How to Lower Your Medicare Costs During Open Enrollment for 2024
Medicare annual enrollment for 2024 is just around the corner, and there are some significant changes to be aware of. Whether you’re already on Medicare or about to enroll for the first time, it’s crucial to understand how these…
AEP vs. OEP: Understanding the Differences for Medicare
Two essential enrollment periods are the Annual Enrollment Period (AEP) and the Open Enrollment Period (OEP). In this blog, we’ll explore the key differences between these two crucial periods to help you make informed decisions about your Medicare coverage.
Life Insurance Mistakes You Should Be Aware Of
Life insurance is a crucial component of financial planning that provides a financial cushion to your loved ones in case of unforeseen events. However, life insurance details can be complex and difficult to comprehend. This blog aims to highlight…
The Inflation Reduction Act will bring changes to Medicare Part D in 2024 and 2025.
As we enter a new year, it’s essential to stay informed about changes that might affect your healthcare coverage. In 2024, there are some notable updates to Medicare Part B and D that you should be aware of. These…
Understanding Medicare, Veteran Benefits, and TRICARE for Life
As Veterans and military retirees approach age 65, they often face questions about how their VA benefits and TRICARE coverage align with Medicare, which becomes available at that age. This guide seeks to shed light on the key considerations…
Understanding IRMAA: How Income Affects Your Medicare Premiums
Medicare is a healthcare program that provides coverage to millions of Americans aged 65 and older. While most people become eligible for Medicare when they turn 65, some factors, such as higher income, can influence the amount they pay…
Your Child’s Future: The Benefits of IULs and Cash-Value Life Insurance
As parents, we all want to provide the best possible future for our children. One crucial aspect of this is securing their financial well-being. While many parents focus on saving for their children’s education or emergencies, a lesser-known but…
Understanding Health Savings Accounts (HSA) and Medicare
As you approach retirement age, it’s important to understand how Medicare interacts with your health savings account (HSA). HSAs are valuable tools that allow you to save money for medical expenses on a tax-advantaged basis. However, there are specific…
Life Insurance Made Simple: Protecting Your Loved Ones and Securing Your Future
Life insurance is a crucial financial tool that provides protection and peace of mind to individuals and their families. While the topic may seem daunting, understanding life insurance doesn’t have to be rocket science. In this blog, we’ll delve…
The Importance of Legacy Life Insurance for a Worry-Free Future
As we enter the golden years of our lives, it’s natural to reflect on the legacy we want to leave behind for our loved ones. While it may not be the most pleasant topic, it’s crucial to discuss the…
Medicare Made Easy; A step-by-step Guide
Almost 65 and wondering how Medicare works? In this blog, we will discuss the basics; who is eligible for Medicare, how to sign up for Medicare and cover the enrollment periods.
Compound Interest and Fixed Index Annuities Explained
When it comes to planning for retirement, finding investment vehicles that offer growth, stability, and long-term financial security is essential. Fixed Index Annuities (FIAs) have gained popularity as an option that combines these features. What sets FIAs apart is…
Annuities; The Basics, Everything You Need To Know About Annuities
Hello and welcome to Annuity Awareness Month! This is a special time dedicated to raising awareness about the importance of annuities in ensuring a secure financial future during retirement. In today’s world, it’s more important than ever to learn about…
Protecting Your Family’s Future on Mother’s Day and Beyond
Mother’s Day honors and celebrates moms for their selfless love and dedication to their children. While receiving gifts from your kids is heartwarming, this Mother’s Day presents an opportunity to give your children a gift that is meaningful and…
Understanding The SECURE Act 2.0: Retirement Planning in 2023
It is crucial to understand the SECURE Act 2.0 for retirement planning. Staying up-to-date with the latest laws and regulations is essential in making informed decisions about your finances. Congress passed and signed the new law into effect on…
What you need to know about Medicare’s Open Enrollment Period (OEP)
During this period, you can make changes to your Medicare Policy. Let’s review the changes you can and can’t make during this OEP
Missed Your Medicare Enrollment DEADLINE? What to know.
Timing is everything! Generally, if you miss an enrollment deadline, you will need to wait until the general enrollment period (GEP) and most likely pay the penalty. However, there are special enrollment periods (SEP) you might qualify for. If…
How will the new Medicare changes affect you in 2023?
Medicare published some of the new Medicare costs for 2023. This includes the new part B premium and the Part B deductible. There is some good news; the new premium for part B will drop to $164.90 in 2023…
How To Ensure That A Recession Won’t Hurt Your Retirement!
Knowing how much risk you can handle is important to avoid losses and find the best strategy during a recession.
When Is The Best Time To Start Receiving Social Security?
Social Security is one of the few supplemental income sources during retirement that changes each year for inflation. It is important to decide whether you should wait to receive social security benefits.
Better Ways To Protect Your Family Rather Than Sticking To Go-Fund-Me
22,000 open cases are looking to raise money for funeral expenses. The average amount money $2,200 gets raised in those funds, which is not enough. The average funeral nowadays is $8,000. Don’t put your family in the position of…
How To Avoid Part B & D Late Enrollment Fees
* Late Enrollment Penalty part B: Your monthly Part B premium could be 10% higher for every entire 12-month period that you were eligible for Part B.
*Late Enrollment Penalty part D: For each month you delay enrollment in Medicare…
Can Life Insurance Through Your Employer Protect Your Family Financially?
Pros and Cons of Group Life Insurance Through Work. You may need to add an individual life insurance policy to your group insurance policy through work to protect your family financially. It will leave your family with enough money…
Try Not To Make This Retirement Planning Mistake
Long-term care is often overlooked and the costs are underestimated in retirement planning. On top of that long-term care, expenses are growing every year. The possibility of needing help taking care of yourself later in life is probably hard…
Protect your paycheck; make sure you are covered.
Imagine not being able to work for a couple of months. How will you pay for essential costs such as; rent, mortgage, car loans, or groceries. Do you have an emergency fund or insurance in place?
Permanent Versus Term Life Insurance
Term life insurance offers a death benefit for a fixed amount of time (mostly between 5 and 30 years). Permanent life insurance covers you for your whole life and accumulates cash value that can be accessed as a living…
Is a Medicare Advantage PPO plan or Medigap better for your healthcare needs
Are you new to Medicare, or have you noticed that Original Medicare isn’t enough to cover your medical needs but don’t know which policy is best for you? There are many options, and it all depends on your personal…
How to set financial goals in 2022
It is time to review your goals, change things up to keep on track, or set new goals. No one wants to waste time or money on something you can avoid. Creating a financial plan takes a little bit…
You Need To Review Your Medicare Coverage During AEP To Save Money!
During the annual election period (AEP), medicare plan enrollees can reevaluate their coverage and make changes, enroll or dis-enroll from the plan. Your changes will be effective on January 1st, 2021. It is essential to review your existing coverage…
How Will The 2022 Largest Medicare Part B Premium Increase Affect You?
The 2022 Medicare cost at a glance just came out. This includes the new part B premium and the Part B deductible. In 2021 it the premium for part B was $148.50; this price jumped to $170. This is…
What’s better; keeping your Employer’s Health Coverage or Medicare?
Are you still working and 65 or almost 65? Then it’s time to think about your Employer Coverage and Medicare. There are several things to go over because you will have the option to keep your employer coverage, switch…
Is a Medicare Advantage or Medicare Supplement plan better for you?
Not sure which medicare plan to pick? We will try to make this process easier for you. This blog will explain the difference between a Medicare Advantage plan and a Medicare Supplement plan
Which Part Of Medicare Coverage Is Best For Your Needs
Are you getting close to 65 and are trying to understand how Medicare works? Or do you want to change your Medicare plan? Then this blog is for you. In this blog, we will explain the four parts of…