Life

What are Your Medicare Options at Retirement?

If you’re approaching retirement at age 65, now is the time to learn the basics of Medicare. To take full advantage of Medicare benefits in retirement, take time to study your options. The more you know, the better you’ll manage health care costs in your retirement years. How to Enroll in Medicare at Retirement Most people are eligible for Medicare at retirement at age 65. Medicare enrollment steps depend on whether you currently collect Social Security or Railroad Retirement benefits. If you receive either, Medicare enrollment is automatic. If you don’t receive government benefits, you need to actively enroll in Medicare. For…

What is a Medicare Advantage Plan?

If you’re 65 or close in age, you’re likely looking at Medicare options. And if a Medicare Advantage plan is right for you.  Medicare offers many plans and options above the base level, to meet your healthcare needs. At first glance, Medicare can seem complicated. But with the right Medicare insurance agent on your side, it doesn’t have to be. Your licensed SelectQuote agent will walk you through your Medicare options, including who qualifies for free Medicare Part A, the ins and outs of Medicare Parts A, B, C and D, and help you make the best decision based on…

Understanding Medicare Enrollment Periods

Each year there are set times a person can enroll in Medicare or change existing Medicare plans. There are separate enrollment periods for Medicare Parts A and B (Original Medicare) and Medicare Part C (Medicare Advantage). Medicare Enrollment Periods Initial Enrollment Period (IEP) – the first time an eligible person can enroll in Medicare Parts A and B. This timeline begins three months before the month of a person’s 65th birthday and continues through the three months after a person’s 65th birthday. Initial Coverage Election Period (ICEP) – the first time a newly eligible person can enroll in a Medicare…

Umbrella Insurance: When You Need Extra Protection

Just like an umbrella protects you from rain, an umbrella insurance policy is extra coverage if you’re at risk for being sued for damages to other people’s property or injuries caused to others in an accident. An umbrella policy also protects against libel, vandalism, slander and invasion of property. This kind of coverage is beneficial if you’re sued and the settlement amount of your base auto or homeowner policy is exhausted. An umbrella policy can literally protect you from financial ruin in the worst case scenario. Although not for everyone, an umbrella policy, often called “excess liability insurance,” is recommended…

How to Choose Burial Insurance Coverage

Many of us worry about passing the cost of final expenses to our spouse or other loved ones when we die. The National Funeral Directors Association reported the median price of a funeral is $7,360. Even more problematic, statistics show costs are trending up. Between 2004 and 2014, the median cost of an adult funeral rose nearly 29 percent, which sounds reasonable when compared to the 87 percent surge from 1980 to 1989. Topics related to final expenses represent difficult areas to address with family, even with adult children. But engaging them gives you a head start on managing expectations…

Borrowing Money? What Loan is Best for You?

Most people need to borrow money at some point. Americans owe more than $13 trillion in total debt. Borrowing is clearly an expensive proposition for many American families. If you do find yourself borrowing to buy a home, a car, an education, or anything else, it is important to look at the pros and cons. It’s all about making the right long-term decisions and minimizing out-of-pocket costs. Let’s look at what you need to know to best evaluate loan options available to Americans today. Common Types of Loans Loans come in many names and forms. When looking at consumer loans…

How to Get a Better Price on Everything You Buy

Finding the perfect gift for someone is a wonderful feeling. But, for many of us, finding that gift at a great price adds a little extra fun to the experience. It has nothing to do with a lack of generosity, it’s just something we seem to have in our DNA—if we don’t get a bargain, there’s something unsatisfying about the whole thing. The holiday shopping season is a particularly stressful time for shoppers whose favorite sport is finding the best deal on absolutely everything. Of course, that kind of frustration isn’t unique to the holidays or gift-giving; there are plenty…

How Your Life Insurance Quote is Determined

Life insurance plays an important role in protecting your loved ones from financial burden. Single or married, in your 20s and 30s or older, with kids or without, most people benefit from some level of life insurance. However, the perceived cost often holds people back from buying a life insurance policy. It’s assumed life insurance is expensive. A misconception that’s untrue for many people. How are Life Insurance Quotes Determined? The process of getting a life insurance quote is simple. You’ll start by filling out a questionnaire. This helps your SelectQuote agent provide a side-by-side comparison of prices from highly…

Disaster Strikes Your Second Home: Are You Prepared?

Once you decide you’re financially ready to buy a vacation home, one important step is insuring your new pad. It’s different than buying insurance for a primary residence. Factors such as where it’s located, who stays there and what amenities are available will help determine your home insurance needs. Your Vacation Home Versus Mother Nature For many people, the whole idea of a vacation home is to be closer to a sandy beach or among the crisp mountain air. That perfect location for rest and relaxation may come with some additional insurance costs. Hurricane season and intense rainstorms underscore the…

Top 7 Questions to Ask When Shopping for Medicare

Cake. Balloons. Medicare?! Your 65 birthday represents a milestone in your retirement. When you turn 65 it’s your golden opportunity to select a Medicare plan to meet your needs. Medicare may seem complicated at first glance, but it doesn’t have to be. The help of a knowledgeable SelectQuote agent removes uncertainty when shopping for Medicare. He or she will simplify the process for your current and long-term healthcare needs. When purchasing your Medicare plan, it’s important to consider the plan premium and the value it provides. “Think about your healthcare long term,” advised David Perlberg, a licensed SelectQuote insurance sales…

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