hereditary, they can shave years off your life expectancy. If your answer…

Understanding the 2015 Medicare Annual Enrollment Period

A very important date is rapidly approaching for those who are 65 or older: October 15, the first day of the 2015 Medicare Annual Enrollment Period. Also known as AEP, this annual event can be confusing – especially to those who have only recently become eligible for Medicare. If you or a family member have questions about AEP, read on for an overview of what it is, when it is, and why it matters. The Annual Enrollment Period Is for Medicare Part C and Part D Once a year, you have a limited time to make changes to your Medicare…

Longevity for Less

Most of us are all too familiar with the standard formula for living a longer life: Don’t smoke, drink only in moderation, eat well, exercise, and get plenty of sleep. While no one can argue with that advice, a specific list of action items tends to be more helpful – especially for those of us who are creatures of habit. Here are five simple – and inexpensive – steps you can take to improve your longevity today. Sit Less Sitting for less than three hours a day can add two years to your life expectancy. A sedentary lifestyle increases your risk…

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