The Availability Of Short-Term Health Insurance In Every States

Is Short-Term Health Insurance Plans Available In The States Your Living? How It Differs From Every Location

Short-term health insurance is insurance coverage that has a limited duration and limited coverage. These plans can be an affordable solution if you don’t want all the essential benefits available in a comprehensive Affordable Care Act.

Short-term health insurance is available in most states which can differ in term lengths, but, these plans aren’t available everywhere. With the recent rolled back in federal regulations, the restriction of short-term plans, which is used to be limited to three months.

The new rules allow the policyholder to keep their short-term coverage for up to one year with the option to renew the coverage for up to two years, which also depends on the state you’re living in.

The good thing about the short-term plan is you can apply for this coverage at any time because there is no enrollment period and you can get your coverage as soon as the very next day. Short-term plan regulations may change depending on one state to another. Some states allow the policyholder to keep their plan up to three years while others have tighter restrictions.

Although health insurance is no longer mandatory on a federal level, some states implement an individual mandate on a state level. This means you might be required to have qualifying health insurance coverage depending on the state you live in.

Some states may have you pay a penalty if you can afford health insurance but you choose not to buy. These are applicable to the residents of:

• California
• Massachusetts
• New Jersey
• Rhode Island
• Vermont
• Washington, D.C.

States That Allows Short-Term Health Insurance

Each state has its own insurance rules and regulations, meaning even in states where short-term plans are available, the law that regulates it may vary from one state to another. For example, some states will allow you to keep short-term coverage up to one year and you can renew your plan as many as two times. While other states have stricter rules that allow you to keep your plans for three months and do not allow renewals. As we said, it depends on the location you live.

Lists of states where short-term health insurance are available:

• Alabama
• Alaska
• Arizona
• Arkansas
• Delaware
• District of Columbia
• Florida
• Georgia
• Idaho
• Illinois
• Indiana
• Iowa
• Kansas
• Kentucky
• Louisiana
• Maryland
• Michigan
• Minnesota
• Mississippi
• Missouri

• Montana
• Nebraska
• Nevada
• New Hampshire
• North Carolina
• North Dakota
• Ohio
• Oklahoma
• Oregon
• Pennsylvania
• South Carolina
• South Dakota
• Tennessee
• Texas
• Utah
• Virginia
• Washington
• West Virginia
• Wisconsin
• Wyoming

States That Short-Term Health Insurance Is Not Available

Because the rules of short-term plans are so strict that insurance providers won’t sell them or don’t allow the sale of short-term plans completely. You can’t get this coverage if you’re a citizen of:

• California
• Colorado
• Connecticut
• Hawaii
• Massachusetts
• Maine
• New Mexico
• New York
• New Jersey
• Rhode Island
• Vermont

Although short-term health insurance plans are limited to some states, here in Idaho the availability of the plans is comprehensive. Short-term insurance can be a good option for your situation, it is often worthy for those individuals looking for a health plan in case of emergency or immediate coverage. Make sure you are aware of the components and exclusions of these plans, so you can get the most out of them.

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Short Term Health Insurance Coverage Availability | How Insurance Laws Differ From Every States

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Is It Mandatory To Sign up For Medicare When You Reach 65?

Find Out If The Medicare Coverage Is Mandatory When You Turn 65

As an Insurance & Medicare Broker, it is common for me to hear a question about “is it mandatory to sign up for Medicare at 65?” or another related question I also hear is “do I have to sign up for Medicare at 65 even if I’m still working?” .

To make your mind at ease about Medicare, I will answer the following questions with details, so you will be able to understand how Medicare works and as a US citizen are you required to have this?

Medicare eligibility starts at the age of 65, it is a federal benefit that you pay through your taxes during your working years.

People with certain disabilities may be eligible for Medicare. While Medicare isn’t necessarily mandatory-you can opt-out of signing up for this, but you may lose your benefits. Enrolling on time can help you avoid penalties.

People who refuse Medicare coverage initially may have to pay a penalty if they decide to enroll in Medicare later in life.

Do you need to sign up for Medicare at 65, even if I’m still working?

Normally, seniors are advised to sign up for Medicare when they first get eligible for Medicare to avoid extra charges and penalties that could be quite costly throughout retirement. If you’re still working at the age of 65, few different rules apply.

Many seniors are no longer working at the age of 65, but if you’re still working at that age, you have coverage under group health through your employer with 20 or more employees, then you may delay enrolling in Medicare. But if your employer has fewer than 20 employees, you need to take Medicare Part A and, because this will be your primary insurance.

What will happen if you don’t enroll?

Your employer plan may pay less or nothing at all -for your care when they find out. Some employers don’t continue to offer a health plan for former employees once they find out that they’re 65. So make sure you’re aware of the employer’s rule regarding Medicare. 

That being said, it is often to pays to enroll in Medicare Part A on time, even if you have health coverage already. It won’t cost you anything, and this way Medicare may serve you as your secondary health insurance . It will potentially help you fill the gap for anything your primary insurance (employer’s plan) doesn’t cover. 

It is advisable to enroll on Medicare Part A, so you don’t have to worry about the premium surcharges. You can always reject your Medicare enrollment for Part B which will take monthly premiums. Delaying Part B because you were covered under your employer’s health plan or your spouse’s health plan may avoid the late enrollment penalty.

I hope I answered your questions thoroughly. And this article will help you understand how Medicare works for seniors working or retired. You can always have your options when it comes to enrollment, you just need to consider the consequences like extra charges and penalty when you decide to enroll later.

Again Medicare is not mandatory, but as we grow older we tend to have an illness we never experienced before. Our body may not have a strong immune system and seniors become more prone to every disease in the environment. That is why it is better to prepare ourselves for this by signing up for Medicare coverage , so we can get help in the time we need it.

And we can get the care we deserve. We are not getting younger, we are aging as years go by. There’s nothing wrong with preparing, remember that prevention is always better than cure.

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6 Situation Most People Experience Why They Choose Short-Term Health Insurance

Situation The Let People Decide On Buying Short-Term Health Plans

Short-term health insurance plans are meant to be used as temporary insurance coverage gaps. Many people are turning to short-term insurance because they think that it is less expensive than other health insurance plans.

Little did they know, short-term coverage has many restrictions and exclusions. Like they might have not covered the essentials benefits, or they have the restrictive maximum limits. Aside from that, they also have high copays and deductibles, or do not cover pre-existing conditions.

Even though they have much difference between the other health plans, it is best to understand short-term plans and their components before deciding to go shopping for one.

Although this plan is limited and has its disadvantages, they are several situations you need to consider before buying short-term plans instead of going to the ACA marketplace. Below here are the 6 situations you have to understand to be able to determine that a short-term plan is right for you.

1. Filling insurance coverage gaps between your employer coverage and your next job.

• It is a wise decision to secure yourself with temporary health coverage while waiting for you to land on your next job. When you’re unemployed and you think that you can get a job right away. It is tempting to wait it out and remain uninsured, especially if you have a tight income that paying monthly premiums for health plans can break the bank. But as the saying goes, prevention is better than cure. If unexpected medical bills fall out on you and you are uninsured, this might cause you much more than paying monthly premiums.

   2. You’re in an employer waiting period.

• In some jobs, there is a 90 days waiting period before a new employee becomes eligible for the employer's health insurance benefit package. Or sometimes it could be as short as a few weeks.

  3. You’ve missed the initial enrollment period.

• We understand that life gets busy. We often forget something like the open enrollment period for health insurance. It is an excellent choice to enroll yourself in a short-term plan while waiting for the open enrollment period. Having coverage in a short period will give you peace of mind.

  4. You’re eligible for a Special Enrollment period but waiting for coverage to begin.

• Another tempting situation that might leave you uninsured is if you’re qualified for a special enrollment period. It is better to stay protected in the meantime while you’re waiting for you to enroll.

  5. Early retirement and don’t yet qualify for Medicare.

• Don’t risk your retirement savings waiting to get qualify for Medicare, consider buying short-term health insurance is a temporary option especially for those people who retire early and waiting for Medicare eligibility.

  6. You’re exempt from Obamacare.

• Even though health insurance in most states is not required. Don’t gamble your life and future.

As you experience any of these situations, looking for temporary coverage to fill in your needs might help you later in life. It is always worth it to have security and protection especially these days and the COVID-19 pandemic is hitting globally. Don’t take a risk on your life and future, give yourself the peace of mi nd you deserve.

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6 Situation You Need To Consider When Buying For A Short Term Health Insurance Coverage - Explained

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Boise Idaho Health Insurance Options

Finding The Affordable Coverage For Your Healthcare Needs And Demands

Nowadays, it is difficult to find health insurance options with reasonable prices and the right amount of coverage. Everyone deserves coverage that works for their needs and budget.

Health insurance in Idaho offers plans for affordable health coverage that provides financial peace of mind.

With so many different options to choose from in the health insurance marketplace, deciding on the right health insurance plans can be complicated. But with changing the law about insurance and the cost of the coverage a rise.

Although there are some changes in the law about insurance, they still cover the most essential benefits of an individual such as medical, surgical, and hospital expenses, and sometimes cover prescription drugs. Some policies also offer preventive health care, immunization, and dental coverage.

HEALTH INSURANCE OPTIONS IN IDAHO

Health insurance marketplace offers different types of coverage and these include:

• Fee-For-Service (FFS) is an insurance plan in which a medical professional is paid for the services provided to the patients. This can be used for out-patients and in-patients, whether these are individual providers or provider facilities.

• Health Maintenance Organization (HMO) is an insurance plan that gives a local network of participating doctors, hospitals, and other healthcare professionals. This coverage may also require the need of referral before seeing specialists or other healthcare professionals.

• Preferred Provider Organizations (PPO) an insurance plans that offer flexibility. Unlike HMO that needs a list of providers, PPO doesn’t need a primary care professional, you can go to any healthcare provider you choose. But it is best to stay inside the network so you will have lower out-of-pocket costs.

• Point-Of-Service (POS) plans that include the features of HMO and PPO benefits, plus the ability to go outside the contracted network for certain health care services. It provides a lower cost for in-network care. 

These are usually the health insurance plans in Idaho. If you’re planning to get an insurance plan you will need to wait for Idaho Health Insurance Open Enrollment 2021 which ran from November 1 through December 15, 2021. While waiting for the enrollment period, you can search and compare quotes from the different carriers to find the right plans for you and your family.

While some other companies offer health insurance plans, you can check out Blue Cross of Idaho . It is one of the biggest and oldest insurance companies in Idaho that offers numerous health insurance options and plans. They provide affordable medical insurance plans. And you can also buy affordable health care coverage from them. 

SHOPPING FOR HEALTH PLANS

Shopping for health insurance comes from many different coverage and categories.

A. Individual and Family Plans

These plans offer coverage to unemployed and self-employed individuals and even students. These policies are sold by brokers or insurance companies.

B. Employer Group Plans

A policy that provides coverage for employees and their loved ones. It is specially designed to provide coverage to every employee provided by their employer as part of their benefits package.

C. Medicare Advantage Plans

Are normally HMO and PPO that will cover all healthcare under Original Medicare may also include extra benefits.

D. Medicare Supplements

This plan helps you fill the gaps between Medicare.

When shopping for health insurance make sure you buy coverage that will co ver your healthcare necessities. Buying insurance that is right for you will help you save a lot of money in the time you need it. Be sure to be well-informed about the components and other factors so that you can determine that the policies you choose are the best deals for your needs.

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Idaho Medicare Plans | LIS Extra Help | SHIBA

Extra Help & LIS - Get Help With Medicare Cost's

Hello.

This is Chris with Chris Antrim Insurance . Today we are going to be talking a little bit about Medicare.

I'm just gonna do a real quick video for you today. 

So I get asked a lot about certain state and federal programs that you can take advantage of with Medicare and it's based upon your income and assets.

So there's a couple of different programs, there's extra help and then there are the Medicare savings programs.

So I want to give you a video so you can go and do your own research and look into these.

The first thing you want to do is just go to the Department of Insurance , Idaho Department of Insurance.

You can google just google Idaho Department of Insurance and it's going to be that first link that pops up for you.

And this is the website here.

Okay, so lots of good information here, but you're gonna want to come right here to Medicare, click on that and you're going to have lots of great stuff here new to Medicare. 

If you're just turning 65 there's a lot of confusing confusion and you're probably getting bombarded, but here it is, it's called SHIBA and it's SHIBA home click on that.

Okay, and then here you go.

So here's the Great Shoppers guide American Medicare here.

Right, But you come in here and then here's your SHIBA home, and then um it's right here may occur, tools.

Yeah, so save money on Medicare.

So you see I come in here all the time that I still have to look for.

It saves money on Medicare, So there are lots of good tools in your, save money on Medicare is what you want, and then here you go. 

Okay, and what I do is um I just click these open here, uh and I actually have this in a nice pdf, if you would like me to send this to you so you have it and I can just email that to you.

So here it just walks you through the whole program, Right?

Extra help.

It's a federal program and it helps with your prescription drug costs.

So if you have some health issues with some pricey drugs and we're going to look at your income and assets down here in a sec, this can help you pay for those copays and deductibles, and most importantly it can possibly help get you and eliminate the doughnut hole.

Okay?

That is the part where you got to pay a majority of the premiums.

And then you've got Medicare savings programs which will help you pay your part A. And B. Premium.

All right. So now here's a couple of things here.

Here's the Extra Help program.

And here's the Medicare savings program.

Here are the income levels that you have to qualify for.

So I'm not going to walk through these.

You can read these and then the assets down here, they're going to talk to you about.

Okay?

So what is an asset?

It does include money in the bank accounts, stocks, bonds, real estate, okay?

Um, but your home, one car, personal possessions, uh, in a burial plot.

And 1500 accounts are not counted now married couples.

Right?

And you can see it here.

So it's a family-sized individual, married couple for both the Extra Help and for the Medicare savings program.

So, extra Help.

You can have a little bit more monthly income and assets with extra help than you can with the Medicare savings program.

All right.

So that's where we always kind of start to see there.

And then down here.

How do we apply?

Well?

Extra help is uh done with Social Security.

So, anyway, folks, I hope that helps you out today and call me with any questions and we can help you out.

Thank you so much.

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Four Types Of Insurance Coverage An Individual Needs

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Accidents and unexpected life-events usually can’t be prevented from happening, but we can get protection from them.

Insurance is specially designed to shield us or at least safeguard us financially when certain things happen. As you know insurance has numerous options you can choose from, but it doesn’t mean you need to have them all. 

Purchasing the right amount of coverage and type of plans are always determined by the specific situations. It is difficult to determine the insurance coverage you really need.

However, according to financial experts, these types of insurance are the most recommended. Everyone should all have life, health, auto, and long-term disability.

This article will help you determine what insurance is a must-have. We’re going to explain to you why these four are the essentials coverage everyone needs.

4 Types Of Insurance Everyone Must Have

1. Life Insurance

One of the greatest benefits of life insurance is the ability to cover the final expenses, which are funeral expenses, and provide a death benefit for those loved ones you leave behind. It is must-have insurance especially if you have a family that relies only on your income. Experts say that get a policy that covers ten times your yearly income, but that’s a number not everyone can afford.

When calculating the amount of life insurance you need, remember to add daily living expenses on your estimation, not just the funeral expenses. These daily expenses include mortgage payments, outstanding loans, taxes, child care, and future college expenses. There are two types of life insurance you can choose from traditional whole life and short-term life. If you consider having life insurance, you can seek advice from financial experts or insurance agents to determine which is the best coverage for you.

  2. Health Insurance

According to a study by the American Journal of Public Health in 2019, the majority of Americans who filed for personal bankruptcy are because of medical problems, due to bills, income loss due to illness, or both. Health insurance has become expensive these days, fewer and fewer people can afford it. If you are one of the people who can’t afford it, the best and least expensive option is by participating in your employer’s insurance program.

But sometimes, smaller businesses do not offer this kind of benefit. You can check with trade organizations or associations for possible group health plans if your employer doesn’t offer health insurance benefits. If also this is not an option, You’ll be needing to buy health insurance on your own.

  3. Long-Term Disability

This is the type of insurance everyone thinks they don’t need. The least coverage everyone will acquire. But according to a statistic from the Social Security Administration, 1 out 4 workers entering the workforce will most likely become disable and will be unable to continue to work before they reach the retirement age.

Sometimes, even those workers who have the best insurance life and health policy don’t prepare for that day. 95% of the number of disability accidents illnesses that are not work-related. Meaning, while your health insurance covers most of your medical expenses, you’re still left with those daily living expenses that your paycheck normally covers. Most employers offer both short and long-term disability as part of the benefits package.

  4. Auto Insurance

The number one cause of death for Americans between the age of 5 and 24 was car accidents. There are 38,000 people estimated who died in car crashes in 2019 alone. While not all states require drivers to have auto insurance, most do have regulations regarding financial responsibility in the event of accidents.

The bottom line is most financial experts agree that these four insurance coverage are the four types of insurance everyone must have. If you are one of the people who cannot afford any of this, check your employer’s available coverage. If not, the last option is to get your own coverage.

But at Boise Health & Life Insurance Agency , we recommend obtaining quotes from several insurance carriers to compare them and give you the best plans for you with the right amount. While insuranc e is expensive, not having it could be more costly.

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4 Types Of Insurance Everyone Must Have - Boise Health & Life Insurance Agency With Chris Antrim

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Why Choose Medicare Advantage Plan - The Benefits Of Medicare Advantage Plan

Learn More About The Comprehensive Benefits Of Medicare Advantage Plans

Medicare Advantage Plans is one of the coverages many Americans choose because it takes the place of your Original Medicare and will provide extensive healthcare benefits, like dental checkups, hearing and vision loss, and more.

If you are still confused about the Medicare Advantage, we’re giving you enough reasons why you should consider getting Medicare Part C.

There a lot of reasons why Medicare Part C is in demand in the US, and here is why:

4 Benefits Of Medicare Advantage Plan

1. Comprehensive coverage.

One of the best reasons why Medicare Advantage is in demand is because it provides comprehensive benefits to every member. Such as dental, hearing, vision, fitness and gym membership, and even drug prescription. While Original Medicare covers essential medical needs, with Medicare Advantage you can get coverage from all elements of Medicare which is Part A, B, and D. Plus, Medicare Part C covers all the benefits of Original Medicare which is Part A and B. This will help you by keeping you protected in case of unexpected illness and injuries.

   2. Convenience.

Since Medicare advantage is offered by private insurance companies, the coverage allows you to choose your benefits. Giving you the convenience of a single plan or “one-stop-shop” coverage for all your medical and prescription drugs.

  3. Emergency Care Or Urgent Care.

This plan must offer emergency and urgent care coverage outside the plan's service area throughout the United States, meaning if you need emergency or urgent care you'll be covered nationwide.

  4. Cost Less.

Medicare Advantage plan can be less expensive than your comparable coverage you’ll receive if you stayed on your Original Medicare coverage. Original Medicare may be needing you to enroll on a stand-alone coverage if you need coverage for a prescription drug plan which is Medicare Part D as well as Medicare Supplement plan.

You may think that the Medicare Advantage plan is expensive, but when it comes to healthcare benefits you're going to receive when you enroll in this is wide and huge. You cannot ensure that you’re going to be healthy later in life, that is why having Medicare is vital for everyone. As you consider enrolling in Medicare Part C, you can always ask or email Chris Antrim with your insurance questions.

Boise Health & Life Insurance Agency is also a one-stop-shop offering Life, Health, Medicare, Medicare Supplements Insurance , and more. Our goal is to give our clients coverage that is right for them. By finding a lower premium and best plan at the right cost. You can also visit our website and shop for our services to see available plans for you.

If you want a better and fast transaction you can always call us with our phone number or shoot us an email through cpantrim@gmail.com . We are all ears when it comes to our client’s insurance inquiries, needs, and questions.

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Does Medicare Advantage Plan Is The right Coverage For You? | Benefits Of Medicare Advantage

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Does Your Health Insurance Plan Is Right For You?

Finding The Right Policies & Coverage For Your Situation

With numerous plans available in the market, it is difficult to determine what is the right plan for your needs and budget. You may be wondering what coverage will suit your lifestyle and healthcare demands. Luckily, we are here to guide you in choosing the best health insurance coverage.

Below are some quality, affordable, and best insurance most people purchase. As you know health insurance in Idaho is split into three different metal tiers: bronze, silver, and gold. All tiers cover all the essential health benefits but it would differ on the amount you pay for that care.

The Bronze tier has the cheapest monthly premiums but has the highest deductibles and out-of-pocket maximums. While the Silver and Gold tier have more expensive premiums but much lower deductibles.

Finding The Best Health Insurance

Age is the most influential factor you need to consider when determining your insurance rates. As you experience it, health insurance costs are higher and expensive for those older enrollees. The right health insurance for you will vary on the availability of plans in your area, as well as your health and financial status.

GOLD (Excellent choice for an individual with high expected medical costs)

Gold tier is the most expensive insurance plan in the Idaho market in terms of monthly premiums. Even so, these plans can be cost-effective if you have a lot of medical costs due to lower deductibles and out-of-pocket limits. It is a good choice if you’re willing to pay more each month to cover more costs when you get medical treatment. If you use a lot of treatment and care, the gold plan is an excellent pick for you.

* Navigator Gold 2500 is the cheapest Gold plan in Idaho.

SILVER (Recommended tier with affordable premiums and average deductibles)

Silver tier is most recommended in most situations since these insurance policies have moderate monthly premiums and moderate costs when you need care. The silver plan is also allowed for cost-sharing reductions if your household income falls below 250% of the federal poverty level. It is a good choice for individuals who are looking for a balance of the cost of monthly premiums and out-of-pocket expenses.

* CPN North Central silver 6000 is among the cheapest plans you can purchase under the Silver metal tier.

BRONZE (Good choice for low income and healthy applicants)

The cheapest tier among the three-tiers and the health insurance market. The bronze tier offers low monthly premiums but the highest deductibles and out-of-pocket maximums. Bronze plan deductibles mean you would spend a lot of medical expenses by yourself before the insurance kicks off. Best for an individual who wants to protect themselves from a low-cost way. 

* CPN North Central Bronze 7300 is the cheapest plan for the Bronze tier.

When evaluating health insurance plans, it is best to begin by comparing policy premiums and out-of-pocket limits to every insurance provider, determine what is the best deal for your situation and financial status. Normally, if you consider having moderate to high medical expenses throughout the year, then the best advice for that is to buy an upper-tier policy that allows smaller deductibles but more on premiums.

Considering the age when you apply for health insurance because younger people are slightly to get sick than older people that are prone to diseases.

If you want to know more about other health insurance options, you can reach out to Chris Antrim , he has extensive knowledge of health, life, and even Medicare insurance . He can surely broaden your options along with your insurance choices.

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Determining The Right Coverage For Your Healthcare & Financial Situation | Health Insurance in Idaho

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Who Is Qualify For Medicare - Boise Idaho Medicare Eligibility

Determining If You Meet The Criteria To Get Eligible For Medicare Health Plans

Normally, you’re qualified for Medicare coverage if you’re people age 65 or older, younger people with disabilities, or people with chronic diseases.

These are usually the situations before you get qualified for Medicare, even though you are at least one of the following, Medicare doesn’t automatically qualify you.

To determine if you’re eligible for Medicare coverage, in this article we’re going to discuss the requirement you must meet certain criteria in order to apply for coverage.

Who’s Eligible For Medicare

• Medicare Eligibility For Part A & Part B

To get qualified for Original Medicare you must be a U.S. citizen or a permanent legal resident for at least 5-five continuous years. You must meet at least one of these requirements to get Medicare eligibility:

A. Must be age 65 or older and eligible for Social Security

You may get automatically enrolled in Part A when you reach age 65 and already qualify from Social Security. In addition, you may automatically qualify for Part A and Part B if you’re already receiving benefits from Social Security or the Railroad Retirement Board (BRB), starting the first day of the month you turn 65.

B. Must be disabled and receive disability benefits

Another situation you may get automatically enrolled in Original Medicare: when you have a permanent disability which you receive disability benefits from Social Security for at least 24 months. Or certain disability benefits from the BRB for also 24 months.

C. Have an End-stage Renal disease or permanent kidney failure

Usually, if you have a chronic disease that requires dialysis treatment or kidney transplant, you need to sign up for Medicare as your enrollment isn’t automatic.

D. Have Lou Gehrig’s disease

You’ll be eligible for Medicare and will automatically enroll in Medicare Part A & Part B if you are diagnosed with Amyotrophic Lateral Sclerosis or ALS on the first day of the month you start receiving disability benefits. Unlike other disabilities that wait 24 months to get eligible for Medicare.

• Medicare Eligibility For Part C

Medicare Advantage plan or Part C is an alternative way to get Medicare Part A and Part B. You can also purchase Part C through private insurance. To be eligible for Medicare Advantage, you must reside within the service area and must be enrolled in Original Medicare.

Medicare Part C is optional, there is no penalty for not signing up. But you must have Part a and Part B to get Part C and especially live within the service area.

• Medicare Eligibility For Part D

Part D covers prescription drugs, and like Part C it is available through private insurance that is approved by Medicare. To be qualified for enrollment in a prescription drug plan you must have Medicare Part A and B and live within the service area. Medicare Part D is a stand-alone plan if you have Original Medicare or a Medicare Advantage plan that comes with prescription drugs.

• Medicare Supplements

Medicare Supplements or Medigap is also available at private insurance companies. To be eligible for Medigap you must enroll in Original Medicare Part A and B because Medigap doesn’t work with Medicare part C or Medicare Advantage plan. And you must also consider the service area of where you're living.

To find out more about your Medicare eligibility and health plans, you can visit medicare.gov they offer eligibility tools you use to see if you’re qualified for any Medicare plans.

Comparing your Medicare plans into different companies will help you determine the expected monthly premiums and what are the best deals for your needs and situations. You can also ask our Insurance & Medicare Broker Chris Antrim, he can help you stretch out your options about your Medicare health plans .

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Original post here: Who Is Qualify For Medicare - Boise Idaho Medicare Eligibility

How To Get Qualify For Medicare Plans | What Are The Requirement to Get Medicare Eligibility

Watch on YouTube here: How To Get Qualify For Medicare Plans | What Are The Requirement to Get Medicare Eligibility
Originally published by Boise Health & Life Insurance Agency

Liability Insurance | How Do Your Prepare Yourself For Accident

Liability 101 - Insurance = Taking Care Of The Other Person

Liability insurance is what states require you to carry when driving a car. Your auto insurance policy has two types of liability coverage on it:

Well, if you want to know more about liability insurance, you can check out Amy Gatherum - Allstate Insurance website. She has the knowledge and expertise when it comes to this matter. She would go beyond just to stretch your options about this type of insurance.

A). Bodily Injury (BI)  

Idaho’s minimum liability limits for Bodily Injury are $25,000/$50,000.  This means that if "you" caused an accident and the " other  person" was injured, your insurance would pay up to $25,000 for their injuries.

If there was more than one "other person" hurt, your insurance would pay up to $25,000 for their injuries too, but it will stop paying out on injuries for all those "other person" once the total bill hits $50,000.

B) Property Damage (PD)  

Idaho’s minimum liability limit for Property Damage is $15,000.  "You" hit the "other person's" car, house, garage, mailbox, etc. your insurance will pay up to $15,000 to repair or make a settlement to replace the damaged/destroyed property.     

When you are reading your policy and verifying coverage (because hey, it is good to know what you have) the liability limits might show like this:

25/50/15.

Listen , hospital bills can add up quickly and car repairs can too. Because of this, carrying state minimums should make you shudder.

Please shudder. Why?

You could be on the hook for any repairs (body/auto, etc.) that go over the limits your policy pays.   

Be happy if you see these types of liability limits on your policy:

100/300/100 or,

even better, 250/500/250.

Preparing for something like this has a greater impact not just on your name but also on the other person you involved in your car accident. If you accidentally hit someone or something, please be responsible for the damage you caused to them.

Thank you for reading! Hope you learn something.

Original post here: Liability Insurance | How Do Your Prepare Yourself For Accident

Liability Insurance - Taking Care Of The Other Person | Preparing Yourself For A Car Accident

Watch on YouTube here: Liability Insurance - Taking Care Of The Other Person | Preparing Yourself For A Car Accident
Originally published by Boise Health & Life Insurance Agency

Long-Term Care Insurance Policy In Boise Idaho

Understanding Long-Term Care Insurance Policy

Growing old is the hardest part of being a human. You tend to have a weaker body to do your normal stuff like bathing, eating, dressing, and even going in or out of the bed and toilet. When this happens chances are you’ll need some help in taking care of yourself. The biggest question is: how can you afford to pay for it?

One way to prepare for this is by buying long-term care insurance . Long-term care insuranc e (LTC) is an insurance product, sold by the United State, United Kingdom, and Canada that provides nursing-home care, home health care, and personal or adult daycare. This policy helps cover the cost of that care when you cannot take care of yourself due to aging, a car accident, and having a medical condition.

There are two types of services long-term care cover: custodial care is supported with personal tasks like bathing, eating, and going in or out in bed. And skilled care is a support with a medical professional such as a nurse or therapist.

Most people think that this type of insurance is taking place in a nursing home. Yes! But such care can extend and happen in a variety of places and location such as:

• Your home.
• An assisted living facility.
• An adult daycare center.

While the cost of long-term care is different from every state, considering the costs is an important part of any long-range financial plan, especially if you’re in your 50s and beyond. It is not a good idea to buy insurance if you already need care. You won’t qualify for long-term care if you already have a debilitating condition. The perfect time for this insurance is when you’re in the mid-50s to mid-60s.

If you think that long-term care insurance is the right choice in your situation or preferences. It is essential to learn more about the policy before you go shopping.

Reasons to Buy Long-Term Care Insurance

When you decide on buying long-term care insurance it is important to consider why you need this policy. In 2016 half of 65-years old people will eventually develop a disability and will need some long-term care. Most of it will need care for less than two years, while the remaining 14% will require care for more than five years, says Urban Institution and the U.S. Department and Health and Human Services.

If you still haven’t considered long-term care insurance because you think that your regular health insurance or employer’s health plan or Medicare can back you up. You will see yourself short when it comes to the time that you need to cover expenses for an extended time. Because your regular health insurance and Medicare don’t cover long-term care policy. Medicare covers a limited amount of nursing home stay or home health care. It does not cover custodial care, which includes supervision and helps with daily routine.

If you don’t have insurance coverage to cover this policy, you’ll need to pay for it yourself. But there is another way you can get help from Medicaid, an insurance program for those with low incomes, only after you exhausted most of your savings.

Most people buy long-term care policy because of two reasons:

1. To protect their savings. The costs of long-term insurance can lower the retirement life savings quickly. The insurance cost is expensive and without proper planning, it can quickly use up your entire savings.
2. Freedom of choice for your care. Having this type of coverage can give access to choosing a better quality of care. If you have this policy, you will have the ability to choose how and where you want to receive care.

Where To Shop Long-Term Care Insurance?

In today’s, shopping for long-term care is easy because many agents work primarily with insurance companies and it has several to choose from. Genworth is a company that traditionally sells long-term care. Aside from this, a new breed of life and long-term care policy stepped in to dominate the market.

Here are the lists where you can purchase long-term coverage:

1. Genworth Financial.
2. Mass Mutual.
3. Transamerica.
4. State Farm.
5. Mutual Of Omaha. 
6. Bankers Life & Casualty.
7. New York Life.
8. Northern Mutual.
9. AARP .
10. John Hancock.

How It Works

Long-term care insurance is the same as buying life insurance, with a similar process, and prices. You’ll be needing to fill out an application and answer health questionnaires. The agent might also request medical records, you choose the amount of coverage you want.

Once you’re qualified for coverage and the policy is issued, you start paying monthly premiums. The coverage is guaranteed as long as you pay your premiums, regardless of your age and health condition. Normally, you will receive the benefit once you are unable to do at least six activities of daily living -  ADLs. And that activities identify as:

• Bathing.
• Caring for incontinence or bowel control.
• Dressing.
• Eating.
• Toileting (getting on or off the toilet).
• Transferring (getting in or out of bed).

When you need care and want to make a claim, the insurance company sends your doctor’s medical records and sends a nurse to your location to do an evaluation.

How Much Is Long-Term Care Cost?

The cost of this insurance may depend on a variety of factors, including:

• Age & Health: Age and health are the important factors to consider in your premiums. The older you get, the more health problems may develop, meaning the more you’ll need to pay when you buy coverage.
• Gender: For long-term coverage women usually pay more because they live longer than men, and they have a greater chance to receive insurance claims.
• Marital Status: Married couples pay lower premiums than a single person.
• Insurance Companies: As the costs can differ from most regions and states, the rates will be determined by your insurance providers. That is why it is recommended to compare quotes from different carriers.
• Amount of Coverage: The more quality cares you want, the higher the rates you have to pay.

ANNUAL PREMIUM ESTIMATES

Remember, that these are only averages estimates based on a pool of data gathered from every insurance company.

How To Buy Long-Term Insurance?

As we say that numerous insurance companies offer long-term care insurance, you can direct with them to purchase coverage. Or you can go directly through an agent because most of them work primarily in insurance companies. Another option is to buy coverage at work. Some employers offer the opportunity to buy coverage from their brokers at group rates. I personally recommend getting quotes from different companies with the same policy to help you compare prices.

Tax Deduction For Long-Term Insurance

Long-term care insurance is treated similarly to health insurance, meaning the tax incentive for buying this type of insurance got even better. IRS increased the 2021 tax-deductibility limits and LTC premiums. Therefore the premiums you pay are generally tax-deductible. And the limits for the number of premiums you can withdraw increase as you age.

2021 - MAXIMUM DEDUCTIBLE PREMIUMS

Obviously, buying long-term care is expensive, but it is necessary because aging is our nature and part of growing. Even though you’re healthy for now, you cannot guarantee that you will not need custodial care later in life. Considering this policy will help you live like you want to and can support the quality care you deserve.

Thank You For Dropping By. I Hope You Enjoy Reading!

Original post here: Long-Term Care Insurance Policy In Boise Idaho