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Traditional Medicare vs Medicare Advantage?

Traditional Medicare vs Medicare Advantage plan?  Which way do I go?  Do I choose a Medicare Advantage plan that has a built in pharmacy benefit?  Or do I go with Traditional Medicare and get a separate part D plan and a separate supplement…and then which supplement? ...

When Your 80/20 Becomes 65/35

Part B of Medicare works like an 80/20 plan.  Hypothetically, if an office visit were to cost $100; Medicare would pay $80 and you would pay $20.  That’s not a bad deal at all.  Did you know that there are times when that is not the case?  Some doctors will work...

What if Medicare Did Not Exist?

Think about this…what if Medicare didn’t exist? The least expensive policy (outside of Medicare) I can get a 65 year old is a High Deductible plan for over $500 a month in premium. However, Medicare does exist and the most expensive Mac Daddy Cadillac plan...

What is the Part A Deductible?

The Part A deductible can change a little from year to year just as other parts of medicare do.  For 2016 the deductible is $1288 per benefit period for hospitalization.  That begs the question, “what is a benefit period?”  Let’s say you enter the...

Comparison Shopping and Medicare

What if health insurance companies really did compete on price and service? How would that happen? In order to allow people to truly compare prices policies would have to be standardized. Right now in the 64 and under market insurance companies can change deductibles,...

Term Life Insurance…What is it?

Term life insurance is, strictly speaking, a life insurance policy that lasts a specific period (or term) of time.  That is, it is not permanent.  It’s not what is going to pay out when you pass at 87 years of age.  Term is what protects your family from financial...

Permanent Life Insurance part 1

Life insurance is a fairly simple product.  You die and someone gets a check. There is no doubt about it, you are buying it for someone else.  What I hear from young people is, “I don’t need it.  If I have an accident and die just bury me in a box out back.” First...